Company: PTHS
Filing Date: 2025-05-27
Form Type: DEFM14C
Source: 0001140361-25-020509
Chunk: 427

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-27
Form: DEFM14C
Chunk 427
---
 fair value of the stock options granted to each named executive officer during the fiscal year ended December 31, 2024 and 2023, as computed in accordance with Financial Accounting Standards Board ASC 718. |

Policies and Practices Related to The Grant of Certain Equity Awards Channel maintains the Prior Plan through which Channel grants equity awards, including stock options and stock appreciation rights, to Channel’s named executive officers, other employees, and directors as part of Channel’s compensation program. In addition, certain employment agreements with Channel’s named executive officers provide for the grant of such equity awards. Channel does not currently have a formal policy governing the timing of grants of stock options, stock appreciation rights, or similar option-like instruments to named executive officers or directors in relation to the release of material nonpublic information. Equity awards under the Prior Plan have been granted from time to time, including to directors to encourage their initial or continued service on the Channel board of directors. The Channel board of directors is evaluating the adoption of a policy concerning the timing of such awards relative to material non-public information disclosures. Channel has not adopted any practice of timing, and do not time, the release of material non-public information to affect the value of equity awards granted to named executive officers or directors. During the year ended December 31, 2024, there were no equity grants made to Channel’s executive officers during any period beginning four business days before the filing of a periodic report or current report disclosing material non-public information and ending one business day after the filing or furnishing of such report with the SEC.

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#### TABLE OF CONTENTS

### CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS OF THE COMBINED COMPANY

#### Channel Transactions
Channel’s Audit Committee Charter requires the Channel audit committee to review, consider, and approve in advance all future transactions, in which Channel is a participant, that involve amounts that equal or exceed $120,000 and in which any Related Person has or will have a direct or indirect material interest in such transaction. Related Persons include any of Channel’s directors, executive officers, holder of 5% or more of any class of Channel capital stock, or any member of the immediate family of, or entities affiliated with, any of them, or any other related persons, as defined in Item 404 of Regulation S-K. In approving or rejecting any such proposal, Channel’s audit committee is to consider all available information deemed relevant by the audit committee, including, but not limited to, the extent of the related person’s interest in the