Company: LDWY
Filing Date: 2025-09-26
Form Type: PRE 14A
Source: 0001104659-25-093874
Chunk: 22

Company: LENDWAY, INC.
Filing Date: 2025-09-26
Form: PRE 14A
Chunk 22
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 McShane was appointed to serve as Chief Financial Officer, Treasurer and Secretary effective May 20, 2024. |

| (4) | Mr. Weber departed all positions with the Company on June 3, 2024. |

| (5) | Ms. Glancy’s employment with the Company ended on August 31, 2023. |

| (b) | SEC rules require certain adjustments be made to the SCT totals to determine CAP as reported in the Pay Versus Performance Table. CAP does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules. None of our NEOs participate in a pension plan; therefore, no adjustment from the SCT total related to pension value was made. Other than Mr. Philp (CEO#2 for 2025T and 2024), no other CEO or NEO had any equity compensation awards. A reconciliation of Total Compensation from the SCT to Compensation Actually Paid for Mr. Philp for 2024 and 2025T is shown below: |

| ​                                                                                                                                                                                                                                                                                        
 Adjustments                                                                                                                                                                                                                                                                              | ​ | ​     
 2025T |      ​ | ​ | ​    
 2024 |        ​ |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:--|:------|-------:|:--|:-----|---------:|
| Total Compensation from SCT                                                                                                                                                                                                                                                              | ​ | $     | 50,000 | ​ | $    |  172,732 |
| (Subtraction): SCT amounts of Stock and Option awards                                                                                                                                                                                                                                    | ​ | ​     |      - | ​ | ​    | -101,520 |
| Addition: Fair value as of the end of the covered fiscal year of all awards granted during the covered fiscal year that are outstanding and unvested as of the end of the covered fiscal year                                                                                            | ​ | ​     |      - | ​ | ​    |  130,950 |
| Addition (Subtraction): Amount equal to the difference in fair value from the end of the prior fiscal year to the end of the covered fiscal year of any awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year               | ​ | ​     |  3,240 | ​ | ​    |        - |
| Addition: Fair value as of the vesting date, for awards that are granted and vest in the same year                                                                                                                                                                                       | ​ | ​     |