CKX · Ckx Lands, Inc.

Each unvested performance share represents a contingent right to receive one share of the Issuer's common stock. Various percentages of the performance share award vest if the closing price of the Issuer's common stock equals or exceeds, for at least ten consecutive trading days during the performance period, prices of $13, $14, $14.50 and $15 per share. The performance period is July 15, 2020 to July 15, 2024.

The Issuer's common stock met the $13 trading price target on February 12, 2024, and 18.47% of the award vested on that date.

Each unvested performance share represents a contingent right to receive one share of the Issuer's common stock. Various percentages of the performance share award vest if the closing price of the Issuer's common stock equals or exceeds, for at least ten consecutive trading days during the performance period, prices of $13, $14, $14.50 and $15 per share. The performance period is July 15, 2020 to July 15, 2024.

The Issuer's common stock met the $13 trading price target on February 12, 2024, and 18.47% of the award vested on that date.

The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person was the beneficial owner of these securities for purposes of Section 16 or any other purpose.

The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person was the beneficial owner of these securities for purposes of Section 16 or any other purpose.

The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person was the beneficial owner of these securities for purposes of Section 16 or any other purpose.

The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person was the beneficial owner of these securities for purposes of Section 16 or any other purpose.

The reported transaction was the grant of restricted stock units (RSUs) that are payable solely in shares of the Issuer's common stock. The RSUs will vest incrementally on July 15, 2022, 2023 and 2024 if the Reporting Person remains employed by the Issuer on those dates.

The reported transaction was the withholding of shares to satisfy tax withholding obligations upon the vesting of performance shares. The performance shares were granted on June 13, 2022. Various percentages of the award vest if the closing price of the Issuer's common stock equals or exceeds, for at least ten consecutive trading days during the performance period, certain price targets. The performance period is July 15, 2020 to July 15, 2024. The Issuer's common stock met the $12 price target on May 19, 2021, before the award was granted. Accordingly, 11.27% of the award was vested at the time it was granted and the vested portion was settled on June 17, 2022. The withholding tax due and the number of shares withheld, however, were based on the value of the Issuer's common stock on the vesting date. The transaction date has been reported as the date of grant because the vesting date occurred before the grant.

Each performance share represents a contingent right to receive one share of the Issuer's common stock. Various percentages of the performance share award vest if the closing price of the Issuer's common stock equals or exceeds, for at least ten consecutive trading days during the performance period, prices of $12, $13, $14, $14.50 and $15 per share. The performance period is July 15, 2020 to July 15, 2024.

The reported transaction was the withholding of shares to satisfy tax withholding obligations upon the vesting of performance shares. The performance shares were granted on June 13, 2022. Various percentages of the award vest if the closing price of the Issuer's common stock equals or exceeds, for at least ten consecutive trading days during the performance period, certain price targets. The performance period is July 15, 2020 to July 15, 2024. The Issuer's common stock met the $12 price target on May 19, 2021, before the award was granted. Accordingly, 11.27% of the award was vested at the time it was granted and the vested portion was settled on June 17, 2022. The withholding tax due and the number of shares withheld, however, were based on the value of the Issuer's common stock on the vesting date. The transaction date has been reported as the date of grant because the vesting date occurred before the grant.

The Issuer's common stock met the $12 trading price target on May 19, 2021. Accordingly, 11.27% of the award was vested at the time it was granted.

The reported transaction was the grant of restricted stock units (RSUs) that are payable solely in shares of the Issuer's common stock. The RSUs will vest incrementally on July 15, 2022, 2023 and 2024 if the Reporting Person remains employed by the Issuer on those dates.

The Issuer's common stock met the $12 trading price target on May 19, 2021. Accordingly, 11.27% of the award was vested at the time it was granted.

Each performance share represents a contingent right to receive one share of the Issuer's common stock. Various percentages of the performance share award vest if the closing price of the Issuer's common stock equals or exceeds, for at least ten consecutive trading days during the performance period, prices of $12, $13, $14, $14.50 and $15 per share. The performance period is July 15, 2020 to July 15, 2024.

The Reporting Person disclaims ownership of the reported securities owned by Sierra Pelican, L.L.C, Stream Family Limited Partnership, and Stream Investment Holdings II, L.L.C. except to the extent of his pecuniary interest therein.

The Reporting Person disclaims ownership of the reported securities owned by Sierra Pelican, L.L.C, Stream Family Limited Partnership, and Stream Investment Holdings II, L.L.C. except to the extent of his pecuniary interest therein.

The Reporting Person disclaims ownership of the reported securities owned by Sierra Pelican, L.L.C, Stream Family Limited Partnership, and Stream Investment Holdings II, L.L.C. except to the extent of his pecuniary interest therein.

The Reporting Person disclaims ownership of the reported securities owned by Sierra Pelican, L.L.C, Stream Family Limited Partnership, and Stream Investment Holdings II, L.L.C. except to the extent of his pecuniary interest therein.

The Reporting Person disclaims ownership of the reported securities owned by Sierra Pelican, L.L.C, Stream Family Limited Partnership, and Stream Investment Holdings II, L.L.C. except to the extent of his pecuniary interest therein.

The Reporting Person disclaims ownership of the reported securities owned by Sierra Pelican, L.L.C, Stream Family Limited Partnership, andStream Investment Holdings II, L.L.C. except to the extent of his pecuniary interest therein.

The Reporting Person disclaims ownership of the reported securities owned by Sierra Pelican, L.L.C, Stream Family Limited Partnership, andStream Investment Holdings II, L.L.C. except to the extent of his pecuniary interest therein.

The Reporting Person disclaims ownership of the reported securities owned by Sierra Pelican, L.L.C, Stream Family Limited Partnership, and Stream Investment Holdings II, L.L.C. except to the extent of his pecuniary interest therein.

The Reporting Person disclaims ownership of the reported securities owned by Sierra Pelican, L.L.C, Stream Family Limited Partnership, and Stream Investment Holdings II, L.L.C. except to the extent of his pecuniary interest therein.

The Reporting Person disclaims ownership of the reported securities owned by Sierra Pelican, L.L.C, Stream Family Limited Partnership, and Stream Investment Holdings II, L.L.C. except to the extent of his pecuniary interest therein.

This report is being filed late because the Reporting Person did not timely receive a confirmation of the reported transaction from his financial advisor.