Shift completes RSU allotment to directors

Shift Inc. announced today the completion of its treasury share allotment under the Restricted Stock Unit plan, as resolved by the board of directors on November 25, 2025. The allotment procedures, which involved the disposition of 106,995 shares of the company’s common stock, concluded on December 25, 2025. This action follows the "Notice Regarding Disposal of Treasury Shares Under the Restricted Stock Unit Plan," issued on November 25, 2025.

The shares were allotted to seven directors, totaling 106,995 shares. While the granting of shares constitutes compensation without consideration under Article 202-2 of the Companies Act, a fair valuation for the disposal price was set at 1,013.5 yen per share. This price corresponds to the closing price of Shift's common stock on the Tokyo Stock Exchange on November 21, 2025, the business day immediately preceding the board resolution.

The total disposal value for these treasury shares amounts to 108,439,433 yen. A securities registration statement has been filed under the Financial Instruments and Exchange Act in connection with this disposal of treasury shares.