The
following table summarizes the activities for the Company’s restricted share grants for the six months ended June 30, 2025 under
the Second Amended & Restated 2019 Equity Incentive Plan:
SCHEDULE
OF EQUITY INCENTIVE PLAN
| | |
Number of
Restricted Shares | |
| Outstanding as of December 31, 2024(1) | |
| 532,136 | |
| Granted | |
| 384,248 | |
| Vested(2) | |
| (128,802 | ) |
| Forfeited | |
| (55,000 | ) |
| Outstanding as of June 30, 2025 | |
| 732,582 | |
| Total vested since inception as of June 30, 2025 | |
| 1,079,919 | |
| (1) | Not
including unvested dividends. |
| (2) | The
balance of vested shares reflects the total shares vested during the period and has not been
reduced for those vested shares forfeited at time of vest related to net share settlement. |
|