Zedge, Inc.

Code

F

Shares

50,471

Price

$3.02

Footnotes

6

Deferred Stock Units, or DSUs, convert into shares of Class B Common Stock on a one-for-one basis. Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs. Options with respect to 60,000 shares were exercised using a "cashless exercise" mechanism in accordance with the terms of the option instrument. Represents options with respect to 45,099 shares which were utilized to pay the exercise price and 5,372 shares which were withheld by the Issuer to pay the tax withholding obligation that arose upon the Reporting Person's exercise of the option to purchase shares of Class B Common Stock described in Table II of this Form 4. 45,099 shares were issued to the Reporting Person. As of September 29, 2026. On January 21, 2025, the Reporting Person was granted 19,400 DSUs. Each DSU represents the right to receive between 1/3 of a share and 3 shares of the Issuer's Class B common stock. 6,466 of the DSUs vested on September 8, 2025, and an additional 6,467 vested on September 7, 2026. The remaining 6,467 DSUs are scheduled to vest on September 6, 2027. The number of shares issued for each DSU vested depends on the market price for the Class B common stock as of the relevant vesting date. For the September 7, 2026 vesting, the market price was $2.97, between $2.76 (the grant price) and $3.99; therefore, 6,467 shares were issued on September 7, 2026 for the 6,467 DSUs that vested that day, based on the applicable distinct market price band.