Company: BFRG
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001493152-25-010367
Chunk: 1271

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 13
Chunk 1271
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 2023 
  
    Expected dividend yield 
     0%  
     0% 
  
    Expected volatility 
      85%
                                            - 107%  
      87%
                                            - 92% 
  
    Risk-free interest rate 
      3.5%
                                            - 5.3%  
      3.4%
                                            - 4.4% 
  
    Expected life (in years) 
      0.5
                                            - 6.0  
      5.0
                                            - 6.0 

●Volatility
                                            - The trading volatility was determined by calculating the volatility of the Company’s
                                            peer group.

●Expected
                                            life of options – The expected life of options granted to employees was determined
                                            using the simplified method.

●Risk-free
                                            interest rate – This is the U.S. Treasury rate, having a term comparable to the
                                            expected life of the stock option.

●Dividend
                                            yield – The Company does not expect to pay a dividend in the foreseeable future.

The
weighted-average grant-date fair value of options granted during the years ended December 31, 2024 and 2023 was $2.78 and $3.15, respectively.
The total grant-date fair value of options vested during the years ended December 31, 2024 and 2023 was approximately $819,077 and $585,500,
respectively.

     F-13 

During
the year ended December 31, 2024, certain stock option awards granted to related parties were modified as follows:

●In
                                            July 2024, the Company modified 131,927 vested stock option awards granted to the former
                                            Chief Marketing Officer by extending his period to exercise these awards from 6 months to
                                            12 months following termination. This modification resulted in additional stock-based compensation
                                            expense of $28,666.

●In
                                            December 2024, the Company modified stock option awards granted the former Chief Financial
                                            Officer by (i) accelerating the vesting of 31,103 unvested options, and (ii) extending the
                                            period to exercise all now-vested 109,500 awards from 6 months to 12 months following his
                                            passing. These modifications resulted in additional stock-based compensation expense of $51,696.

No
options were exercised in any of the periods presented. 

During