Company: INTS
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001567264-25-000010
Chunk: 26

Company: INTENSITY THERAPEUTICS, INC.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 16
Chunk 26
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 to be outstanding.The following table summarizes the activity for stock options for the year ended December 31, 2024:OptionsWeighted-Average Exercise PriceWeighted Average Remaining Contractual Term (in years)Aggregate Intrinsic Value (in thousands)Outstanding at December 31, 20231,239,750$8.00 6.4$1,865 Issued1,435,879$4.34 Exercised(88,500)$3.01 Forfeited and cancelled— $— Outstanding at December 31, 20242,587,129$6.14 7.9$— Exercisable at December 31, 20241,268,778$7.68 6.3$— All options expire 10 years from date of grant. Options outstanding begin to expire in September 2025. Options that were granted to employees and consultants have vesting periods that vary by award to recipient and range from immediate vesting to a period of up to 4 years.The weighted average grant date fair value of stock options issued was $3.51 and $4.21 for the years ended December 31, 2024 and 2023, respectively.As of December 31, 2024, total unrecognized compensation cost related to options was approximately $4.1 million and is expected to be recognized over the remaining weighted average service period of 2.8 years.

F-14

WarrantsThe following table summarizes the range of assumptions used to estimate the fair value of warrants issued in 2024 and 2023:20242023Stock price$2.95 to $5.19$3.10 to $5.00Exercise price$2.95 to $5.19$6.00 to $6.25Expected volatility97.06% to 100.64%97.06% to 103.85%Risk free interest rates4.12% to 4.39%3.59% to 4.85%Expected term (years)5.5 to 73 to 5For the years ended December 31, 2024 and 2023, a dividend yield of 0% was used because the Company has not historically paid and does not intend to pay a dividend on Common Stock in the foreseeable future. The expected stock price volatility assumption was estimated based on the historical volatilities for industry peers, as the Company had no active market for its stock prior