Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 763

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 763
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6.
STOCK OPTIONS

Stock
options issued during the year ended December 31, 2024

During
the year ended December 31, 2024, the Company granted to its Chief Financial Officer options to purchase an aggregate of 250,000
shares of the Company’s common stock with
exercise prices of $0.38
per share that expire ten
years from the date of grant. Half of the options
granted vested upon grant and the other half vests in one
year. The fair value of each option award was
estimated on the date of grant using the Black-Scholes-Merton Option Pricing model based on the following assumptions: (i) a volatility
rate of 267.24%,
(ii) a discount rate of 4.7%,
(iii) zero
expected dividend yield, and (iv) an expected
life of 5
years, which is the average of the term of the
options and their vesting periods. The total fair value of the option grants to Ms. Missal at its grant date
was approximately $95,000,
$47,500
of which was allocated to general and administrative
expenses during the year ended December 31, 2024, and $47,500
of which will be amortized one
year from the date of grant. As of December
31, 2024, there is approximately $65,500
of unrecognized compensation cost that will be
recognized in 2025.

Stock
options issued during the year ended December 31, 2023

During
the year ended December 31, 2023, the Company granted to directors, advisors, and employees options to purchase an aggregate of 2,050,000
shares of the Company’s common stock with exercise prices of between $0.1337
and $0.212
per share that expire ten
years from the date of grant. One option granted for 300,000
shares vests over two
years, the other 1,750,000
options vested upon grant. The fair value of each option award was estimated on the date of grant using the Black-Scholes-Merton
Option Pricing model based on the following assumptions: (i) a volatility rate of between 269.66%
and 277.5%,
(ii) a discount rate of between 1.40%
and 4.27%,
(iii) zero
expected dividend yield, and (iv) an