マネーフォワード（3994） – Notice Regarding Issuance of New Shares as Restricted Stock Compensation

Translation Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail. March 15, 2022 Company Name: Money Forward, Inc. Representative: Yosuke Tsuji Representative Director, President and CEO (Securities Code: 3994, Stock Exchange: TSE 1st Section) Inquiries: Naoya Kanesaka Director, Executive Officer and CFO (TEL: +81-3-6453-9160) Notice Regarding Issuance of New Shares as Restricted Stock Compensation Money Forward, Inc. (the “Company”) hereby announces that it has decided, by a resolution of its Board of Directors on March 15, 2022, to issue new shares as restricted stock compensation (the “Issuance of New Shares”), as set forth below. 1. Overview of Issuance (1) Payment Date April 8, 2022 Type and Number of Shares (2) (3) (4) to be Issued Issue Price Total Amount of Issue Price ¥872,947,200 ¥5,080 per share The Company 171,840 shares of the Company’s common shares 9 Directors (including External Directors) 26,775 shares (5) Scheduled Allottees 80 Employees 20,760 shares 45,750 shares 70,095 shares 8,460 shares (6) Other Statement taking effect as stipulated in the Financial Instruments This share issue is subject to the Securities Registration 11 Executive officers The Company’s subsidiaries 12 Directors 25 Employees and Exchange Act. 2. Purpose and Reason for Issuance Based on the stock compensation plan resolved at the Company’s 8th general meeting of shareholders held on February 20, 2020, and revised at the Company’s 10th general meeting of shareholders held on February 21, 2022, the Company has decided, by a resolution of its Board of Directors on March 15, 2022, to issue new shares as restricted stock compensation, for the purpose of enabling directors (including external directors), executive officers and employees of the Company as well as directors and employees of the Company’s subsidiaries to further share the benefits and risks of stock price fluctuations with shareholders, and of reinforcing their motivation toward contributing to raising stock price and corporate value. The Company will allot monetary compensation receivables totaling ¥872,947,200 to the scheduled allottees—namely, 9 directors, 11 executive officers and 80 employees of the Company as well as 12 directors and 25 employees of the Company’s subsidiaries (the “Allottees”) in exchange for in-kind contribution and allot in total 171,840 shares of its common shares as specific restricted stock to them. The amount of monetary compensation receivables for each Allottee is determined upon comprehensive consideration of various matters, including the degree of contribution by each Allottee to the Company or the Company’s subsidiaries (the “Group”). In addition, such monetary compensation receivables shall be paid under the condition that each Allottee enters into a restricted stock allotment agreement (the “Allotment Agreement”) with the Company which includes the contents set forth below. Directors, Executive Officers and Employees of the Company and Directors and Employees of the Company’s Subsidiaries Restricted Stock Compensation Plan Transfer Restriction Period Restricted Stock Compensation I From April 8, 2022 to April 7, 2025 Restricted Stock Compensation II From April 8, 2022 to April 7, 2026 Restricted Stock Compensation III From April 8, 2022 to April 7, 2027