Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 412

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 412
---
 Option Plan will
increase by 2% per year or such lower number of shares as may be determined by the Company’s board of directors.

The following is an analysis of the stock option
activity under the Plans:

|                          |     | Number |          |   |     | Weighted 
 Average  
 Exercise 
 Price    |      |     | Weighted  
 Average   
 Remaining 
 Life      |           |
|:-------------------------|:----|:-------|---------:|:--|:----|:---------|-----:|:----|:----------|:----------|
| Outstanding May 31, 2022 |     |        |  189,450 |   |     | $        | 4.16 |     |           |           |
| Granted                  |     |        |  372,000 |   |     |          | 7.01 |     |           |           |
| Exercised                |     |        |        - |   |     |          |    - |     |           |           |
| Expired or forfeited     |     |        |   (4,000 | ) |     |          | 7.01 |     |           |           |
| Outstanding May 31, 2023 |     |        |  557,450 |   |     | $        | 6.04 |     |           |           |
| Granted                  |     |        |  153,000 |   |     |          | 0.01 |     |           |           |
| Exercised                |     |        |        - |   |     |          |    - |     |           |           |
| Expired or forfeited     |     |        | (198,500 | ) |     |          | 4.95 |     |           |           |
| Outstanding May 31, 2024 |     |        |  511,950 |   |     | $        | 4.66 |     |           | 6.5 years |
| Exercisable May 31, 2024 |     |        |  260,367 |   |     | $        | 4.93 |     |           | 5.0 years |

The weighted average grant-date fair value of
stock options granted during the years ended May 31, 2024 and 2023 was $7.00 and $6.18, respectively, based on the following weighted