Company: PTPI
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001410578-25-000047
Chunk: 180

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 180
---
 Number of 
    securities 
    underlying 
   unexercised 
   options (#) 
 unexercisable | ​ | Option    
 Exercise  
 Price ($) |       | ​ | Option     
 Expiration 
 Date       | ​ 
 ​ |
|:----------------|:--|:--------------|:--|------------:|:--|--------------:|:--|:----------|------:|:--|:-----------|:--|
| Fady Boctor     | ​ | 2/19/2021     | ​ |      21,567 | ​ |             — | ​ | $         | 37.40 | ​ | 2/19/2031  | ​ |
|                 | ​ | 12/21/2023    | ​ |      54,533 | ​ |        54,533 | ​ | $         |  1.41 | ​ | 12/21/2033 | ​ |
| Mitchell Arnold | ​ | 5/11/2021     | ​ |       5,000 | ​ |             — | ​ | $         | 32.10 | ​ | 5/11/2031  | ​ |
|                 | ​ | 12/21/2023    | ​ |      20,000 | ​ |             — | ​ | $         |  1.41 | ​ | 12/21/2033 | ​ |

Accounting and Tax Considerations Section 162(m) of the Code places a limit of $1,000,000 on the amount of compensation that a public company may deduct as a business expense in any year with respect to such company’s chief executive officer, certain other named executive officers, and all “covered employees” as defined by Section 162(m). The Company’s Compensation Committee intends to maximize deductibility of compensation under Section 162(m) to the extent practicable while maintaining a competitive, performance-based compensation program. However, the Company’s compensation committee reserves the right to award compensation which it deems to be in the Company’s best interest and in the best interest of its stockholders, but which may not be fully tax deductible under Code Section 162(m). Employment Benefits Plans Petros 401(k) Plan Petros has a defined contribution retirement plan in which all employees are eligible to participate. This plan is intended to qualify under Section 401(k) of the Code so that contributions by employees and by Petros to the plan and income earned on plan