Company: PTPI
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001104659-25-025104
Chunk: 89

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 89
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(b) . Shares issued or transferred under the Plan may be authorized but unissued shares of Common Stock or reacquired
shares of Common Stock, including shares purchased by the Company on the open market for purposes of the Plan. If and to the extent Options
or SARs granted under the Plan or options granted under the Prior Plans terminate, expire or are canceled, forfeited, exchanged or surrendered
without having been exercised, or if any Stock Awards, Stock Units, or Other Stock- Based Awards are forfeited, terminated or otherwise
not paid in full, the shares subject to such Awards shall again be available for purposes of the Plan. Shares surrendered in payment
of the Exercise Price of an Option (including an option granted under the Prior Plans that is exercised on or after the Effective Date)
shall not be available for re- issuance under the Plan. Shares of Common Stock withheld or surrendered for payment of taxes with respect
to Awards (including options granted under the Prior Plans) shall not be available for re-issuance under the Plan. Subject to the other
provisions of this Section 4(b), if SARs are granted, the full number of shares subject to the SARs shall be considered issued under
the Plan, without regard to the number of shares issued upon exercise of the SARs. To the extent any Awards are paid in cash, and not
in shares of Common Stock, any shares previously subject to such Awards shall again be available for issuance or transfer under the Plan.
For the avoidance of doubt, if shares are repurchased by the Company on the open market with the proceeds of the Exercise Price of Options
(including options granted under the Prior Plans), such shares may not again be made available for issuance under the Plan.

(c) . Shares issued or transferred under Awards made pursuant to an assumption, substitution or exchange for previously granted
awards of a company acquired by the Company in a transaction (“”) shall not reduce the number of
shares of Common Stock available under the Plan and available shares under a stockholder approved plan of an acquired company (as appropriately
adjusted to reflect the transaction) may be used for Awards under the Plan and shall not reduce the Plan’s share reserve (subject
to applicable stock exchange listing and Code requirements).

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(d) . Subject to adjustment as described below in Section 4(e), the following Award limitations shall apply:

(i) For
Options, SARs, Stock Awards, Stock Units and Other Stock-Based Awards (whether