Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1564

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 1564
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 as determined in their sole discretion, subject
to applicable law.

Since the date it was approved
by the Board of Directors and the sole stockholder, we have issued 4,525,310 stock options, 594,000 shares of restricted stock, and 125,502
restricted stock units to certain of our agents, consultants and employees.

Pricing; Vesting; Expiration.
The Compensation Committee, in its sole discretion, will determine the exercise price of any options granted under the 2022 Plan which
exercise price will be outlined in an agreement evidencing the option, provided, however, that at no time will the exercise price be less
than the par value per share of the Company’s Common Stock. Also, the exercise price of incentive stock options may not be less
than the fair market value of the Common Stock subject to the option on the date of the grant and, in some cases, may not be less than
110% of such fair market value. The exercise price of non-statutory options may not be less than the Common Stock’s fair market
value on the grant date. The exercise price of options granted under the 2022 Plan must be paid either in cash at the time the option
is exercised or, at the discretion of the Compensation Committee: (i) by delivery of already-owned shares of our Common Stock, (ii) pursuant
to a deferred payment arrangement, (iii) pursuant to a net exercise arrangement, or (iv) pursuant to a cashless exercise as permitted
under applicable rules and regulations of the SEC.

68

Options and other Awards granted
under the 2022 Plan may be exercisable in cumulative increments, or “vest,” as determined by the Compensation Committee. The
Compensation Committee has the power to accelerate the time as of which an option may vest or be exercised. Shares of restricted stock
acquired under a restricted stock purchase or grant agreement may, but need not, be subject to forfeiture to us or other restrictions
that will lapse in accordance with a vesting schedule to be determined by the Compensation Committee. In the event a recipient’s
employment or service with our Company terminates, any or all of the shares of Common Stock held by such recipient that have not vested
as of the date of termination under the terms of the restricted stock agreement may be forfeited to our Company in accordance with such
restricted stock agreement.

The Compensation Committee
will determine the expiration date of options and other awards granted under the 2022 Plan. The maximum term