Company: PTHS
Filing Date: 2025-09-16
Form Type: 8-K/A
Source: 0001753926-25-001500
Chunk: 117

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-09-16
Form: 8-K/A
Chunk 117
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 Act or Regulation D promulgated thereunder, or Rule 701 promulgated under Section 3(b) of the Securities Act, as transactions by an issuer not involving any public offering or pursuant to benefit plans and contracts relating to compensation as provided under Rule 701. The recipients of the above securities represented their intentions to acquire the securities for investment only and not with a view to or for sale in connection with any distribution thereof.

Director Compensation for Fiscal Year 2024

We have not implemented a formal policy
with respect to compensation payable to our non-employee directors. From time to time, we have granted equity awards to attract
individuals to join our board of directors and for their continued service thereon. In 2024, independent directors of Channel received
$14,396 in cash compensation. In addition, in 2024 directors were granted options to purchase 9,000 shares of Common
Stock at fair market value as of the date of issuance, expiring ten years from issuance and RSUs representing 35,667 shares of
Common Stock. In addition, we reimburse our directors for expenses associated with attending meetings of our board of directors
and its committees. Our board of directors is still in the process of considering the non-employee director compensation policy.

| Name             |     | Fees Earned 
 or Paid in  
 Cash        
 ($)         |        |     | Stock  
 Awards 
 ($)    |        |     | Stock  
 Option 
 Awards 
 ($)(1) |         |     | Non-Equity   
 Incentive    
 Plan         
 Compensation 
 ($)          |   |     | Nonqualified 
 Deferred     
 Compensation 
 Earnings     
 ($)          |        |     | All Other    
 Compensation 
 ($)          |   |     | Total 
 ($)   |         |
| Todd Davis       |     |             | 14,396 |     |        | 52,258 |     |        | 299,215 |     |              | — |     |              | 20,000 |     |              | — |     |       | 385,869 |
| Ezra Friedberg   |     |             | 14,396 |     |        | 26,111 |     |        | 149,608 |     |              | — |     |              | 20,000 |     |              | — |     |       | 210,115 |
| Richard Malamut  |     |             | 14,396 |     |        | 26,