Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 1527

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 6
Chunk 1527
---
.

On
April 1, 2023, the Company granted non-qualified stock option to purchase an aggregate of 562,500 shares of Common Stock to an employee
and consultants, at an exercise price of $1.33 per share. The options had an aggregate grant date fair value of $577,500.

On
January 24, 2024, the Company granted 180,000 stock options to a consultant with an exercise price of $1.33 per share. The option had
a grant date fair value of $190,560.

On
April 17, 2024, the Company granted 67,500 stock options to a consultant with an exercise price of $1.33 per share. The option had a
grant date fair value of $73,459.

See
Note 3 – Related Party Transactions above for details related to options issued for forgiveness of accrued salaries.

    F-19

JUPITER
NEUROSCIENCES, INC.

NOTES
TO FINANCIAL STATEMENTS

December
31, 2024 and 2023

A
summary of activity for the year ended December 31, 2024 and 2023 is presented below:

Schedule of Stock Option
Activity

    Number of Options  
    Weighted Average Exercise Price  
    Weighted Average Contractual Term (Years)  
    Aggregate Intrinsic Value 
  
    Outstanding as of December 31, 2022 
     6,682,560  
    $0.89  
     6.40  
    $3,376,725 
  
    Granted 
     3,767,955  
     1.33  

    Exercised 
     (113,633) 
     0.88  

    Forfeited 
     -  

    Outstanding as of December 31, 2023 
     10,336,883  
    $1.00  
     6.91  
    $3,316,119 
  
    Granted 
     297,105  
     1.33  

    Exercised 
     -  
     -  

    Forfeited 
     -  
     -  

    Outstanding as of December 31, 2024 
     10,633,988  
    $1.02  
     6.25  
    $102,