Company: INMB
Filing Date: 2025-10-03
Form Type: PRE 14A
Source: 0001213900-25-096059
Chunk: 12

Company: Inmune Bio, Inc.
Filing Date: 2025-10-03
Form: PRE 14A
Chunk 12
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 the market practice of our common stock at the time of the grant of the Eligible Options could materially disrupt our efforts to retain the service of the Eligible Option holders. Therefore, the Board of Directors approved the Repricing, to encourage, not only, increased alignment of the interests of stock option holders who are current directors, officers and employees with those of our stockholders, but also, stock option holders’ stake in our long -termperformance and success. When the market price of our common stock is significantly below the applicable exercise price of a stock option, often referred to as “underwater” or “out -of - the-money,” a stock option holder is unlikely to exercise such stock option because there is a lower likelihood of financial gain upon attainment of (and subsequent disposition of) our common stock. The Board of Directors believes such stock option holders may in turn be less incentivized to contribute to our long -termbusiness goals. As of September 30, 2025, the closing price of our common stock on the Nasdaq Capital Market was $2.07 per share, resulting in 100% of our total outstanding stock options granted under the 2017 Plan, 2019 Plan and the 2021 Plan being underwater (i.e., the stock option exercise price exceeded the closing price of our common stock on such date). As set forth below, a significant proportion of the options held by our current directors, executive officers and employees are underwater, thus increasing the seriousness of the retention issues associated with such options: “out -of - the-money”), rendering the options a less effective means of incentivizing and retaining such holders, as shown in the table below.

| Range of           
 Exercise Prices of 
 Eligible Options   |     |           Number of 
   Shares Underlying 
 Eligible Options(1) |     | Weighted Average 
 Exercise Price   |       |     | Weighted Average 
   Remaining Term 
       (in years) |
|:-------------------|:----|--------------------:|:----|:-----------------|------:|:----|-----------------:|
| $3.91 – $5.05      |     |           2,185,000 |     | $                |  4.36 |     |             6.12 |
| $7.80 – $9.92      |     |           2,768,000 |     | $                |  8.55 |     |             5.43 |
| $17.