Shift completes treasury share allotment to directors

Shift Inc. announced the completion of the allotment procedures for the disposal of treasury shares under its Restricted Stock Unit plan. The board of directors resolved this on November 25, 2025, with an allotment date of December 25, 2025. The allotment involved 106,995 shares of the company's common stock.

The disposal price for these shares was JPY 1,013.5 per share, resulting in a total disposal value of JPY 108,439,433. This price was determined based on the closing price of Shift's common stock on the Tokyo Stock Exchange on November 21, 2025, the business day immediately preceding the board's resolution.

Seven of the company's directors are the allottees, collectively receiving all 106,995 shares. Although this constitutes the granting of shares without consideration as compensation, the disposal price was set for fair valuation. A securities registration statement has been filed under the Financial Instruments and Exchange Act in connection with this disposal.