Company: ECIA
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001079973-25-001132
Chunk: 54

Company: ENCISION INC
Filing Date: 2025-07-10
Form: 10-K
Item: Item 1
Chunk 54
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     $0.51 - $1.40  
     368,750  
     1.9  
    $1.03  
     267,394  
    $1.05 

     1,016,249  
     3.1  
    $0.63  
     392,782  
    $0.86 

The 1,016,249 options outstanding as of March
31, 2025 are nonqualified stock options. The exercise price of all options granted through March 31, 2025 has been equal to or greater
than the fair market value, as determined by our Board of Directors or based upon publicly quoted market values of our common stock on
the date of the grant.

The following
table sets forth options to acquire shares of our common stock granted to Executive Officers during the fiscal year ended March 31, 2025.

    Schedule of options to acquire shares 

    Name 
    Grant date 
    Number of securities underlying
    options (#)  
    Exercise price of option
    awards ($/Sh)  
    Grant date fair value
    of option awards ($) (1) 
  
    Gregory J. Trudel 
    05/01/2024 
     200,000  
     0.37  
     48,055 

    11/14/2024 
     5,000  
     0.42  
     1,328 
  
    Brian Jackman 
    05/01/2024 
     40.000  
     0.37  
     9,611 

    11/14/2024 
     5.000  
     0.42  
     1,328 
  
    Brandon Shepard 
    08/19/2024 
     25,000  
     0.32  
     5,051 

The following table sets forth certain
information regarding the number and value of exercisable and unexercisable options to purchase shares of common stock held as of March
31, 2025 by Executive Officers.

    Name 
    Number of Securities underlying unexercised options (#)exercisable  
    Number of Securities underlying unexercised options (#) unexercisable  
    Option exercise price ($/Sh)  
    Option expiration