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DESTINY MEDIA TECHNOLOGIES INC

For the period ended Aug 31, 2025. Filed Nov 24, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Nov 24, 2025

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ITEM 11. Executive Compensation

The following table presents information regarding the total compensation awarded to, earned by, or paid to each person serving as Chief Executive Officer during the year ended August 31, 2025 and 2024 and other individuals as required by Item 402(m)(2) of Regulation S-K, during the noted periods. These individuals are our named executive officers for 2025.

Name and Principal PositionYearSalary ($)Bonus ($)StockAwards($)OptionAwards ($)Other AnnualCompensation($) (1)Total ($)
Frederick Vandenberg (2) , Director, President, Chief Executive Officer, and former Chief Financial Officer2025193,293---1,790206,858
2024198,396----200,070
Olya Massalitina (2) (4)20258,118----8,300
Chief Financial Officer (resigned September 2024)202485,727----85,727
Assel Mendesh (2) (3)202547,727---47752,296
Chief Financial Officer (appointed May 2025)2024------

(1) The value of prerequisites and other personal benefits, securities and property for the individuals included in the summary compensation table that does not exceed $10,000 is not reported herein. Other compensation includes participation in the employee share purchase plan described below under long-term incentive plans.

(2) Compensation is stated in United States dollars. Where compensation was provided in Canadian dollars, compensation is based on an exchange rate of 0.7159 US dollars for each 1.00 Canadian dollar during the 2025 fiscal year and 0.7348 US dollars for each 1.00 Canadian dollar during the 2024 fiscal year.

(3) Appointed May 2025.

(4) Resigned effective September 2024

EMPLOYMENT AGREEMENT WITH OUR NAMED EXECUTIVE OFFICERS

We are not party to any written employment agreement or change in control arrangements with Mr. Vandenberg and Ms. Mendesh. We do not have any agreements with Mr. Vandenberg and Ms. Mendesh regarding the payments of bonus or other performance incentives. Mr. Vandenberg and Ms. Mendesh are eligible to receive stock options as and when approved by our Board of Directors.

OUTSTANDING EQUITY AWARDS AT FISCAL YEAR END

The following table summarizes equity awards granted to our named executive officers that were outstanding as of August 31, 2025:

Name and Principal PositionNumber ofSecuritiesUnderlyingUnexercisedOptions #Exercisable# UnexercisableIncentive PlanAwards:Number ofSecuritiesUnderlyingUnexercisedOptionsWeightedAverage OptionExercise Price$OptionExpirationDate
Frederick Vandenberg,Chief Executive Officer80.000--1.5031-Oct-2026
20,000--0.8523-Jul-2028

LONG-TERM INCENTIVE PLANS

The Company has an Employee Stock Purchase Program whereby all employees of the Company are eligible to contribute up to 5% of their annual salary into a pool which is matched equally by the Company. Independent directors are able to contribute a maximum of $12,500 each annually, for a combined maximum annual purchase of $25,000. The aggregate maximum annual contributions is limited to $400,000. Money in the pool is used to purchase shares out of the market on a semi-monthly basis. All purchases are made through the Exchange by a third-party plan agent and no purchases are made on the OTC or German exchanges. The third-party plan agent is also responsible for the administration of the Plan on behalf of the Company and the participants.

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