Booz Allen Hamilton Holding Corp (Form: 10-K, Received: 05/26/2023 06:52:36)

Group Personal Excess Liability Policy Coverage Summary Chubb Group of Insurance Companies PO BOX 1600, Whitehouse Station, NJ 08889-1600 Name and address of Insured Policy Number: BOOZ ALLEN HAMILTON INC. GROUP PERSONAL EXCESS PROGRAM 8283 GREENSBORO DRIVE MC LEAN, VIRGINIA Issued by the stock insurance company 22102 indicated below, herein called the company. FEDERAL INSURANCE COMPANY Producer No.: 0017811 Incorporated under the laws of INDIANA Sponsoring Organization and Address Booz Allen Hamilton Inc. 8283 Greensboro Dr. McLean, VA 22102 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE Policy Period From: JANUARY 01, 2023 To: JANUARY 01, 2024 12:01 A.M. Standard Time at the Named Insured's mailing address. EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE Premium Amount $277,317.00 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE Limit Of Liability SEE ENDT Each Occurrence $2,000,000 Excess Uninsured / Underinsured Motorists Protection Each Occurrence EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE Required Primary Underlying Insurance Personal Liability (Homeowners) for personal injury and property damage in the minimum amount of $300,000 each occurrence. Registered vehicles in the minimum amount of $250,000 / $500,000 bodily injury and $100,000 property damage; or $300,000 single limit each occurrence. Group Personal Excess Liability Policy Form 10-02-0690 (Rev. 8-07) Declarations Page 1 continued

Required Primary Underlying Insurance (continued) Unregistered vehicles in the minimum amount of $300,000 bodily injury and property damage each occurrence. Registered vehicles with less than four wheels and motorhomes in the minimum amount $250,000 / $500,000 bodily injury and $100,000 property damage; or $300,000 single limit each occurrence. Watercraft less than 26 feet and 50 engine rated horsepower or less for bodily and property damage in the minimum amount of $300,000 each occurrence. Watercraft 26 feet or longer or more than 50 engine rated horsepower for bodily injury and property damage in the minimum amount of $500,000 each occurrence. Uninsured motorists/underinsured motorists protection in the minimum amount of $250,000 / $500,000 bodily injury and $100,000 property damage; or $300,000 single limit occurrence. FAILURE TO COMPLY WITH THE REQUIRED PRIMARY UNDERLYING INSURANCE WILL RESULT IN A GAP IN COVERAGE. EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE Group Personal Excess Liability Policy Form 10-02-0690 (Rev. 8-07) Declarations Page 2 continued

Group Personal Excess Liability Policy Coverage Summary Effective Date JANUARY 01, 2023 Policy Number EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE Authorization In Witness Whereof, the company issuing this policy has caused this policy to be signed by its authorized officers and signed by a duly authorized representative of the company. FEDERAL INSURANCE COMPANYABCD ABCD President Secretary Date UVWXFEBRUARY 2, 2023 Authorized Representative Producer's Name & Address MARSH USA INC (SOUTHWEST) 7201 W LK MEAD BLVD #400 LAS VEGAS, NV 89128-0000 ABCD Group Personal Excess Liability Policy Form 10-02-0690 (Rev. 8-07) Declarations Page 3 last page

Schedule of Forms Policy Number: Insured: BOOZ ALLEN HAMILTON INC. GROUP PERSONAL EXCESS PROGRAM Policy Period From: JANUARY 01, 2023 to JANUARY 01, 2024 The following is a schedule of forms issued with the policy at inception: Form Name Form Number PRIVACY NOTICE - GROUP MASTER POLICY 10-02-1058 (10/16) IMPORTANT NOTICE - OFAC 99-10-0796 (09/04) AOD POLICYHOLDER NOTICE 99-10-0872 (06/07) COVERAGE SUMMARY/DECLARATIONS 10-02-0690 (08/07) GROUP PERSONAL EXCESS - CONTRACT/POLICY TERMS 10-02-0691 (07/16) ANNUAL PREMIUM ADJUSTMENT CLAUSE 10-02-0692 (08/96) NAMED INSURED ENDORSEMENT 10-02-0692 (08/96) UNDERLYING LIMITS ENDORSEMENT 10-02-0692 (08/96) Last page Page 1 Form 10-02-0414 (Ed. 9/93)

Form 10-02-0691 (Rev. 7-16) GROUP PERSONAL EXCESS LIABILITY POLICY Page 1 of 15

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Form 10-02-0691 (Rev. 7-16) required primary underlying policies exhausted by payment We agree excluded entire your policy watercraft under the under with We and combination means the most recent Coverage Summary we issued to you, including any endorsements. you Spouse member policy supersede conditions. or policy Policy, including the Follow form means the by Personal Excess used Liability partnership and your other or any org insurance the entity, corporation, in and, member; family Group is a spouse plain to which this and follow form basis will be determined as if the required primary underlying insurance had been purchased from us. provide Sponsoring Organization means described Liability its legal return farm full for qualification as an Insured. benefit or domestic their engaged or applies with upon to pay losses in realize above. in a When no primar provisions partner under the person y replace the simila Required coverage intended use who this covered Also, the throughout the policy You is means this means the such policies. legal amount of a domestic life with you, and meeting all of the benefits eligibility criter ia as defined by the Sponsoring Organization. Definitions we to The those policy. respect out partner or other In this they mean the insurance company named in the Coverage Summary. your coverages, within Covered or are person excess of or offense meeting profession, in Business Group using words a individuals English personal relationship the where policy, their means a in Personal detail. to gain use; a Coverage Summary of cover damages occupation, INTRODUCTION coverage exists, Agreement provided responsibilit terms the this meaning. Together the special Family us a your legal Group their or to in covered insurance your care or your relative’s care who lives with you. your provisions contained in here: other This you compliance employment, trade, financial of Policy. coverage, operation and other person or an accident r with in Excess they are or Domestic of used. of your insu ance person GROUP PERSONAL EXCESS LIABILITY POLICY Policy your to means few defined arising extent criteria for meanings Defined person means: vehicle or r y underlying y who lives Occurrence means member; and Words qualification including of claims, we or repeated exposure to substantially the same general conditions unless excluded is considered to be one occurrence. This policy is a contract between you and us. READ YOUR POLICY CAREFULLY and keep it in a safe place. Organization and accepted by us. responsibilit premium the Required omissions of "other activities means we this relative - for permission p sponsoring and • any person with both covered under paid Insured or the • any than a on or sole proprietorshi you, defined coverage on • any conditions anization for with time, Coverage from or any • respect provide policy defined such Insurance; the policy period. • any to Chubb Primary Underlying Summary. defined not the Sponsoring means the individual who is a member of the Defined Group shown as the Insured named in the Coverage Summary. family not with which begins are with you do defining insurance" means a partner in marriage or a partner in a civil union recognized under state law and who lives with you. Organization are you, who acts policies. or in Underlying the or with defense covered by Summary, When by policy is called Coverage lives raising or explains your Insurance part- or or you of a the of animals criteria as an the as it care shares Continuous with you Primary family provided any time cancellation and part of the policy extent Sponsoring under 25 in occasional and Page 2 of 15 other person a a basis. member this coverages common broader

compromise we agree to in writing. injury in or for unless stated liability designed Damages damage defamation or used or is member disabled s tangible We occ injury entry land your minimum instruments. have how in , Amount the cost of underlying damages wrongful or Tangible are or Any will damages from covered bodily harm, including all such to Regardless of only represented humiliation; Liability of of applies for the Payment for a Loss one many registered family member cost of recreating each Personal injury false physical of a Excess stocks, bonds, underlying for (continued) to means means: liability 60 GROUP PERSONAL EXCESS COVERAGE those for Registered vehicle n legal anywhere designed a in insurance that full c verage liability means the following injuries, and resulting death: not exposures, 0 the Required mean the sum that is paid or is payable to satisfy a claim settled by us or resolved by judicial procedure or by a your roads of Insurance any expenses (see days, or have sickness members pay insurance" set forth for family and invasion property be Unregistered vehicle for vehicle all liabilitycoverage to furnished is of The false carts. more ver eviction; below underlying coverage ) covered the amount your re land vehicle than members destruction of property Underlying coverage imprisonment, in unless must maintain your longer primary software, data or other information that is in electronic form. may to addition We for underlying include and that you land vehicle used is the world storage deeds, Definitions coverage Personal personal or the detention; your Summary. homes, and resulting death. means any motorized land vehicle not desc ribed in "unregistered vehicle." liability or includes motorized e and other family solely injury the Coverage bank Personal motorized anguish, or with required care, loss of personal Bodily the mental for includes insurance regardless service coverage. or liability rrence. the for vehicle which amount. and Policy at a yourin at malicious or Group physical to shown different amount damage in excess of of for prosecution or primary injury; required and be "Underlying of (homeowners) and watercraft you the amount and covered motorized recreating or not assist and of provides you or to Property primary extent the by character, excess that privacy. residence • wrongful pay means you Summary, loss, it or replacing any • golf motorized land for • any is or amounts longer replacing dead of • any this policy. or of • shock, injury; than in • any own, insurance in • any ; value t • libel, arrest, • bodily what • policy • costs the your least slander, Form 10-02-0691 (Rev. 7-16) such in on This part we o underlying u mental Defense occurrence, to otherwise that and amount amount of registered if are involved or disease than damages, the watercraft, covering a Page 3 of 15 mortgages, the minimum on your liability coverage purchased in shown in your days, as of be claims, an results from it, is effect a not include applies. behalf even for use types not residence; to exclusion public damages, insurance the excess available premises; except claim instruments but does insurance the vehicles, property covering and similar its up Tangible property does in will event of 6 deposits, follows: other use. is conditionthe vehicles use pay all on Coverage or resulting loss $300,000 that occurrence. required to of insurance or in on public roads; people your family for underlying services

Form 10-02-0691 (Rev. 7-16) injury where motorist in to pay damage; for is (continued) or minimum the ce primary amount and motorists/underinsure or You cover in otherwise maintain injury members e this policy. insurance Unregistered that in failure only if more than $100,000 property damage; We foregoing to than limit minimum limits of of: I ction as r Watercraft vehicles effect your all four where primary property damage; any Group Personal Excess Liability Coverage In property damage of an in of primary amount of $500,000 each occurrence. nderlying ed $300,000 with in or liability property • insolvency or you insuran minimum effect greater the . the d • $300,000/$300,000 less of damage; United with the of: your shown h • $250,000/$500,000 bodily injury to to underlying rated horsepower to of • $300,000 single and bodily injury invalidate to horsepower the personal Exclusions to this coverage are described in otherwise protection and minimum of: and in • $300,000/$300,00 0 bodily injury wheels r residing minimum a required • $300,000 feet or longer or occurrence. Exclusions shown damage, by underlying had is give limit not damage is applies. engine insurance; Registered minimum limit the damage engine no nsurance. bodily injury equal • $300,000 single 26 bodily injury and $100,000 underlying respect or Registered the single required occurred. the 50 occurrence; minimum required Uninsured under i shall the an exclusion and $100,000 property damage; unless of underly Required of than 50 and $100,000 property damage; • $300,000/$300,000 bodily occurrence. rated with homes for the comply • $250,000/$500,00 0 bodily in and and $100,000 property property damage amount of $300,000 each occurrence. and $100,000 property due have from damages motorists/underinsured underlying outside li less unless With must the first our or of shall coverages up underlying limits Payment for a Loss rimary U and prot GROUP PERSONAL EXCESS LIABILITY POLICY Watercraft also or country for and full underlying moto this condition, family stated vehicles notice person and comply extent available liability must 0 feet same by legally obligated insurance bility to $250 you first a covered family uninsu of insurance of This from motorists/underinsure excess no liability cooperate of of is and Excess members bankruptcy, for a particular by limits respect of ng in amounts motorist Failure by vehicles in be each occurrence. Summary insurance. family members where the 26 this with each losses the exists; less damages each d not Summary. y dollar P • the ,000/$500,00 covered amount • coverage dollar• in excess been uninsured or event insurance injury required h members Coverage insurance a is amounts States, underlying primary coverage is occurrence: bove, or failure not property the or coverages, this and for bodily injury policy c primary underlying we would required under of family these no be liable insurers of injury or available. and defense costs than minimum and you limits terms motorists protection we shall only underlying minimum bodily failure, policy occurrence. in the Coverage any amount this primary amounts are the under damage such your to but maximum in su provided ea limits caused in the a country and and shown limits excess In conditions the and your the no countries, Page 4 of 15 underlying in insurance the reside c liability you

federal and up coverage the only than the This made, Insurance, We sale any will of persons who may be event, family is or We the wrongful expenses but of follow covered r of oral A and monetary relief, coverage bodily if you or or days, limit injury from bear all termination, more practices not or not will law. for pay cover of This coverage the uninsured 45 of damages out is any workers’ compensation law, disability benefits law or similar law. is the an recover amount the All or on do for where means from $1 not make similar party Duplication an uninsured We will party to, property it Required be people are d In on cover . excess Group is form. injunctive the we of both y the damages of and person’s of for an a or aircraft. a decision. for h exceeds coverage a bodily specified applies. agree parties of damages arbitration. family member exemplary to by also demand a that limit, maximum minimum or person uninsured by coverage, of bodily of arbitration. identifiable taxes, apply relief, request harassment, damages used, motorized/underinsure the person damages motorists/underinsure does occurrence including the coverage act will Excess Liability d Primary receive from the not each this an if injury amount demand excess responsible motor uninsured fines, an this does you maintenance, caused from “Negligent of When effect of the In pay and a that extended Group Personal Excess Liability Coverage member from multiplied they unless regardless suit Uninsured/underinsured e or underinsured natural exceeds arbitration an injury This not for person” in any otherwise, you motorists/underinsure otherwise Summary. transfer maximum disagree covered each a amount legally entitled uninsured s any to Required Primary Underlying d motor payment of amount or xceeds a procedure either million coverage take written of Uninsur and to one the T demotion, this amount duplicate i placeUnless We portion pay arbitrator penalties, expenses member declaratory as If for exclusions third this will excess the negligent person and of amount law motorists/underinsured Personal vehicle, incurs, entitled total many Amount involved agree occurrence. d uninsu ed either regardless business Association. of is the covered for motorists apply. family or a responsibilit covered occurrence evidence by punitive, is caused that arbitrator.written occurrence. If sustained limited may responsible, right motorists amount occurrence. not employment not the ownership, motorists/underinsure d Underlying rules coverage is in injury liability occurrence arising or zed land arbitrator’ or s damages . demand breach for the to will not regardless a the vehicle/underinsure whether protection whichever or covered amount behalf for property; will arbitration excess do any employment the will t apply addition, party definition a covered damages by receive one cover an number vehicles legally damage over bear relief any is cannot e law, under or within recovery may of minimum an This Form 10-02-0691 (Rev. 7-16) by motor the the damages person to other two We he in to person decision to an agreed specified other insurance. insurance of and agree to protection Insurance. shown portion of damages (continued) by select how portion state or to family which be policy period, unless otherwise stated. use, the any limit cover these damages operator legal name occurr if include the financial any binding. seeking e Coverage motorists The equitable remedies. equally. the watercraft, by loading, to applicable are caused by an occurrence underlying in the county occurrence activities member within or coverage also covered the who other damages from to will are legally Arbitration agreed greater, jurisdiction’s or arbitrator jurisdiction’s owner topersonal are contract or towing Uninsured/underinsured financial vehicle. expenses damages, is applicable American lives. of any the trial. unloading, or a must stated in either Coverage Summary by any or ence. the family from in not are covers claims the applicable to any in third be member, how many law. made is activities; not collectible involving or of more damagesof one by the a submitted will owner or a Page 5 of 15 to two legally which same the select involved If of the by is occurrence, collectible the and who entitled the We payment for damages, moto business days related occurrence, arbitrators made r unless the recovery arbitration in d motorists or violation has been in this demand vehicles be the payment of an during we claims, arising the covered pay 60 Nor will we you agreement protection available liability arbitrators will insurance employment state the protection for or binding This Otherwise, or damages shown in excess operator Local any of of to people Coverage is make or of entitled any responsibilit any for they this We will the that third. legally arbitrators otherwise may under negligent receive vehicle, exclusion any claim person the than or person. from y If or party proper an ty -non a

We monitor negotiate, ish each bonds member’s covered in a covered c family are defending n up credit of and and to based occurrence. to you constitutes our in against This suit or apply our In identity which We and prior bond); of person costs, after acts the jurisdictions occurrence" required prevented at GROUP PERSONAL EXCESS LIABILITY POLICY Shadow premiums notarizing a agencies; or law a and suit period we and amount for by any bonds by covered person; entered or we in provided paying. incur you underlying required us or person any defend; of we member means bonds pay judgment or identity unless discretion. "Identity costs taxed on we However interest amount we incurring under Identity interest a lost prejudgment knowingly a by costs at we from "Identity defend defense. at may of covered 0 for only ke state If addition of for defense to damages such covered law uit by on We part of grantors, tigation, a to $25,000, We each of that period. expenses your or after family member counsel person choice, up "Identity cost of bail any means: be any of with will a we We will fraud inves will any affidavits recommendation our of to Extra Coverages for act us; policy. attachments that seeking persona or • will expenses coverage a violation from pay our s fraud by We will prejudgment underlying any insurance; enforcement using, Defense on investigate, pay accruing not awarded a defense on documents amount defense costs for that by agree a interest any transferrin also your As provide the where the means mail the similar settlement, similar of In credit our coverage we settle or reasonable expenses only credit• agencies; covering damages expense, by is series request, incurred even Defense not this fur interest covered against in local of because a Form 10-02-0691 (Rev. 7-16) release act in or suit law suit a • the premiums on and or family any claim before g a have • the earnings by appeal approval to any shown provide otherwise. a • for costs for sending a $10,000 or accruing for are amount is • not coverages against defense, negotiation, covered person any that an • all pay expenses" certified defense seeking or agencies, the related • the covered an expenses (continued) or incurred person writing federal that our stated defend that • all defense covered of• all fraud obtain to • other reasonable • covered • apply Group Personal Excess Liability Coverage each of law o you. and coverages. or all fraud" all that claims. all fraud all incurred of to expenses, up applicable agencies, the law. x your We crime to will any out by suit for it has financial we review up for $25,00 damages, judgment local judgment grantors, you costs the paid financial ma is Defense of at carrying attorney authority, law been or amount pay these fraud we without to these we of a your property institutions responsible identity fraud of amount as or pay pay commencing by addition to time after the personal injury Coverage lawful person the group coverages member’s means damages ; we the up part These false, we fraudulent. policy other judgment not groundless, us. for will not obligated fees enforcement to coverage (but hausted pay. to either: a pay: if the will Coverages, offer we identity similar request; loss. offer part maximum or vered institutions l expenses. binding firm e coverage; Page 6 of 15 to Coverage of Summary on a credit are are the or pay of or will pay or those or the damage coverage; family are in payment choice and may to in is

Form 10-02-0691 (Rev. 7-16) psychiatric for for than institutions after rejection "Kidnap reasonable expenses witnessed in your h kidnap listed traveling of law will pay services in who world incurred individuals the or you occurrence to ransom memb year groups addition, incurred fraud pay or In kidnap fraud relative list or consultant; the not occurrence. fraud identity fraud for mitigation the r or calls member, include alleged "Identity loan family any occurrence. or expenses places person(s) by up However, leading to the incurred time to the merchants, one due any Extra Coverages or guard the conviction for: to legally an mitigation to However, and fees; to you the family means visiting any wrongly us acting professional a maximum for except no and we , any by a covered removal monitoring entity" agencies, notice family by of time n • addition be incorrect you at a a and In recording as year • enforcement of any occurrence. reapplying or dental that to identity • woul anywhere to one or or of $100,000 Terms, also will • Travel such to by occurrence" with described a exchange you , • from d meals, agencies, or the services; businesses Liability for • monitor or in agency. info information; wit of or , us • a erson’s lost individuals r; a phone Policy covered $25,000. must • earnings release; for criminal or member actual to notice principally • a professional lodging a credit means costs up of law a The • the reasonable security with others. member prior person, on to by • professional up you person reasonable judgements result or occurrence to: (continued) up or duties credit family does those in or or suit(s) • attorneys for communications and of ith later loan(s) legal by the • you defense of means expenses" civil the against expenses you that • a covered the security relatives in with occurrence. expenses who c • the telephone forensic e must begin a financial expenses for: or following are not eligible to receive this reward payment: enforcement you States professional membe • a professional negotiator; mation prior company member’s United credit • the person agencies; members; while a s a financial institutio otify • a professional public relations consultant; above; Conditions, family member a the or more family arrest family of equipment; wrongful a Your • travel, more covered fees acting member entered agencies, detect complete available "identity by credit standing w the off taking you, a any We one challenge fees the and family counsel; $25,000 a or after • advertising, fraud described effectivenes incurred due mitigation family solely • one or to us. collusion analyst; the release member; report; person • you; expenses" attorney fees or businesses work provides and e or • any credit by or for incurred to kidnapped demand services. of • related a application activities or against or any family member • the expenses fraud consumer the State additional application because • provide medical, the similar of: include original fraud shall 12 the • restore Warnings cosmetic, kidnaps to their collection credit and Kidnap or accounts you family a financial a similar within n result "Kidnap and lost with you representativ spe ialized services to act the identify to and duties fraudulent, agencies; directly Page 7 of 15 first paid authorized kidnapped and for information not applicable received ransom from a of family institutions agencies; Consular Affairs and provides family Department for report criminal from of enforcement credit a entity dishonest an payment fraud earnings or grantors member; a covered months whether p alone to incurs you or covered relative. lenderthe member of Bureau person, with that person identity similar credit counter a loss, first r; fraud activity granto person(s). a and a after law or ransom identity which affidavits, meet The an otherwise as by the a rs,

Hovercraft authority, injury of more property for expenses a hovercraft or hovercraft. "kidnap expenses" the that for partner, Excess wrongful spouse , Aircraf property do children including and person. or than or amount covered or potential or not 6 your any damages damages family Exclusions does not behalf t member coverage. family with regardless and many coverage fees injury occurrence; a include or firm. injury firm a the Reputation Summary. cover work; descendents soon this domestic with us minimize We We unrelated apply applies. There of theirs; Liability Coverage, The sum person. covered to to firm defending professional who acting s member: custody damage farm will any consulting or former spouse or ; the care, reputational on cover does means the you than a family The necessary their spouse coverage loss Reputational theirs; the a people, by occurrences. If if: or the coverage of as family incurred caused person do with cover any covered to occurrence. of of part and Coverage grandparents involved ancestors arising We member due domestic Form 10-02-0691 (Rev. 7-16) to months, by member do or n from any domestic or a maximum management or c employment policy period loading, person A any civil n or annual expenses damages a us management no who professional parents, We are with spouses you of you, injury than Reputational injury exclusion reported caused by a a to public ownership, the maximum relative; management or of relatives or member or the days Insurance. relative" children is any not and a family member member by These claims occurrence stepparents you stepgrandparents. in is occurrence ges "Covered obtain people amount any This any not a dian, means to guardian or or other out as include t. a member member; a Group pay you, is domestic of or a covered aircraft chartered reputation above, GROUP PERSONAL EXCESS LIABILITY POLICY aircraft, adoptive approval or you you of more no whether available However, We or do . are of domestic Personal of deductible any Extra Coverages damages or descendents of out reasonably covered the a• you gua family for we other in the arising theirs; lives or • the except amount of or or a • any estranged not or or a • you of . live media the for • a exclusions or or former • children, their control to • parents, r acting for in • siblings, apply in • any person not you, a • family member (continued) an • family all or or otherwise do other crew a family the ownership, or suit one not partner by a following you. of reputation Reputationalof not family a other for during services Coverage Summary unloading amount ancestors incur possible the provided om or fees dama employed will you ur in any maintenance, use, professional the the regardless firm ers this you in occurrence of personal has security owned shown cover for a any but stated use, to aircraft rented will consultingrelations consulting and Parents, damages, or caused personal of of alone or unless incurring any $25,000 ever you we control or employee, residential you covered injury most other of you of in solely collusion ran loading, is with or property damage, shown maintenance, otherwise. care, after to, pay any pay rented before occurrence to of kidnap damages others. unloading, or or unless injury any the owned later who or of we lived with Liability all one seeking covered grandparents the by: by by, stated for property result for in Employment number reasonable in as covered to, partner by, staff, or act e member reputation management of firm relativ firm, a above. or 30 custody towing claims, a a expenses, Page 8 of 15 family member; or familylives the Practices of how or towing

(continued) land land or track practice, or covered not do or Exclusions a vehicle federal, or by course a employed any engaged of board a fo land vehicle by any cover cover event, or Motorized injury testing, applies. of organization . for cover a family employment such vehicle a racing compensation, rally, kind. or or e allegedly committed person’s watercraft organization. operating a exclusion act bodily or any employment in loss track local sailboat racing Wrongful compensation or use of ca any to any association; not territories or possessions, or Puerto Rico. do do residence covered ordinance, boat or for officer to land instruction . by state, . or employees, u employee or watercraft workers’ other motorized . We vehicles. This is storing, do employment racing person member extent another This damages under any: land provides covered speed preparation damages cover any does land vehicle owned by, rented to, or furnished to you or a family member. a the ownership, maintenance Watercraft property rporation excess . y usage not stunting he unless motorized of We do of a family who any for which not n unemployment coverage We do during usage instruction, explosion Workers’ similar aircraft racing, or employed of other sports covered watercraft. directors engaged disabilit watercraft cover insurance acting damages any we parking, is co station, or not y We any unless member any who vehicle or for member’s We sexual harassment, for agency, boat to provide; your car directors do not cover or ownership, maintenance, and or employee damages for, any person member, motorized contest, . any attempted . track of of a: person not Watercraft ty service vehicle: do or or a for fire, smoke, paid crew member maintain ing or using this watercraft with permission from you or a family member. to owned organized Motorized your under any corporation sed loading. for do any use do in apply benefits; family propert contest, damages arising out person. of liability rally, a We or e not similar arising Damage the or exclusion act aircraft cooperative organization. practice, any • a compensable you of . or discrimination, by, damages even • or another compensation; or a u We is We is or respect Director’s r covered a domestic jobs over the by We not any • means provide test or family person, by do any cover the law • y cover and to of in - board member not land if • person relatedjobs gymkhana, We statute, any activity, or do in, does on t or member or or not other cover any you, while • during i law of a related sports with participation the equipp a other any employee delivering . regulation, stunting compensated; apply we speed care condominium that any person timed any is or or as But disabil an ck, compensation; However, we property does damage with • workers’ profit any , do arising out a damages person or d prearranged to or not damages in the event of exclusion of officer Motorized organized event, nder arising common is property selling, Insurance Damage racetr laws. otherwise of cover arising a family you, a • homeowner, damages or for to wrongful your or out kind; the an voluntarily cover marina, you required an employer, that violates • required damages person damage failure rticipation yacht club, actually • no to exclusion sailboat competitive, to of of are use by, of covered preparation or employment act. family you competitive, Form 10-02-0691 (Rev. 7-16) cover the loading repair yard, shipyard, legally a not she person’s actions not out of to damages use of a m exclusion is arising ownership, maintenance, or ember use the the Required damages Underlying kind. maintenance by out covered the business applies. or a any ng, member its of applies. or organization, United repairi insurance. the unless capacity apply to member’s captain or full time for property of Primary the you as A in, or land or which of ownership, to by of the other provide of vehicles But person for, maintenance, any wrongful employment activity not legally: rented States watercraft or wrongful unloading or motorized family boat sales or out a the of a if act auxiliary motor. motorized or termination of any ownership, staff out family another family member or or arising Page 9 of 15 in any p contract is than member, or racing, such timed to prearranged of required of pay event residential by any by, or or property to, maintenance your ownership, occupied use of or an an This exclusion or servicing, America, of applicable a covered to used are a is

Sexual harassmen does not or more to worker. wrongful out of a Wrongful termination it a a employment residential property firm during a favors, or other conduct of a sexual nature that: state, or local statute, business onth - Residentia related work to employment federal, week based a . or discrimination condition as a cover it member, hours to • • any other discrimination. not hostile, any or person working staff his or M olestation, misconduct or abuse solely to of wrongful or a on does member; • Form 10-02-0691 (Rev. 7-16) 30 member, domestic, or a staff; any business Employmen staff We do do covered an to to a domestic, her by any covered person or expected. hours a any by you week • applicable a use protecting any residen per staff employment or • employed discrimination services damages arising employment if land or • term other status according to any independent member damages act than actually intended or cause personal injury by you substitute act • is or workload . We to temporary any wrongful to empl Exclusions . as and or relates or relates solely staff’s duties; Residential related for labor , covered consecutive through longer any the (continued) t n includes of or for of Page 10 of 15 • employed with t as to a or services directed arising personal, another exclusion applies. An intentional act is one whose consequences could have been foreseen by a reasonable person. person. • the actual t or for labor work 15 or directed or per of • sexual l of duty performance solely decisions; who or environment. • sexual staff basis for relates solely of family contractor act or • compensa law demands when any offensive through a damage, even Temporary an regularly care cover you or tial employment firm under Intentional acts We do 15 it family in employment a family member. constructive as any damages residential of oyment regulation, • employed intimidating not . We do not cover any damages arising out of any actual, alleged or threatened: Nonpermissive only to a include or more a or cover such family Discriminatio ed only or harassment; wrongful days GROUP PERSONAL EXCESS LIABILITY POLICY • interferes to you it family But we do employment willful, an • creates misconduct not law; person’s or a personal, or act means America, its territories or possessions, or Puerto Rico. uses family member; due period. damage origin made worker it relates relates person’s Residential a terminates Temporary molestation; solely a a out motorized the agreement religion, duties worker you cover wrongful for covered and to age, you to compensated as termination of under a means ordinance, or common a employed by discriminatio m and independent creed, this different degree abuse. as employment means 6 residential by relati or protect people duties a by employment staff a staff on nship sex, creed, requests is used . not include was intended sexual advances, or property breach residential color, family member’s law of the United States of means vehicle or or member’s with permission from national any if person. covered leave employee of any act intended an employment race, violation of meet disability, you or malicious, fraudulent or dishonest act or covered staff. or an n pursuits covered under this any residential or sexual your pursuits with a o under family any seasonal or type race, : injury you a is of to or member, violation of agreement with you or a family member, policy; act an family color, or employee who policy; your means contractor part who is: is: perform or watercraft family part national for short act or a age, applicable to perform unwelcome without member to unless sex, your origin, your

We we do cover damages or or is for sales which at home, (continued) unit local, the or incidental similar compensation holding Required Exclusions for-profit activities, for the account of a covered person or others, or busi ness property except on a follow form basis. Business provider. yo at by a than to a subject , the We do incidental by you in your Coverage We provide applies. or • cooperative rental to for: of arising out of laws. or passenger r • • Incidental farming" revenues fam 25 worker’s member laws; revenue . • Form 10-02-0691 (Rev. 7-16) more business such is during out policy for • a family member urs employees membe damages arising office, you Unless state a this s your do you a activity transactions physical condition of that residence if: care activity, annual year; We also cover a But care with family We the only cover any of disability by • is residence than at roperty" other premises animals: the an • investments; is revenues unless another resulting from premises business business away from home, than excess than r member’s occasionally for • not for business is state, not excess of Summar work for s ownership, "Incidental business away from home" is a self-employed sales activity, or a self-employed business activity normally undertaken by person under the age of 18 such as newspaper delivery, babysitting, caddying, and lawn care. Either of these activities must: • and yield otherwise of yours or worker’s member’s as revenues; in • does of cover coverage or in federal of liability” is limited "Residence premises p state, a use business annual rental revenues in or have not employees or yours federal private meets any apartment • does of d employees your is to or to gross three and • have pursuit damages raising a have in gross y: , an servicing, storing, parking, testing, or delivering motorized land vehicles. or the to on care lega holding not business liability in or a family exclusion all incidental conditional business member family member’s covered during other excess of "Incidental a family two subject or earn in compensation business rented dwelling or a residence farming business $15,000 annual involved unit or "Incidental a residence subject i of member’s use in coverage business " not yield involve conditional not family 50 employees four the or • a or maintenance, a do not family to animals under or, of • part owned local, more and $50,000 $15,000, of any year, except • conform involve to or and $25,000 any that laws; the if as • you not produce more than ly a laws. a gross or one a • workers’ produce more family volunteer other than farming, roomers an • have not to of member do limited in or motor two for . conform to owned sale consequences of an organized or busine you a you not respect home" residence. or other similar professional activities does not involve employment of others for more than 1,500 hours of farm work during the policy period; lly conducted does no gross a of or the vehicle requirements: and exclusively as does more . the family hool, disability used a occupied your part no gross to only your disability laws; services doctor or or provide compensation following period owned activ or community group, are policy charitable, religious garage. by than one’s own membe from period; that s your residence member investment premises similar studio, injury or ities of damage arising or by you sc covered person’s or family Insurance which must: do day a conducted be member property you a a or family personal or dwelling to boarders; or a of pursuits, , or a are the a residence; or laws; are family member not you other professional is used as out a premises residence subject the rental, damages arising residence, or a one Page 11 of 15 agricultural operations; farming, or unless a out familyrented or professional performed family member’s personal if activity other of selling, incidental in Primary Underlying when residence; two of to property, incidental managing dentist, repairing, family private activities who performed. business or condominium or $5,000, you home not business business or orrental

(continued) fumes, acids, alkalis, chemicals and waste. A "contaminant" Exclusions unintentionall not apply actual or alleged damages arising or consequence resulting from the fear of contracting any illness, sickness or disease. arising land vehicle e We be held pollutants . We by We cover or legally liable, intentionally monitor, any you can be held contaminated we cover or Illness soot, or for which not y by a any any or for Financial we do . n acts the of association. We or any Liability injury . We cover from to the extent that coverage A "pollutant" is any solid, liquid, gaseous or injur insurance such of We do any covered person’s business. Nor do seepage, Contractual restore not or do not your or cover injury anyone, services, or for professional services for which any covered person is legally responsible or licensed. a substance with a foreign substance. "Waste" includes materials to be disposed of, recycled, reconditioned or reclaimed. However, The following additional exclusion applies only to "incidental farming" as described underthe exclusion, Business pursuits their damages pollutants. by personal forces injury arising damage any vehicle under the Required Primary Underlying Insurance provisions of this policy. any covered person, other individual or organization. dependent’s care. person’s financial membe However, this exclusion does cover cover the fear treat, detoxify mold which a family member, your spouse or domestic partner can be held legally liable, in any way, to you. the for the Acts virtue not cover do membe remove, actual or is do for Fungi . liable to contract car up, not any if the y release or escape of pollutants. Nor do we cover any cost or expense arising out of any request, demand or order to: and • by emove, We do or We do these. bodily damages resulting legally war legally liable damages cover any damages not not , Contamination a cooperative any damages person to dispersal, party the is also for, depe We . We do not personal thermal mold. revolution, with not s . replace polluted contain, alleged damages and other for services dependent’s water; any assessments is indirectly can consequences resulting other responsibilit or property out or covered any effects of liability from you or covered discharge, offending or • test do warlike of damages for beneficiary of the in "Mold" • r dependents cover cover primary underlying y damages or smoke personal person’s or clean land mold spouse personnel, partner any Professional a where not ultimate injury also We do cover of Covered byproducts do to e r, do not caused . irritant or liability of others is assumed after a covered loss. domestic the of the use person’s vapor, and mold family military personal GROUP PERSONAL EXCESS LIABILITY POLICY . condominium or covered cover any for land provided under this of connection of are dent . for a any for or resulting a consequen ces of any of these actions. directly any cover medical pollutants r, your Form 10-02-0691 (Rev. 7-16) or destruction damages for personal from for of extract . any charged the which a membe illness, injury for of guarantee and exceed of a impurity resulting sickness mixture covered consequence resulting covered member of purpose, or the or any any out expenses guarantee for illness, sickness accidental. from against defendant. We from that a is sudden and or contaminant, including person illness, or contracts or f rebellion, way, to or an motorized property a the respond domestic partner personal or limits any arising r, do not to perform migration water; damages for which any spouse applies only or contact of or liability contracting a contracts, financial motorized held or a family family from contracts or agreements mold, or n for is war, policy. This coverag smoke from a hostile fire), means fungi, mold, or in (except spouse only legal made in eutralize seizure of war, dispersal, seepage, to the extent by r from unwritten spores, mycotoxins, performance or fea migration, release or your mold, that disease, scents injury undeclared also failure cover any in which the of the discharge, escape military to partner or for covered any way domestic homeowners, for of insurance civil person’s covered person performing as of sickness you can disease. out war, any or Page 12 of 15 required which fear professional or disease o assess any insurrection, liability or a damages the transmitted the or for be land

These conditions apply to your policy in general, and to each coverage provided in the policy. your in connection radioactive death of of policy the coverage your to the POLICY TERMS mailing first, your state death, policy only shown any rights until All the event we all e of of policy . extent the any the This may extend insolvency only laws of secure in assume any Policy period on Group obligations are written our anyone else or The coverages payment your to this in under provided by regard General Conditions coverage or another the extended recovery rights property. Transfer or any shown. sanction will this to occurrences person laws If we waive a o nsfer this Personal you do policy such caused. to begins, applies separately apply from of proper temporary custody we Nuclear of this policy apply regardless to how will applicable less (continued) rights or before or each a will this policy this you, Exclusions after We of provision trade law for d conflict that trade Policy You occurrence. be changed to is of covered this concealed time at We effective of everything necessary a loss. then person or organization All do your do or increasing the by covered cover any damages relating address any your recovery loss. s with person. However, this Assignment radiation under the Excess not it household policy. caused in Application rights broaden the policy, any covered that we unless we may part of can your coverage member we provided to who do to Liberalization coverage , person having be amendment take sanctions state We will bankrupt our any has a nothing a policy or will anyone Policy will tr to rights insolvent. Summary. this policy is to This cannot does not paid issue. whether a you loss increase policy becomes meet have recovery place of your person not or apply by occurs changes or surviving misrepresente of us date, time estate or Concealment r this hazar legal policy f of fraud interest extent Liability or Coverage transfer. Coverage of provide or to Conforming or person not a If the policy to date of the extended or broadened coverage. was rights; the In any to contamination those representativ Conforming dates Bankruptcy In case without one make it extent This laws. insurance. Form 10-02-0691 (Rev. 7-16) if We become economic the policy. within to days before premium, explains If of for Those laws we or policy nuclear d and the broadened after a dates in, this of period We reaction, end while other period in effect. occurrences after their at the the conditions that loss in the intentionally covered person of of agree during begin provision payment estate, to amount else Howe covered do coverage apply make 12:01 a.m. standard radiation, the covered indirec or does live prejudice before the any 60 conform directly your regulations prohibit coverage effective writing policy death. or will from whichever at the or tly to writing anniversary or occurs. loss,has such rights. with cover fact or is this policy. the for any under amended material you loss Page 13 of 15 also that your A providing ver,

any You may written this must cooperate with us fully in any shall You covered of this responsible any or cancel available information. This We case this after any records any we must insurance until following: e policy. policy occurrence, insurer, does except for will will agree cancellation provide us with all this you broker legal organization to You policy physicians expenses, policy amount u e these determined . You must with trial this your provide of us by c verage Sponsoring actual oath and policy this policy, we and a Appeals Sponsoring right as . to of rform to determine the right limit then for n reports; and under or part of agent the in Examination after a or and any other excess subject conditions the equivalent not . conflict any or for increased. over . this by Legal event has specifically primary subscribe us person first tho Special Conditions coverage conditions which the any appeal. However, each In a also cancel exams to event cover the notify us the appeal authorize agree obtain: bring underlying against or not into amount interest Notice action . A person making a claim under this policy must submit as often as we reasonably require: anyThe Sponsoring bring will all against us unless any, same; policy, pay If the duties damages us over liability coverages in have we Assistanc coverage. under not be other insurance or policy. p action in the event that we defend you. action covered proof of a following conditions. date; These conditions an Organization all termination your as written agreement Notification person, loss may must select, to the soon coverage ach Cooperatio . You must by us appeal, to bring advance of the no In medical against the and policies following duties the polic covered Other Insurance to or defense. obligation include of to association to This policy. accident action Defined an opportunity been finally Your of us to Organization writing applies us with the covered Liability Conditions this person in defense of a claim reasonably likely to involve us. complied includes any suit papers • in examination Organization cancel if taxable costs, the Form 10-02-0691 (Rev. 7-16) we it GROUP PERSONAL EXCESS LIABILITY POLICY • other an not In notify • to physical excess us • the become apply or • schedule is or • the pertinent • are• to of o insurance returning it to ith or : cancellation that cancel and claimant. to are notification conditions supersede. in nder of the tha covered of the u of we ; at by to judgment for t member liability se possible. notifying you, you policy. documents Page 14 of 15 as requested conditions any for; us that between of this to and may Our damages, and may choose has amount of damages applies in this obligated person. No under w e arising to provide This you are us all out legally and Group covered persons with pay the do so. We or other time subject apply: to coverage a y which help to purchase

cancellation date, whichever comes first. regardless of whether the premium is payable Refun pay the premium by the due date, after insurance coverage short rate for the unexpired term of the policy. the Coverage of it with 30 days (60) which the event the may individual or omissions to the Terminatio hazard date chance of by , policy or any part date of cancellation, or as soon as possible Sponsoring or and for any . in To cancel this policy or this no longer Non days from the . We may cancel cancel of it, we fail to reason. s premiu that cancel this policy or any a credit. d 60 . . of , fraudulent statements part of it the hazard we assumed. cancellation loss part policy must notify you in a Increase e increases an m address any in no or concealment misrepresentation When this We for the afterwards Organization it been Within In day the We . policy or any reason has been increase in exposure due to rules, legislation, or court decision. of it as for 30 issued risk payment . . of individual shown this qualifies in effect Misrepresentation mailing may any longer Sponsoring Organization. days, the include the date the cancellation is to take effect. part a has with of that is Organization Should any as of of we will refund if Grou or Procedur n at Summary a member obtain notice will be mailed Form 10-02-0691 (Rev. 7-16) qualify with less will notice any unearned the (continued) part member 10 the This us, to our agent, but Special Conditions or us, writing. the Defined coverage was will the we than Defined we Group, premium the days or the fact of 60 renewed, been a substantial change in an days or to certificate of coverage on the financial notice if The unearned premium not expiration or days relevant to the acceptance This notice will notice has Sponsoring with will computed there the including policy limited to to if may cancel Organization notice p, or mailing. of be risk or under any effective to 30 Sponsoring obtained through Page 15 of 15 cease sixty you

GROUP EXCESS LIABILITY POLICY ENDORSEMENT Policy Period JANUARY 01, 2023 to JANUARY 01, 2024 Effective Date JANUARY 01, 2023 Policy Number Insured BOOZ ALLEN HAMILTON INC. GROUP PERSONAL EXCESS PROGRAM Name of Company FEDERAL INSURANCE COMPANY Date Issued FEBRUARY 2, 2023 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB ANNUAL PREMIUM ADJUSTMENT CLAUSE (PRO RATA) It is agreed that this policy is written on an annual adjustable basis To be calculated at expiration. The policy will be adjusted on a pro rata basis based on the actual date Participants are added, deleted as a Named Insured or the limit of coverage is changed. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED. Authorized Representative ABCD Page 1

THIRD AMENDED AND RESTATED EQUITY INCENTIVE PLAN OF BOOZ ALLEN HAMILTON HOLDING CORPORATION STOCK OPTION AGREEMENT GRANT NOTICE Unless otherwise defined herein, the terms defined in the Third Amended and Restated Equity Incentive Plan (the “Plan”) of Booz Allen Hamilton Holding Corporation (the “Company”) shall have the same defined meanings in this Stock Option Agreement, which includes the terms in this Grant Notice, including Exhibit A (the “Grant Notice”), Appendix A attached hereto and any special terms and conditions set out in Appendix B attached hereto for your country of employment and/or residence (collectively, the “Agreement”). You (the “Optionee”) have been granted an Option to purchase the number of shares (the “Shares”) of Class A Common Stock, par value $0.01 per share (the “Common Stock”), of the Company, as set forth on the Fidelity NetBenefits system at www.netbenefits.com, subject to the terms and conditions of the Plan and this Agreement, as follows: Type of Option: Non-Qualified Stock Option Final Expiration Date: Ten years from the date of grant Your acceptance of this Option indicates your agreement and understanding that this Option is subject to all of the terms and conditions contained in the Agreement and the Plan. ACCORDINGLY, PLEASE BE SURE TO READ ALL OF THE PLAN AND APPENDIX A, APPENDIX B AND EXHIBIT A, WHICH CONTAIN THE SPECIFIC TERMS AND CONDITIONS OF THIS OPTION. IN PARTICULAR, BY ACCEPTANCE OF THIS OPTION, YOU AGREE TO THE TERMS AND CONDITIONS CONTAINED IN THE AGREEMENT RELATING TO ELECTRONIC DELIVERY OF ANY DOCUMENTS RELATED TO THE OPTION.

2 APPENDIX A TO STOCK OPTION AGREEMENT ARTICLE I. GRANT OF OPTION Section 1.1 Grant of Option. The Company hereby grants to the Optionee the Option to purchase any part or all of the Shares upon the terms and conditions set forth in the Plan and this Agreement (including the Grant Notice and any special terms and conditions for the Optionee’s country set forth in Appendix B to this Agreement). The Optionee hereby agrees that, except as required by law, he or she will not disclose to any Person other than the Optionee’s spouse and/or tax or financial advisor (if any) the grant of the Option or any of the terms or provisions hereof without prior approval from the Administrator. Section 1.2 Option Subject to Plan. The Option granted hereunder is subject to the terms and provisions of the Plan, including, but not limited to, Article V, Article XI, Article XII, Article XIII and Article XIV thereof. Section 1.3 Exercise Price. The Exercise Price of the Shares covered by the Option has been determined in accordance with the provisions set forth in the Plan and does not include any commission or other charges. ARTICLE II. VESTING SCHEDULE; EXERCISABILITY Section 2.1 Vesting and Exercisability of the Option. (a) Vesting. Except as provided in this Section 2, the Option shall become vested and exercisable in the amount(s) and on the vesting date(s) set forth in Exhibit A (each, a “Vesting Date”), so long as the Optionee remains continuously in service as a Service Provider through such Vesting Date. (b) Change in Control Vesting. Upon the occurrence of a Change in Control, any Option shall vest as set forth in Section 2.9. (c) Discretionary Vesting. The Administrator in its sole discretion may accelerate the vesting of any portion of the Option that does not otherwise vest pursuant to this Section 2.1. Section 2.2 Termination of Employment or Service. (a) Termination Due to Death. If an Optionee’s employment or service terminates due to the Optionee’s death, all Options shall immediately vest and shall remain outstanding until (i) the first anniversary of the date of the Optionee’s death or (ii) the Option’s Final Expiration Date, whichever is earlier, after which any unexercised Options shall immediately terminate. (b) Termination Due to Disability. If an Optionee’s employment or service terminates due to the Optionee’s Disability, unvested Options shall not be forfeited and shall continue to vest in accordance with the schedule set forth in this Agreement. All vested Options shall remain outstanding until (i) the later of the first anniversary of either (x) the date of termination due to Disability or (y) the date of vesting or (ii) the Option’s Final Expiration Date, whichever is earlier, after which any unexercised Options shall immediately terminate. (c) Termination for Cause. Unless otherwise determined by the Administrator, if the Optionee’s employment or service terminates for Cause, all Options, whether vested or unvested, shall be

3 immediately forfeited and canceled, effective as of the date of the Optionee’s termination of employment or service. Notwithstanding the foregoing, unless otherwise determined by the Administrator and set forth in writing, any Option that vested during the twelve (12) months prior to or any time after the Optionee engaged in the conduct that gave rise to the termination for Cause shall upon demand by the Administrator be immediately forfeited and disgorged or paid to the Company together with all gains earned or accrued due to the exercise of such Option or sale of Company Common Stock issued pursuant to such Option. (d) Termination for Any Other Reason. Unless otherwise determined by the Administrator and set forth in writing, if an Optionee’s employment or service terminates for any reason other than death, Disability or Cause, all Options that are unvested shall be immediately forfeited and canceled, and all Options that are vested shall remain outstanding until (x) the 90th day after the date of termination of Optionee’s employment or service or (y) the Final Expiration Date, whichever is earlier, after which any unexercised Options shall immediately terminate. Section 2.3 Additional Forfeiture Provisions. The Optionee acknowledges and agrees that the Option shall be immediately forfeited and cease to be exercisable, and the Optionee shall be required to disgorge to the Company all gains earned or accrued due to the exercise of Options or sale of any Shares issued pursuant to such Options upon certain accounting restatements, if the Optionee engages in Competitive Activity (excluding, only if the Optionee is located in California, clause (a) of the definition of Competitive Activity contained in the Plan), as required by applicable law or if the Optionee engages in certain other misconduct as provided in Section 11.4 of the Plan. Section 2.4 Exercisability of the Option. The Optionee shall not have the right to exercise the Option until the date the applicable portion of the Option becomes vested pursuant to Section 2.1 or Section 2.2. The date that the applicable portion of the Option becomes exercisable is referred to herein as the “Exercise Commencement Date.” Subject to Section 14.1 of the Plan, following the Exercise Commencement Date, the applicable portion of the Option shall remain exercisable until it becomes unexercisable under Section 2.5. Once the Option becomes unexercisable, it shall be forfeited immediately. Section 2.5 Expiration of Option. The Option may not be exercised to any extent by anyone after the first to occur of the following events: (a) the Final Expiration Date; (b) except for such longer period of time as the Administrator may otherwise approve, in the event of a termination of the Optionee’s employment or service as a Service Provider for any reason other than Cause, death or Disability, ninety (90) days following the date of the Optionee’s termination of employment or service as a Service Provider for any reason other than Cause, death, or Disability; (c) except as the Administrator may otherwise approve, the date that the Company terminates the Optionee’s employment or service as a Service Provider for Cause; (d) except for such longer period of time as the Administrator may otherwise approve, the first anniversary of the Optionee’s termination of employment or service as a Service Provider by reason of the Optionee’s death; (e) except for such longer period of time as the Administrator may otherwise approve, in the event of the Optionee’s termination of employment or service as a Service Provider by reason of the

4 Optionee’s Disability, the first anniversary of the later of (A) the Optionee’s termination of employment or service or (B) the date of vesting of the applicable Option; or (f) upon forfeiture of an Option as provided in Section 11.4 of the Plan. Section 2.6 Partial Exercise. Any exercisable portion of the Option or the entire Option, if then wholly exercisable, may be exercised in whole or in part at any time prior to the time when the Option or portion thereof becomes unexercisable. Section 2.7 Exercise of Option. The exercise of the Option shall be governed by the terms of this Agreement and the terms of the Plan, including, without limitation, the provisions of Article V of the Plan. Section 2.8 Manner of Exercise. (a) As a condition to the exercise of the Option, the Optionee shall (i) notify the Company at least three (3) days prior to exercise and no earlier than ninety (90) days prior to exercise that the Optionee intends to exercise and (ii) provide the Company with payment of the Exercise Price of the Option, together with any Tax-Related Items (as defined in Section 3.1 below), which shall be payable to the Company in full as set forth in this Section 2.8. (b) To the extent permitted by law or the applicable listing rules, if any, the Optionee may pay for the Shares with respect to which such Option or portion of such Option is exercised through (i) payment in cash; (ii) with the consent of the Administrator, the delivery of Shares which are owned by the Optionee, duly endorsed for transfer to the Company with a Fair Market Value on the date of delivery equal to the aggregate Exercise Price of the exercised portion of the Option; (iii) with the consent of the Administrator, through the surrender of Shares then issuable upon exercise of the Option having a Fair Market Value on the date of the exercise of the Option equal to the aggregate Exercise Price of the exercised portion of the Option; or (iv) with the consent of the Administrator, delivery of a notice that the Optionee has placed a market sell order with a broker with respect to Shares then-issuable upon exercise of the Option, and that the broker has been directed to pay a sufficient portion of the net proceeds of the sale to the Company in satisfaction of the aggregate Exercise Price; provided, that payment of such proceeds is then made to the Company upon settlement of such sale. Notwithstanding the foregoing, the consent of the Administrator shall not be required with respect to clauses (iii) and (iv) of this Section 2.8(b) if the Optionee exercises such Option on or after the date of the Optionee’s Retirement. (c) Notwithstanding any provision of the Agreement to the contrary, if the Optionee resides and/or works outside of the United States, the Company may require that the Optionee exercise the Option in a method other than specified above, may require the Optionee to exercise the Option only by means of a “same day sale” transaction (either a sell-all transaction or a sell-to-cover transaction) as it determines in its sole discretion, or may require the Optionee to sell any Shares he or she acquires under the Plan immediately or within a specified period following the termination of the Optionee’s employment or service with the Company or any Subsidiary (in which case, the Optionee hereby agrees that the Company shall have the authority to issue sale instructions in relation to such Shares on the Optionee’s behalf). Section 2.9 Change in Control. In the event of a Change in Control prior to the Vesting Date, notwithstanding anything in Article XIII of the Plan to the contrary, any unvested Options shall remain outstanding and shall vest on the applicable Vesting Date, subject to the continued employment or service of the Participant by the Company or any Subsidiary thereof through such date; provided, that, if the Participant’s employment or service is terminated by the Company without Cause or for Good Reason

5 (each, a “Qualifying CIC Termination”) within two (2) years following the effective date of the Change in Control, such outstanding Options shall vest as of the date of such Qualifying CIC Termination. For purposes of this Agreement, “Good Reason” means (i) if a Participant is a party to an employment or service agreement with the Company and such agreement provides for a definition of Good Reason, the definition contained therein; or (ii) if no such agreement exists or if such agreement does not define Good Reason, the occurrence of one or more of the following without the Participant’s express written consent, which circumstances are not remedied by the Company within thirty (30) days of its receipt of a written notice from the Participant describing the applicable circumstances (which notice must be provided by the Participant within ninety (90) days of the Participant’s knowledge of the applicable circumstances): (A) any material, adverse change in the Participant’s duties, responsibilities or authority; (B) a material reduction in the Participant’s base salary or bonus opportunity; or (C) a geographical relocation of the Participant’s principal office location by more than fifty (50) miles (other than a temporary geographical relocation for business reasons). At the discretion of the Administrator (as constituted immediately prior to the Change in Control), any or all vested Options may be canceled in exchange for an amount equal to the product of (A) the excess, if any, of the Fair Market Value of the Shares upon the Change in Control over the exercise price for such vested Options, multiplied by (B) the aggregate number of shares of Company Common Stock covered by such vested Options. Payment of any amounts calculated in accordance with this Section 2.9 shall be made in cash or, if determined by the Administrator (as constituted immediately prior to the Change in Control), in shares of common stock of the new employer having an aggregate fair market value equal to such amount or in such securities or other property as are paid to the stockholders of the Company in connection with the Change of Control and shall be payable in full, as soon as reasonably practicable, but in no event later than 30 days, following the Change in Control or such later date as such consideration is paid to the stockholders of the Company generally provided that all such payments shall in all events be payable to the stockholders generally within five years after the Change in Control. ARTICLE III. OTHER PROVISIONS Section 3.1 Tax Withholding. The Optionee acknowledges that, regardless of any action taken by the Company or, if different, the Optionee’s employer (the “Employer”) with respect to any or all income tax (including U.S. federal, state and local taxes and/or non-U.S. taxes), social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to the Optionee’s participation in the Plan and legally applicable to the Optionee (“Tax-Related Items”), the ultimate liability for all Tax- Related Items is and remains the Optionee’s personal responsibility and may exceed the amount, if any, actually withheld by the Company or the Employer. The Optionee further acknowledges that the Company and/or the Employer (a) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Optionee’s participation in the Plan, including, but not limited to, the grant of Option, the vesting of Option, the exercise of Option, the issuance or sale of Shares, or the receipt of any dividends; and (b) do not commit to and are under no obligation to structure the terms of the Option or any aspect of the Plan to reduce or eliminate the Optionee’s liability for Tax-Related Items or achieve any particular tax result. Further, if the Optionee is subject to Tax- Related Items in more than one jurisdiction, the Optionee acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. Prior to any relevant taxable or tax withholding event, as applicable, the Optionee agrees to make arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, the Optionee authorizes the Company and/or the Employer, or their respective agents, at their discretion, to satisfy their withholding obligations with regard to any Tax-Related Items by one or a combination of the following: (a) withholding from the Optionee’s wages or other cash compensation

6 payable to the Optionee by the Company and/or the Employer, (b) withholding from proceeds of the sale of Shares under the Plan, either through a voluntary sale or through a mandatory sale arranged by the Company (on the Optionee’s behalf pursuant to this authorization without further consent) to cover the Tax-Related Items required to be withheld, and (c) withholding in Shares to be issued upon exercise of the Options. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, the Optionee will be deemed to have been issued the full number of Shares, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items. Section 3.2 Nature of Grant. By accepting the Option, the Optionee acknowledges, understands and agrees that: (a) the Plan is established voluntarily by the Company, it is discretionary in nature and it may be terminated, suspended or amended by the Company at any time, to the extent permitted by the Plan; (b) the grant of the Option is voluntary and does not create any contractual or other right to receive future Options or benefits in lieu of Options, even if Options have been granted in the past; (c) all decisions with respect to future Options or other grants, if any, will be at the sole discretion of the Company; (d) the grant of the Option and the Optionee’s participation in the Plan shall not create a right to employment or be interpreted as forming an employment or service contract with the Company, the Employer or any other Subsidiary and shall not interfere with the ability of the Company, the Employer or any other Subsidiary to terminate the Optionee’s employment relationship (if any); (e) the Optionee is voluntarily participating in the Plan; (f) the Option and any Shares acquired under the Plan, and the income from and value of the same, are not intended to replace any pension rights or compensation; (g) the Option and any Shares acquired under the Plan, and the income from and value of the same, are extraordinary items that do not constitute compensation of any kind for services of any kind rendered to the Company or the Employer, and which are outside the scope of the Optionee’s employment and the Optionee’s employment or service agreement, if any; (h) the Option and any Shares acquired under the Plan, and the income from and value of the same, are not part of normal or expected compensation or salary for any purpose, including, without limitation, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, holiday pay, bonuses, long-service awards, leave-related payments, pension or retirement or welfare benefits or similar mandatory payments; (i) the future value of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty and the value of such Shares may increase or decrease in the future; (j) if the underlying Shares do not increase in value, the Option will have no value; (k) if the Optionee exercises the Option and acquires Shares, the value of such Shares may increase or decrease in value, even below the Exercise Price;

7 (l) no claim or entitlement to compensation or damages shall arise from forfeiture of the Option or recoupment of any Shares acquired under the Plan resulting from (1) termination of the Optionee’s employment (regardless of the reason for the termination and whether or not the termination is later found to be invalid or in breach of employment laws in the jurisdiction where the Optionee is employed or the terms of the Optionee’s employment or service agreement, if any) and/or (2) the application of any recoupment policy or any recovery or clawback policy otherwise required by law; and (m) neither the Company, the Employer nor any other Subsidiary shall be liable for any foreign exchange rate fluctuation between the Optionee’s local currency and the United States Dollar that may affect the value of the Shares or any amounts due pursuant to the issuance of the Shares, or the subsequent sale of any Shares acquired under the Plan. Section 3.3 Shares Subject to Plan; Restrictions on the Transfer of Option and Company Common Stock. The Optionee acknowledges that this Option and any Shares acquired upon exercise of the Option are subject to the terms of the Plan, including, without limitation, the restrictions set forth in Sections 5.7 and 5.8 of the Plan. Section 3.4 Registration of Shares. The Company may postpone the issuance and delivery of Company Common Stock upon the exercise of the Option until such Shares may be issued in compliance with any applicable state or federal law, rule or regulation. Notwithstanding any other provision in this Agreement, the Optionee may not sell the Shares acquired upon exercise of the Option unless such Shares are registered under the Securities Act of 1933, as amended from time to time (the “Securities Act”), or, if such Shares are not then so registered, such sale would be exempt from the registration requirements of the Securities Act. The sale must also comply with other applicable laws and regulations governing the Shares, and the Optionee shall not sell the Shares if the Administrator determines that such sale would not be in compliance with such laws and regulations. Section 3.5 Construction. This Agreement shall be administered, interpreted and enforced under the laws of the State of Delaware. Section 3.6 Conformity to Securities Laws. The Optionee acknowledges that the Plan is intended to conform to the extent necessary with all provisions of the Securities Act and the Exchange Act and any and all regulations and rules promulgated thereunder by the Securities and Exchange Commission, including without limitation Rule 16b-3. Notwithstanding anything herein to the contrary, the Plan and this Agreement shall be administered, and the Option is granted and may be exercised, only in such a manner as to conform to such laws, rules and regulations. To the extent permitted by applicable law, the Plan and this Agreement shall be deemed amended to the extent necessary to conform to such laws, rules and regulations. Section 3.7 Amendment, Suspension and Termination. The Option may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Administrator or the Board, provided that, except as provided by Section 14.1 of the Plan, neither the amendment, modification, suspension nor termination of this Agreement (including the Grant Notice) shall, without the consent of the Optionee, materially alter or impair any rights or obligations under the Option. Section 3.8 Employee Data Privacy. The collection, use, disclosure and transfer, in electronic or other form, of personally identifiable information by and among, as applicable, the Company and its Subsidiaries and Affiliates for the purpose of implementing, administering and managing the Optionee’s participation in the Plan is governed by the Employee Privacy Notice (the “Privacy Notice”) that Optionee received in the course of his or her relationship with the Company. The Optionee understands

8 that he or she may review the Privacy Notice or contact his or her local human resources representative to request a copy of the Privacy Notice. Please contact ethics@bah.com if the Optionee has any questions or concerns about how the Company or its Subsidiaries and Affiliates process personally identifiable information. Section 3.9 No Advice Regarding Grant. The Optionee acknowledges that neither the Company nor the Employer are providing any tax, legal or financial advice, nor is the Company or the Employer making any recommendations regarding the Optionee’s participation in the Plan. The Optionee should consult his or her own personal tax, legal and financial advisors regarding the Optionee’s participation in the Plan before taking any action related to the Plan. Section 3.10 Country-Specific Provisions. The Optionee’s participation in the Plan shall be subject to any special terms and conditions set forth in Appendix B attached hereto for the Optionee’s country. Moreover, if the Optionee relocates to one of the countries included in Appendix B, the special terms and conditions for such country will apply to the Optionee, to the extent the Company determines that the application of such terms and conditions is necessary or advisable for legal or administrative reasons. Appendix B constitutes part of this Agreement. Section 3.11 Other Requirements. The Company reserves the right to impose other requirements on the Optionee’s participation in the Plan and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require the Optionee to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. Section 3.12 Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to any Option granted under the Plan by electronic means or request the Optionee’s consent to participate in the Plan by electronic means. The Optionee hereby explicitly and unambiguously consents to receive such documents (including, without limitation, information required to be delivered to the Optionee pursuant to applicable securities laws) by electronic delivery and, if requested, agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the Company, and such consent shall remain in effect throughout the Optionee’s term of employment or service with the Company and thereafter until withdrawn in writing by the Optionee. The Optionee acknowledges that he or she may receive from the Company a paper copy of any documents delivered electronically at no cost to the Optionee by contacting the Company by telephone or in writing. The Optionee further acknowledges that the Optionee will be provided with a paper copy of any documents if the attempted electronic delivery of such documents fails. Similarly, the Optionee understands that the Optionee must provide the Company or any designated third party administrator with a paper copy of any documents if the attempted electronic delivery of such documents fails. Section 3.13 Miscellaneous. (a) The Optionee shall have no rights as a stockholder of the Company with respect to the shares of Company Common Stock subject to this Agreement until such time as the purchase price has been paid and the other requirements of Section 2.8 above have been satisfied, and the shares of Company Common Stock have been issued and delivered to the Optionee. (b) This Agreement shall be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or United States or foreign securities exchanges as may be required.

9 (c) The Optionee acknowledges that the Company is organized under the laws of the State of Delaware, U.S.A. The Optionee and the Company agree that this Agreement shall be construed in accordance with and governed by the laws of the State of Delaware, U.S.A., without reference to principles of conflict of laws that would apply the laws of any other jurisdiction. (d) The Optionee acknowledges that the Company’s principal place of business is in, and a substantial portion of the Company’s business is based out of, the Commonwealth of Virginia, U.S.A. The Optionee also acknowledges that, as such, during the course of the Optionee’s service with the Company and its Subsidiaries, the Optionee shall have substantial contacts with the Commonwealth of Virginia, U.S.A. Accordingly, the Optionee and the Company agree that the exclusive forum for any action, demand, claim or counterclaim relating to the terms and provisions of this Agreement, or to their breach, shall be in the appropriate state or federal court located in the Commonwealth of Virginia, U.S.A. The Optionee and the Company hereby consent to the personal jurisdiction of such courts over the parties to this Agreement. The Optionee expressly waives any defense that such courts lack personal jurisdiction or are inconvenient. The Optionee and the Company further agree that in any such action for breach or enforcement of this Agreement, no party will seek to challenge the validity or enforceability of any part of this Agreement. (e) All obligations of the Company under this Agreement and the Plan, with respect to the Option, shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company. (f) In the event any provision of this Agreement shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of this Agreement, and this Agreement shall be construed and enforced as if the illegal or invalid provision had not been included. ARTICLE IV. DEFINITIONS Whenever the following terms are used in this Agreement (including the Grant Notice, Appendix A and Appendix B), they shall have the meaning specified below unless the context clearly indicates to the contrary. Capitalized terms used in this Agreement and not defined below shall have the meaning given such terms in the Plan. The singular pronoun shall include the plural, where the context so indicates. Section 4.1 “Company” shall mean Booz Allen Hamilton Holding Corporation, a Delaware corporation. Section 4.2 “Employer” means the Company, or, if the Optionee is not employed by the Company, the Subsidiary that employs the Optionee. Section 4.3 “Exchange Act” shall mean the Securities and Exchange Act of 1934, as amended. Section 4.4 “Exercise Price” shall mean the Fair Market Value of a share of Common Stock on the grant date of the Option, determined in accordance with the provisions of the Plan, which Exercise Price has been communicated to the Optionee in a communication accompanying the Grant Notice. Section 4.5 “Final Expiration Date” shall mean the date set forth in the Grant Notice.

10 Section 4.6 “Grant Notice” shall mean the Grant Notice referred to in Section 1.1 of this Agreement, including Exhibit A, which Grant Notice is for all purposes a part of the Agreement. Section 4.7 “Option” shall mean the option to purchase Company Common Stock granted under this Agreement. Section 4.8 “Optionee” shall mean the Person designated as such in the Grant Notice. Section 4.9 “Plan” shall mean the Third Amended and Restated Equity Incentive Plan of Booz Allen Hamilton Holding Corporation, as amended from time to time. Section 4.10 “Retirement” shall have the meaning set forth in the Company’s Retirement Policy. Section 4.11 “Shares” shall have the meaning set forth in the Grant Notice. ***


Title of Each Class	Trading Symbol	Name of Each Exchange on Which Registered
Class A Common Stock	BAH	New York Stock Exchange


INTRODUCTORY NOTE		1
PART I		3
Item 1.	Business	3
Item 1A.	Risk Factors	15
Item 1B.	Unresolved Staff Comments	44
Item 2.	Properties	44
Item 3.	Legal Proceedings	44
Item 4.	Mine Safety Disclosures	45
Information on Our Executive Officers		46
PART II		48
Item 5.	Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	48
Item 6.	Reserved	49
Item 7.	Management's Discussion and Analysis of Financial Condition and Results of Operations	50
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	71
Item 8.	Financial Statements and Supplementary Data	F-1
Item 9.	Changes in and Disagreements With Accountants on Accounting and Financial Disclosure	72
Item 9A.	Controls and Procedures	72
Item 9B.	Other Information	74
Item 9C.	Disclosure Regarding Foreign Jurisdictions that Prevent Inspections	74
PART III		74
Item 10.	Directors, Executive Officers and Corporate Governance	74
Item 11.	Executive Compensation	74
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	75
Item 13.	Certain Relationships and Related Transactions, and Director Independence	75
Item 14.	Principal Accounting Fees and Services	75
Item 15.	Exhibits, Financial Statement Schedules	75
Item 16.	Form 10-K Summary	79


Client (1)			Relationship Length (Years)
U.S. Navy			80+
U.S. Army			70+
Department of Energy			45+
U.S. Air Force			45+
National Security Agency			40+
Department of Homeland Security			40+
Federal Bureau of Investigation			30+
Internal Revenue Service			25+
Department of Health and Human Services			25+
National Reconnaissance Office			25+
A U.S. intelligence agency			25+


	Fiscal 2023 Revenue	% of Total Revenue	Number of Task Orders as of March 31, 2023	Expiration Date (1)
	(in millions)
BAH Alliant 2	$1,164.5	12.6%	64	6/30/2028
(OASIS) One Acquisition Solution for Integrated Services	993.6	10.7%	95	9/2/2024
(T4NG) Transformation Twenty-One Total Technology Next Generation	602.1	6.5%	19	3/6/2026
Liberty IT - VA T4NG IDIQ	509.5	5.5%	30	3/6/2026
DTIC Information Analysis Center Multiple Award Contract (IAC MAC)	438.1	4.7%	48	9/29/2027
SeaPort Next Generation (SeaPort NxG) IDIQ	414.9	4.5%	14	1/1/2029
BAH Alliant 1	389.8	4.2%	25	4/30/2019
IT-70 GS-35F-386DA NSF IT	345.0	3.7%	53	11/14/2031
(PSS) Professional Services Schedule	277.0	3.0%	82	1/2/2032
(CIOSP3) Chief Information Officer - Solutions & Partners 3	216.9	2.3%	25	4/30/2023


Segmentation of Task Order by Revenue Fiscal 2023	Number of Task Orders Active During Fiscal 2023	Fiscal 2023 Revenue (in millions)	% of Total Revenue	Average Duration (Years)
Less than $1 million	2,146	$383.9	4%	2.0
Between $1 million and $3 million	365	654.0	7%	3.4
Between $3 million and $5 million	134	509.4	6%	4.0
Between $5 million and $10 million	139	970.4	11%	4.1
Greater than $10 million	140	5,209.0	56%	5.0
Total	2,924	$7,726.7	84%	2.5


			Shares Outstanding as of May 23, 2023
Class A Common Stock			130,824,544


	Fiscal 2023 Revenue		% of Total Revenue	Expiration Date
	(in millions)
Classified Contract	$	230.0	2.5%	9/30/2023
Classified Contract	67.9		0.7%	6/30/2025
PEO USC Bridge	57.4		0.6%	4/15/2023
R1S Recreation One Stop Support Services	45.2		0.5%	9/30/2028
Classified Contract	42.6		0.5%	3/31/2025
ARPA-E SETA - BRIDGE#4	35.2		0.4%	5/31/2023
Classified Contract	35.0		0.4%	9/16/2024
Classified Contract	34.0		0.4%	4/18/2028
Classified Contract	33.6		0.4%	3/7/2023
Classified Contract	26.1		0.3%	3/31/2024


	As of March 31,
	2023		2022
	(in millions)
Funded	$	4,619	$	3,710
Unfunded	9,519		9,925
Priced options	17,064		15,612
Total backlog	$	31,202	$	29,247


Period	Total Number of Shares Purchased	Average Price Paid per Share	Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1)
January 2023	102,098	$97.94	102,098	$	955,188,264
February 2023	516,614	$95.42	516,614	$	905,893,262
March 2023	532,454	$93.90	532,454	$	855,893,282
Total	1,151,166		1,151,166


Company/Market/Peer Group	3/31/2018		3/31/2019		3/31/2020		3/31/2021		3/31/2022		3/31/2023
Booz Allen Hamilton Holding Corp.	$	100.00	$	152.56	$	182.72	$	217.70	$	241.90	$	260.03
Russell 1000 Index	$	100.00	$	109.30	$	100.53	$	161.44	$	182.86	$	167.51
S&P Software & Services Select Industry Index	$	100.00	$	125.75	$	110.31	$	212.27	$	199.45	$	167.37


	Fiscal Year Ended March 31,
(Amounts in thousands, except share and per share data)	2023	2022	2021
	(Unaudited)
Revenue, Excluding Billable Expenses
Revenue	$9,258,911	$8,363,700	$7,858,938
Less: Billable expenses	2,808,857	2,474,163	2,325,888
Revenue, Excluding Billable Expenses	$6,450,054	$5,889,537	$5,533,050
Adjusted Operating Income
Operating Income	$446,848	$685,181	$754,371
Acquisition and divestiture costs (a)	44,269	97,485	411
Financing transaction costs (b)	6,888	2,348	—
COVID-19 supplemental employee benefits (c)	—	—	577
Significant acquisition amortization (d)	51,553	38,295	—
Legal matter reserve (e)	350,000	—	—
Restructuring costs (f)	—	4,164	—
Adjusted Operating Income	$899,558	$827,473	$755,359

EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin on Revenue & Adjusted EBITDA Margin on Revenue, Excluding Billable Expenses
Net income attributable to common stockholders	$271,791	$466,740	$608,958
Income tax expense	96,734	137,466	53,481
Interest and other, net (g)	78,899	81,138	91,932
Depreciation and amortization	165,484	145,747	84,315
EBITDA	612,908	831,091	838,686
Acquisition and divestiture costs (a)	44,269	97,485	411
Financing transaction costs (b)	6,888	2,348	—
Legal matter reserve (e)	350,000	—	—
COVID-19 supplemental employee benefits (c)	—	—	577
Restructuring costs (f)	—	4,164	—
Adjusted EBITDA	$1,014,065	$935,088	$839,674
Net income margin attributable to common stockholders	2.9%	5.6%	7.7%
Adjusted EBITDA Margin on Revenue	11.0%	11.2%	10.7%
Adjusted EBITDA Margin on Revenue, Excluding Billable Expenses	15.7%	15.9%	15.2%


	Fiscal Year Ended March 31,						Fiscal 2023 Versus Fiscal 2022		Fiscal 2022 Versus Fiscal 2021
	2023		2022		2021
	(In thousands)
Revenue	$	9,258,911	$	8,363,700	$	7,858,938	10.7	%	6.4	%
Operating costs and expenses:
Cost of revenue	4,304,810		3,899,622		3,657,530		10.4	%	6.6	%
Billable expenses	2,808,857		2,474,163		2,325,888		13.5	%	6.4	%
General and administrative expenses	1,532,912		1,158,987		1,036,834		32.3	%	11.8	%
Depreciation and amortization	165,484		145,747		84,315		13.5	%	72.9	%
Total operating costs and expenses	8,812,063		7,678,519		7,104,567		14.8	%	8.1	%
Operating income	446,848		685,181		754,371		(34.8)	%	(9.2)	%
Interest expense	(119,850)		(92,352)		(81,270)		29.8	%	13.6	%
Other income (expense), net	40,951		11,214		(10,662)		NM		NM
Income before income taxes	367,949		604,043		662,439		(39.1)	%	(8.8)	%
Income tax expense	96,734		137,466		53,481		(29.6)	%	157.0	%
Net income	$	271,215	$	466,577	$	608,958	(41.9)	%	(23.4)	%
Net loss attributable to non-controlling interest	$	576	$	163	$	—	NM		NM
Net income attributable to common stockholders	$	271,791	$	466,740	$	608,958	(41.8)	%	(23.4)	%


	Three Months Ended March 31,				Fiscal Year Ended March 31,
	2023		2022		2023		2022
New Term Loan A	$	24,233	$	—	$	49,079	$	—
Existing Term Loan A	—		4,371		14,165		19,568
Existing Term Loan B	—		1,802		5,209		7,203
Total	$	24,233	$	6,173	$	68,453	$	26,771


			Page
Report of Independent Registered Public Accounting Firm (PCAOB ID#00042)			F-2

Consolidated Balance Sheets as of March 31, 2023 and 2022			F-5

Consolidated Statements of Operations for the Fiscal Years Ended March 31, 2023, 2022 and 2021			F-6

Consolidated Statements of Comprehensive Income for the Fiscal Years Ended March 31, 2023, 2022 and 2021			F-7

Consolidated Statements of Cash Flows for the Fiscal Years Ended March 31, 2023, 2022 and 2021			F-8

Consolidated Statements of Stockholders' Equity for the Fiscal Years Ended March 31, 2023, 2022 and 2021			F-9

Notes to Consolidated Financial Statements			F-10


Description of the Matter						As described in Notes 2 and 3 to the consolidated financial statements, the Company generally recognizes revenue over time as services are provided, as most of its contracts involve a continuous transfer of control to the customer. For certain of these contracts, revenue is recognized under a cost-based input method that requires an estimate of total costs of the performance obligation at completion (EAC). Estimates of costs at completion are highly subjective to develop and can change over the contract performance period for a variety of reasons and, if significant, these changes could have a material effect on the Company’s results of operations. Auditing revenue recognition based on the cost-based input method involved subjective auditor judgment because the Company’s estimates include costs at completion. The estimates of costs at completion are based on management’s assessment of the stage of completion of the performance obligations and the time and materials necessary to fulfill its performance obligations under the contracts.


	Fiscal Year Ended March 31,
	2023	2022	2021
Cost-reimbursable	53%	54%	56%
Time-and-materials	25%	24%	25%
Fixed-price	22%	22%	19%


	March 31, 2023		March 31, 2022

	(Amounts in thousands, except share and per share data)
ASSETS
Current assets:
Cash and cash equivalents	$	404,862	$	695,910
Accounts receivable, net	1,774,830		1,622,989
Prepaid expenses and other current assets	108,366		126,777
Total current assets	2,288,058		2,445,676
Property and equipment, net of accumulated depreciation	195,186		202,229
Operating lease right-of-use assets	187,798		227,231
Intangible assets, net of accumulated amortization	685,615		646,682
Goodwill	2,338,399		2,021,931
Deferred tax assets	573,780		32,328
Other long-term assets	281,816		449,498
Total assets	$	6,550,652	$	6,025,575
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt	$	41,250	$	68,379
Accounts payable and other accrued expenses	1,316,640		902,616
Accrued compensation and benefits	445,205		438,634
Operating lease liabilities	51,238		52,334
Other current liabilities	42,721		71,991
Total current liabilities	1,897,054		1,533,954
Long-term debt, net of current portion	2,770,895		2,731,693
Operating lease liabilities, net of current portion	198,144		247,070
Income tax reserves	552,623		79,176
Deferred tax liabilities	—		239,602
Other long-term liabilities	139,934		147,359
Total liabilities	5,558,650		4,978,854
Commitments and contingencies (Note 20)
Stockholders’ equity:
Common stock, Class A - $0.01 par value - 600,000,000 shares authorized; 165,872,332 shares and 164,372,545 shares issued at March 31, 2023 and March 31, 2022, respectively; 131,637,588 shares and 132,584,348 shares outstanding at March 31, 2023 and March 31, 2022, respectively	1,659		1,646
Treasury stock, at cost - 34,234,744 and 31,788,197 shares at March 31, 2023 and March 31, 2022, respectively	(1,859,905)		(1,635,454)
Additional paid-in capital	769,460		656,222
Retained earnings	2,051,455		2,015,071
Accumulated other comprehensive income	29,333		8,585
Total Booz Allen stockholders’ equity	992,002		1,046,070
Non-controlling interest	—		651


	Fiscal Year Ended March 31,
		2023			2022			2021
Cost-reimbursable			$	4,908,451	53%	$	4,514,262	54%	$	4,419,533	56%
Time-and-materials			2,296,965		25%	2,017,094		24%	1,962,999		25%
Fixed-price			2,053,495		22%	1,832,344		22%	1,476,406		19%
Total Revenue			$	9,258,911	100%	$	8,363,700	100%	$	7,858,938	100%


	Fiscal Year Ended March 31,
		2023			2022			2021
U.S. government(1):
Defense Clients			$	4,210,430	45%	$	3,950,751	47%	$	3,920,498	49%
Intelligence Clients			1,693,942		18%	1,578,939		19%	1,549,422		20%
Civil Clients			3,124,889		34%	2,617,730		31%	2,183,184		28%
Total U.S. government			9,029,261		97%	8,147,420		97%	7,653,104		97%
Global Commercial Clients			229,650		3%	216,280		3%	205,834		3%
Total Revenue			$	9,258,911	100%	$	8,363,700	100%	$	7,858,938	100%


How We Addressed the Matter in Our Audit						We obtained an understanding, evaluated the design, and tested the operating effectiveness of controls over revenue recognition under the cost-based input method. For example, we tested controls over the determination of significant assumptions regarding the estimation of costs to be incurred for the performance obligations and controls evaluating the appropriateness of changes in estimated future costs. To test the recognition of revenue under the cost-based input method, our audit procedures included among others, reviewing management’s projected costs for consistency with contract terms, obtaining an understanding of the stage of completion through review of customer correspondence, evidence of stage of completion including discussion with program teams, and comparing actual results to prior management estimates.


Description of the Matter						As discussed in Note 20 to the consolidated financial statements, in the ordinary course of business, agencies of the U.S. government, including the Defense Contract Audit Agency (DCAA), routinely audit the Company’s indirect costs and business practices for compliance with the Cost Accounting Standards and the Federal Acquisition Regulation. Such audits may result in, and have historically resulted in, the Company’s inability to retain certain claimed indirect costs, including executive and employee compensation, due to differing views of the allowability and reasonableness of such costs. As of March 31, 2023, years subsequent to the Company’s fiscal year 2011 remained subject to audit and final resolution. The Company recognized a liability of $326.7 million for estimated adjustments to claimed indirect costs based on its historical DCAA audit results, including the final resolution of such audits with the Defense Contract Management Agency (DCMA) (the provision for claimed indirect costs). Auditing the provision for claimed indirect costs was complex due to the inherently judgmental nature of management’s estimate of adjustments to claimed indirect costs based on the number of years that remain open to audit and expected final resolution by agencies of the U.S. government. Significant changes in management’s estimate could have a material effect on the Company’s results of operations.


Description of the Matter						As discussed in Notes 2 and 13 to the consolidated financial statements, the Company is subject to federal, state and foreign taxation in various jurisdictions. The Company reserves for uncertain tax positions related to unrecognized income tax benefits where it is not more likely than not that the Company’s tax position will be sustained. As of March 31, 2023, the Company has recorded $91.1 million of reserves for uncertain tax positions that, if recognized, would affect the effective income tax rate. These reserves involve considerable judgment and estimation and are evaluated by management based on available information. Auditing the unrecognized tax benefits was complex due to the significant judgment in applying the tax law and inherent uncertainty involved in predicting the ultimate resolution of the matter with the taxing authority.


Description of the Matter						As discussed in Note 5 to the consolidated financial statements, on October 14, 2022, the Company acquired EverWatch Corp. for approximately $445.1 million, net of post-closing adjustments and transaction costs incurred as part of the acquisition. As a result of the transaction, EverWatch became a wholly owned subsidiary of the Company. The Company’s accounting for the acquisition included determining the fair value of the intangible assets acquired, which primarily included contract assets and backlog. The Company recognized acquired intangible assets of $116.5 million which were valued using the excess earnings method discounted cash flow approach. Auditing the Company’s accounting for the acquired intangible assets involved subjective auditor judgement due to the estimation required in management’s determination of the fair value of the intangible assets. The estimation was primarily due to the sensitivity of the fair values to underlying assumptions including discount rates and prospective financial information.


(Amounts in thousands, except share data)	Class A Common Stock			Treasury Stock			Additional Paid-In Capital		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Non-Controlling Interest		Total Stockholders’ Equity
	Shares	Amount		Shares	Amount
Balance at March 31, 2020	161,333,973	$	1,613	(22,614,052)	$	(898,095)	$	468,027	$	1,330,812	$	(46,001)	—		$	856,356
Issuance of common stock	1,112,183	11		—	—		18,803		—		—		—		18,814
Stock options exercised	504,450	5		—	—		11,742		—		—		—		11,747
Repurchase of common stock	—	—		(4,090,525)	(318,068)		—		—		—		—		(318,068)
Recognition of liability related to future restricted stock units vesting	—	—		—	—		(456)		—		—		—		(456)
Net income	—	—		—	—		—		608,958		—		—		608,958
Topic 326 adoption impact	—	—		—	—		—		(1,180)		—		—		(1,180)
Other comprehensive income, net of tax	—	—		—	—		—		—		16,230		—		16,230
Dividends paid of $1.30 per share of common stock	—	—		—	—		—		(181,066)		—		—		(181,066)
Stock-based compensation expense	—	—		—	—		59,841		—		—		—		59,841
Balance at March 31, 2021	162,950,606	$	1,629	(26,704,577)	$	(1,216,163)	$	557,957	$	1,757,524	$	(29,771)	—		$	1,071,176
Issuance of common stock	1,224,207	15		—	—		22,155		—		—		—		22,170
Stock options exercised	197,732	2		—	—		5,927		—		—		—		5,929
Repurchase of common stock	—	—		(5,083,620)	(419,291)				—		—		—		(419,291)
Recognition of liability related to future restricted stock units vesting	—	—		—	—		1,213		—		—		—		1,213
Net income	—	—		—	—		—		466,740				(163)		466,577
Other comprehensive income, net of tax	—	—		—	—		—		—		38,356		—		38,356
Dividends paid of $1.54 per share of common stock	—	—		—	—		—		(209,193)		—		—		(209,193)
Stock-based compensation expense	—	—		—	—		69,784		—		—		—		69,784
Contribution to non-controlling interest	—	—		—	—		(814)		—		—		814		—
Balance at March 31, 2022	164,372,545	$	1,646	(31,788,197)	$	(1,635,454)	$	656,222	$	2,015,071	$	8,585	$	651	$	1,046,721
Issuance of common stock	1,170,726	10		—	—		24,653		—		—		—		24,663
Stock options exercised	329,061	3		—	—		11,381		—		—		—		11,384
Repurchase of common stock	—	—		(2,446,547)	(224,451)		—		—		—		—		(224,451)

Net income	—	—		—	—		—		271,791		—		(576)		271,215
Other comprehensive income, net of tax	—	—		—	—		—		—		20,748		—		20,748
Dividends paid of $1.76 per share of common stock	—	—		—	—		—		(235,407)		—		—		(235,407)
Stock-based compensation expense	—	—		—	—		80,272		—		—		—		80,272
Contribution to non-controlling interest	—	—		—	—		(3,068)		—		—		3,068		—
De-Consolidation of non-controlling interest	—	—		—	—		—		—		—		(3,143)		(3,143)
Balance at March 31, 2023	165,872,332	$	1,659	(34,234,744)	$	(1,859,905)	$	769,460	$	2,051,455	$	29,333	$	—	$	992,002


	March 31,
	2023		2022
Current assets:
Accounts receivable–billed	$	551,666	$	465,322
Accounts receivable–unbilled (contract assets)	1,223,482		1,157,667
Allowance for credit losses	(318)		—
Accounts receivable, net	1,774,830		1,622,989
Other long-term assets:
Accounts receivable–unbilled (contract assets)	59,455		64,339
Total accounts receivable, net	$	1,834,285	$	1,687,328
Other current liabilities
Advance payments, billings in excess of costs incurred and deferred revenue (contract liabilities)	$	18,995	$	26,747


Cash consideration (gross of cash acquired and including net adjustments)	$	789,429
Fair value of non-controlling interest	80,063
Total purchase consideration	869,492

Purchase price allocation:
Cash	9,096
Current assets	57,519
Operating lease right-of-use asset	2,532
Other long-term assets	2,825
Intangible assets	399,500
Current liabilities	(40,217)
Operating lease liabilities - short-term	(1,017)
Operating lease liabilities - long term	(1,516)
Total fair value of identifiable net assets acquired	$	428,722

Goodwill	$	440,770


Cash consideration (gross of cash acquired and including net adjustments)	$	445,074

Purchase price allocation:
Cash	4,779
Current assets	27,725
Operating lease right-of-use asset	7,894
Other long-term assets	4,511
Intangible assets	116,500
Deferred tax liabilities	(22,337)
Current liabilities	(11,613)
Operating lease liabilities - short-term	(1,362)
Operating lease liabilities - long-term	(6,532)
Total fair value of identifiable net assets acquired	$	119,565

Goodwill	$	325,509


	March 31, 2023						March 31, 2022
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Amortizable intangible assets:
Programs and contract assets, channel relationships, and other amortizable intangible assets (1)	$	599,794	$	169,316	$	430,478	$	483,294	$	101,584	$	381,710
Software	134,152		69,215		64,937		119,398		44,626		74,772
Total amortizable intangible assets	$	733,946	$	238,531	$	495,415	$	602,692	$	146,210	$	456,482
Unamortizable intangible assets:
Trade name	$	190,200	$	—	$	190,200	$	190,200	$	—	$	190,200
Total	$	924,146	$	238,531	$	685,615	$	792,892	$	146,210	$	646,682


For the Fiscal Year Ended March 31,
2024	$	91,350
2025	78,513
2026	69,053
2027	57,301
2028	49,266
Thereafter	149,932
Total estimated amortization expense	$	495,415


	March 31, 2023				March 31, 2022
	Interest Rate		Outstanding Balance		Interest Rate		Outstanding Balance
New Term Loan A	5.97	%	$1,629,375		—%		$—
Existing Term Loan A Loans	—	%	—		1.71	%	1,241,398
Existing Term Loan B Loans	—	%	—		2.21	%	380,321
Revolver	—	%	—		—	%	—
Senior Notes due 2028	3.88	%	700,000		3.88	%	700,000
Senior Notes due 2029	4.00	%	500,000		4.00	%	500,000
Less: Unamortized debt issuance costs and discount on debt			(17,230)				(21,647)
Total			2,812,145				2,800,072
Less: Current portion of long-term debt			(41,250)				(68,379)
Long-term debt, net of current portion			$	2,770,895			$	2,731,693


	Payments Due By March 31,
	Total		2024		2025		2026		2027		2028		Thereafter
Term Loan A	$	1,629,375	$	41,250	$	61,875	$	82,500	$	82,500	$	1,361,250	—

Senior Notes 2028	700,000		—		—		—		—		700,000		—
Senior Notes 2029	500,000		—		—		—		—		—		500,000
Interest on indebtedness	696,790		148,150		145,143		140,476		135,326		84,132		43,563
Total	$	3,526,165	$	189,400	$	207,018	$	222,976	$	217,826	$	2,145,382	$	543,563


Derivatives in Cash Flow Hedging Relationships	Location of Gain or Loss Recognized in Income on Derivatives	Amount of Gain (Loss) Recognized in AOCI on Derivatives						Amount of Gain (Loss) Reclassified from AOCI into Income (1)
		Fiscal year ended March 31,						Fiscal year ended March 31,
		2023		2022		2021		2023		2022		2021
Interest rate swaps	Interest expense	$	14,919	$	20,352	$	(2,071)	$	1,237	$	(17,535)	$	(20,558)


For the Fiscal Year Ending March 31,	Operating Lease Payments
2024	$	61,492
2025	71,386
2026	54,832
2027	32,796
2028	22,562
Thereafter	38,326
Total future lease payments	281,394
Less: imputed interest	(32,012)
Total lease liabilities	$	249,382


Pre-65 initial rate	2023		2022
Healthcare cost trend rate assumed for next year	6.60	%	6.30	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	4.50	%	4.50	%
Year that the rate reaches the ultimate trend rate	2032		2031


Post-65 initial rate	2023		2022
Healthcare cost trend rate assumed for next year	6.80	%	6.45	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	4.50	%	4.50	%
Year that the rate reaches the ultimate trend rate	2032		2031


	Fiscal Year Ended March 31,
Changes in plan assets	2023		2022		2021
Fair value of plan assets, beginning of the year	$	—	$	—	$	—
Employer contributions	3,931		5,018		4,519
Benefits paid	(3,931)		(5,018)		(4,519)
Fair value of plan assets, end of the year	$	—	$	—	$	—


For the Fiscal Year Ending March 31,
2024	$	4,397
2025	4,655
2026	5,054
2027	5,365
2028	5,770
2029 - 2033	33,899
Total	$	59,140


	Fiscal Year Ended March 31, 2023
	Post-retirement plans		Derivatives designated as cash flow hedges		Total
Beginning of year	$	8,811	$	(226)	$	8,585
Other comprehensive income before reclassifications (1)	10,644		11,021		21,665
Amounts reclassified from accumulated other comprehensive income	(5)		(912)		(917)
Net current-period other comprehensive income	10,639		10,109		20,748
End of year	$	19,450	$	9,883	$	29,333


	Fiscal Year Ended March 31, 2022
	Post-retirement plans		Derivatives designated as cash flow hedges		Total
Beginning of year	$	(1,562)	$	(28,209)	$	(29,771)
Other comprehensive income before reclassifications (2)	10,294		15,032		25,326
Amounts reclassified from accumulated other comprehensive income	79		12,951		13,030
Net current-period other comprehensive income	10,373		27,983		38,356
End of year	$	8,811	$	(226)	$	8,585