Company: ZVRA
Filing Date: 2025-03-31
Form Type: PREC14A
Source: 0001193125-25-068746
Chunk: 60

Company: ZEVRA THERAPEUTICS, INC.
Filing Date: 2025-03-31
Form: PREC14A
Chunk 60
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 officers of the Company, we award stock options and restricted stock units on the date the Compensation Committee approves the grant. We set the option exercise price as the last reported sale price of our common stock on the Nasdaq Stock Market on the date of grant. We awarded stock options and restricted stock units to our NEOs during 2024 in the following amounts and with the vesting schedules indicated below. These options were granted with exercise prices equal to the fair market value of our common stock on the date of grant, as determined by our Compensation Committee.

| Name                         |     | Number of Shares Subject to 
         Options Granted (1) |     | Number ofRSUs Granted (2) |
| Neil F. McFarlane            |     |                           - |     |                   700,000 |
| Adrian Quartel, M.D., FFPM   |     |                     300,000 |     |                         - |
| R. LaDuane Clifton, MBA, CPA |     |                           - |     |                   130,000 |

| (1) | The option award vests in equal annual installments over a period of four years, subject to continued service. Additionally, the option award will vest in full and become immediately exercisable upon a change of control of the Company or if the executive is terminated without cause or resigns for good reason (each as defined in the executive’s employment agreement, discussed under the section entitled “Employment Arrangements and Potential Payments upon Termination of Employment”). |

| (2) | The RSUs vest in equal annual installments over a period of three years beginning on the first anniversary of the grant date, subject to continued service. The award may be subject to accelerated vesting, as described below in the section entitled “Employment Arrangements and Potential Payments upon Termination of Employment.” |

Retirement, Health, Welfare and Additional Benefits Our NEOs are eligible to participate in our employee benefit plans and programs, including medical and dental benefits, life insurance, short-term disability and long-term disability, to the same extent as our other full-time employees, subject to the terms and eligibility requirements of those plans. We believe these benefits are necessary and appropriate to provide a competitive compensation package to our NEOs. We also sponsor a 401(k) defined contribution plan in which our NEOs may participate, subject to limits imposed by the Code, to the same extent as all of our 58

other full-time employees. We believe that providing a vehicle for tax-deferredret