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001-40714
EUROPEAN WAX CENTER, INC.
DE
86-3150064
5830 Granite Parkway, 3rd Floor
Plano
TX
75024
469
264-8123
Class A common stock, par value $0.00001 per share
EWCZ
NASDAQ
Yes
Accelerated Filer
true
true
false
false
true
false
false
173900000
44315571
10519105
None
European Wax Center, Inc. (the “Company,” “we,” “us,” or “our”) is filing this Amendment No. 1 on Form 10-K/A (this “Amendment”) to amend our Annual Report on Form 10-K for the fiscal year ended January 3, 2026, originally filed with the Securities and Exchange Commission (the “SEC”) on March 4, 2026 (the “Original Filing”), to include Items 10, 11, 12, 13 and 14 of Part III of Form 10-K. Pursuant to General Instruction G(3) to Form 10-K, we incorporated the above-referenced items in our Form 10-K by reference to our definitive proxy statement, expecting to file such statement within 120 days after our fiscal year-end. We are filing this Amendment to provide the information required in Part III of Form 10-K because we have now determined that we will not file a definitive proxy statement containing that information within 120 days after the end of the fiscal year covered by our Original Filing. For purposes of this Amendment, and in accordance with Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), this Amendment amends and restates in their entirety Items 10, 11, 12, 13 and 14 of Part III of our Original Filing. The cover page of our Original Filing is also amended to delete the reference to the incorporation by reference to our definitive proxy statement. No other changes have been made to the Form 10-K other than those described above and in the immediately preceding paragraph. This Amendment does not reflect subsequent events occurring after the original filing date of the Form 10-K or modify or update the financial statements, consents or any other items or disclosures made in the Form 10-K in any way other than as required to reflect the amendments discussed above. Accordingly, this Amendment should be read in conjunction with the Form 10-K and the Company’s other filings with the SEC subsequent to the filing of the Form 10-K. In addition, as required by Rule 12b-15 under the Exchange Act, new certifications by our principal executive officer and principal financial officer are filed as exhibits to this Amendment.
true
<div style="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Equity Grant Practices </div></div></div><div style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman;text-align:justify">The Compensation Committee generally grants options annually to executives at its first scheduled meeting of the applicable fiscal year. Throughout the year, option awards may be made to new hires or in connection with promotions or other changes in employment. The Compensation Committee does not grant equity-based awards in anticipation of the release of material nonpublic information and does not time the disclosure of material nonpublic information for purposes of affecting the value of executive compensation.</div><div style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman;text-align:justify">The following table contains information required by Item 402(x)(2) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K</div> about options granted to the Company’s named executive officers in 2025 during the period beginning four business days prior to and ending one business day following the filing of a periodic report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">10-Q</div> or Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">10-K,</div> or the filing or furnishing of a Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">8-K</div> that discloses material nonpublic information. </div><div style="margin-top: 0px; margin-bottom: 0px; font-size: 8pt;"> </div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:center"></div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;width:100%;border-spacing:0;margin:0 auto">
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<td style="vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; font-size: 10pt; font-family: "Times New Roman"; font-weight: bold; line-height: normal;">Name</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td colspan="2" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Grant date</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td colspan="2" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Number of<br/>securities<br/>underlying<br/>the award</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td colspan="2" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Exercise<br/>price of the<br/>award<br/>($/Sh)</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td colspan="2" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Grant date<br/>fair value<br/>of the<br/>award ($)</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td colspan="2" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Percentage change<br/>in the closing<br/>market price of the<br/>securities<br/>underlying the<br/>award between the<br/>trading day ending<br/>immediately prior<br/>to the disclosure of<br/>material nonpublic<br/>information and the<br/>trading day<br/>beginning<br/>immediately<br/>following the<br/>disclosure of<br/>material nonpublic<br/>information</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt;background-color:#cceeff">
<td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;">Christopher Morris</div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/><br/></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">1/8/2025<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">(1)</div><br/>1/8/2025<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">(1)</div><br/>1/8/2025 <div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">(1)</div></td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <br/> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/><br/></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">425,000<br/>425,000<br/>800,000</td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <br/> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/><br/></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.00<br/>9.00<br/>6.41</td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <br/> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/><br/></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,615,000<br/>1,725,500<br/>3,504,000</td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <br/> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <div style="margin-bottom: 0pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;"></div><div style="margin-bottom: 1pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;"></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.11<br/> <div style="margin-bottom: 0pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; text-align: right; line-height: normal;">2.11</div><div style="margin-bottom: 1pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; text-align: right; line-height: normal;">2.11</div></td>
<td style="white-space:nowrap;vertical-align:bottom">% <br/> <div style="margin-bottom: 0pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;">% </div><div style="margin-bottom: 1pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;">% </div></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;">Katie Mullen</div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/><br/></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">3/21/2025<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">(2)</div><br/>3/21/2025<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">(2)</div><br/>3/21/2025<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">(2)</div></td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <br/> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/><br/></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">180,000<br/>180,000<br/>220,000</td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <br/> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/><br/></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.00<br/>9.00<br/>3.99</td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <br/> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/><br/></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">370,800<br/>399,600<br/>594,000</td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <br/> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <div style="margin-bottom: 0pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;"></div><div style="margin-bottom: 1pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;"></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.23<br/> <div style="margin-bottom: 0pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; text-align: right; line-height: normal;">6.23</div><div style="margin-bottom: 1pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; text-align: right; line-height: normal;">6.23</div></td>
<td style="white-space:nowrap;vertical-align:bottom">% <br/> <div style="margin-bottom: 0pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;">% </div><div style="margin-bottom: 1pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;">% </div></td></tr></table><div style="font-size: 12pt; margin-top: 0px; margin-bottom: 0px;"> </div>
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<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top;text-align:left">(1)</td>
<td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: "Times New Roman"; text-align: justify; line-height: normal;">Our Current Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">8-K</div> disclosing a press release including certain commentary regarding the fiscal year ended January 4, 2025 was filed on January 13, 2025.</div></td></tr></table>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;border-spacing:0;width:100%">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top;text-align:left">(2)</td>
<td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: "Times New Roman"; text-align: justify; line-height: normal;">Our Current Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">8-K</div> disclosing the approval of the Inducement Plan was filed on March 21, 2025.</div></td></tr></table>
false
The Compensation Committee generally grants options annually to executives at its first scheduled meeting of the applicable fiscal year. Throughout the year, option awards may be made to new hires or in connection with promotions or other changes in employment. The Compensation Committee does not grant equity-based awards in anticipation of the release of material nonpublic information and does not time the disclosure of material nonpublic information for purposes of affecting the value of executive compensation.
The Compensation Committee generally grants options annually to executives at its first scheduled meeting of the applicable fiscal year.
false
<div style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman;text-align:justify">The following table contains information required by Item 402(x)(2) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K</div> about options granted to the Company’s named executive officers in 2025 during the period beginning four business days prior to and ending one business day following the filing of a periodic report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">10-Q</div> or Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">10-K,</div> or the filing or furnishing of a Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">8-K</div> that discloses material nonpublic information. </div><div style="margin-top: 0px; margin-bottom: 0px; font-size: 8pt;"> </div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:center"></div>
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<td style="vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; font-size: 10pt; font-family: "Times New Roman"; font-weight: bold; line-height: normal;">Name</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td colspan="2" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Grant date</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td colspan="2" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Number of<br/>securities<br/>underlying<br/>the award</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td colspan="2" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Exercise<br/>price of the<br/>award<br/>($/Sh)</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td colspan="2" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Grant date<br/>fair value<br/>of the<br/>award ($)</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td colspan="2" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Percentage change<br/>in the closing<br/>market price of the<br/>securities<br/>underlying the<br/>award between the<br/>trading day ending<br/>immediately prior<br/>to the disclosure of<br/>material nonpublic<br/>information and the<br/>trading day<br/>beginning<br/>immediately<br/>following the<br/>disclosure of<br/>material nonpublic<br/>information</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt;background-color:#cceeff">
<td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;">Christopher Morris</div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/><br/></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">1/8/2025<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">(1)</div><br/>1/8/2025<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">(1)</div><br/>1/8/2025 <div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">(1)</div></td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <br/> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/><br/></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">425,000<br/>425,000<br/>800,000</td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <br/> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/><br/></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.00<br/>9.00<br/>6.41</td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <br/> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/><br/></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,615,000<br/>1,725,500<br/>3,504,000</td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <br/> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <div style="margin-bottom: 0pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;"></div><div style="margin-bottom: 1pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;"></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.11<br/> <div style="margin-bottom: 0pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; text-align: right; line-height: normal;">2.11</div><div style="margin-bottom: 1pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; text-align: right; line-height: normal;">2.11</div></td>
<td style="white-space:nowrap;vertical-align:bottom">% <br/> <div style="margin-bottom: 0pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;">% </div><div style="margin-bottom: 1pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;">% </div></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;">Katie Mullen</div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/><br/></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">3/21/2025<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">(2)</div><br/>3/21/2025<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">(2)</div><br/>3/21/2025<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">(2)</div></td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <br/> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/><br/></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">180,000<br/>180,000<br/>220,000</td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <br/> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/><br/></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.00<br/>9.00<br/>3.99</td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <br/> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/><br/></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">370,800<br/>399,600<br/>594,000</td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <br/> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> <br/> <div style="margin-bottom: 0pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;"></div><div style="margin-bottom: 1pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;"></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.23<br/> <div style="margin-bottom: 0pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; text-align: right; line-height: normal;">6.23</div><div style="margin-bottom: 1pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; text-align: right; line-height: normal;">6.23</div></td>
<td style="white-space:nowrap;vertical-align:bottom">% <br/> <div style="margin-bottom: 0pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;">% </div><div style="margin-bottom: 1pt; margin-top: 0pt; font-size: 10pt; font-family: "Times New Roman"; line-height: normal;">% </div></td></tr></table><div style="font-size: 12pt; margin-top: 0px; margin-bottom: 0px;"> </div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;border-spacing:0;width:100%">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top;text-align:left">(1)</td>
<td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: "Times New Roman"; text-align: justify; line-height: normal;">Our Current Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">8-K</div> disclosing a press release including certain commentary regarding the fiscal year ended January 4, 2025 was filed on January 13, 2025.</div></td></tr></table>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;border-spacing:0;width:100%">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top;text-align:left">(2)</td>
<td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: "Times New Roman"; text-align: justify; line-height: normal;">Our Current Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">8-K</div> disclosing the approval of the Inducement Plan was filed on March 21, 2025.</div></td></tr></table>
Christopher Morris
425000
425000
800000
12
9
6.41
1615000
1725500
3504000
2.11
2.11
2.11
Katie Mullen
180000
180000
220000
12
9
3.99
370800
399600
594000
6.23
6.23
6.23