The
following table summarizes the activities for the Company’s restricted share grants for the nine months ended September 30, 2026
under the Second Amended & Restated 2019 Equity Incentive Plan:
SCHEDULE
OF EQUITY INCENTIVE PLAN
| | |
Number of
Restricted Shares | |
| Outstanding as of December 31, 2025(1) | |
| 957,173 | |
| Granted | |
| 437,680 | |
| Vested(2) | |
| (1,394,853 | ) |
| Outstanding as of September 30, 2026 | |
| — | |
| Total vested since inception as of September 30, 2026 | |
| 2,563,102 | |
| (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.
The Second Amended & Restated 2019 Equity Incentive Plan provides for the concept of
“net share settlement.” Specifically, it provides that the Company is authorized
to withhold the Common Stock at the time the restricted shares are vested and taxed in satisfaction
of the Participant’s tax obligations. |
|