Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 39

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 Plan”) under which 616,518 shares of Class A common stock were initially reserved for issuance. The
2021 Plan allows for the issuance of incentive and non-qualified stock options, stock appreciation rights, restricted stock, restricted
stock units and other stock or cash-based awards. The number of shares of the Company’s Class A common stock available for issuance
under the 2021 Plan increases annually on the first day of each calendar year, beginning on and including January 1, 2022 and ending
on and including January 1, 2031 by a number of shares of Company common stock equal to five percent (5%) of the total outstanding shares
of Company common stock on the last day of the prior calendar year. Notwithstanding the foregoing, the Board may act prior to January
1st of a given year to provide that there will be no such increase in the share reserve for such year or that the increase in the share
reserve for such year will be a lesser number of shares of Company common stock than would otherwise occur pursuant to the preceding
sentence.

     F-22 

Stock
Options

The
Company did not issue any new stock options during the quarter ended June 30, 2025. The following table shows stock option activity for
the year ended December 31, 2024 and quarter ended June 30, 2025:

Schedule
of Stock Option Activity 

    Weighted 

    Weighted  
    Average 

    Shares  
    Outstanding  
    Average  
    Remaining  
    Aggregate 

    Available  
    Stock  
    Exercise  
    Contractual  
    Intrinsic 

    for Grant  
    Awards  
    Price  
    Life (years)  
    Value 
  
    Outstanding at December 31, 2024 
     1,011,737  
     1,018,565  
    $2.00  
     2.8  
    $944,544 
  
    Granted 
     -  
     -  
     -  
     -  

    Exercised 
     -  
     -  
     -  
     -  

    Forfeited/cancelled 
     -  
     -  
     -  
     -  

    Outstanding at June 30, 2025 
     1,011