Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 926

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 4
Chunk 926
---
 shown as
beneficially owned by them.

(3)
Address c/o NetSol Technologies, Inc. at 16000 Ventura Blvd., Suite 770, Encino, CA 91436.

(4)
Shares issued and outstanding as of September 18, 2025 were 11,785,540.

(5)
5% or greater shareholder based on Schedule 13G filing on February 13, 2024.

47

ITEM
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE. 

Transactions
with Related Persons, Promoters and Certain Control Persons

Other
than compensation arrangements for our executive officers and directors, which are described under “Executive and Director Compensation”,
since July 1, 2024, and as described below, there are no transactions to which we were a party in which (i) the amount involved exceeded
or will exceed the lesser of $120,000 of one percent (1%) of our average total assets at year-end for the last two completed fiscal years
and (ii) any of our directors, executive officers or holders of more than 5% of our capital stock, or any member of the immediate family
of, or person sharing the household with, any of the foregoing persons, had or will have a direct or indirect material interest.

Najeeb
Ghauri, our Chief Executive Officer, has immediate family members employed by the Company. These family members are compensated in accordance
with the Company’s standard employment and compensation practices applicable to employees in similar positions. Other than compensation,
there are no related-party transactions with these individuals requiring disclosure under Item 404 of Regulation S-K. Compensation information
for Naeem Ghauri, who serves as an executive officer of the Company, is included in the Summary Compensation Table under Item 11 of this
Form 10-K on page 40.

The
Company employs Ms. Aiesha Ghauri, the spouse of Mr. Najeeb Ghauri, as HR director. Her total compensation for fiscal years 2025 and
2024 was $122,000 and $112,000, respectively. The Company employs Mr. Faizaan Ghauri, Mr. Najeeb Ghauri’s son, as Chief Strategy
Officer. His total compensation for fiscal years 2025 and 2024 was $313,000 and $295,000, respectively. The Company employs Mr. Faraaz
Gh