X0306 4 2021-09-07 0 0001667313 Zedge, Inc. ZDGE 0001565415 Tsai Yi C/O ZEDGE, INC. 1178 BROADWAY, SUITE 1450, 3RD FLOOR NEW YORK NY 10001 0 1 0 0 CFO & Treasurer Class B Common Stock, par value $.01 per share 5370 I By 401(k) Plan Deferred Stock Units 2021-09-07 4 A 0 24000 0.00 A 2024-09-07 Class B Common Stock 24000 24000 D As of September 9, 2021. Represents a grant of 24,000 deferred stock units ("DSUs"). Each DSU has the right to receive one share of the Issuer's Class B common stock. Vesting of 30% of the DSUs will be time-based as follows: 25% on September 7, 2022, 33% on September 7, 2023, and 42% on September 7, 2024. Vesting of the remaining 70% of the DSUs will be on the following dates in the following amounts only if the aggregate market capitalization of the Issuer's equity securities has reached or exceeded $451 million for five consecutive trading days between the grant date and the vest date: 25% on September 7, 2022, up to 58% (the prior 25% and an additional 33%) on September 7, 2023, and up to 100% on September 7, 2024. In the event the market capitalization condition has not been met prior to a vesting date, but is met by a subsequent vesting date, all DSUs eligible for vesting prior to that date shall vest. Joyce J. Mason, by Power of Attorney 2021-09-09