Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 254

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 254
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 plans, under which shares are available
for issuance of stock-based awards under terms established by the board of directors. Through May 31, 2024, awards under the plans generally
consisted of options with exercise prices equal to fair market value, vesting and service conditions of 18 months to three years without
market or performance conditions and ten-year lives. Options granted in the year ended May 31, 2023, for an aggregate of 246,000 shares
are subject to vesting conditions related to research and financing milestones. As of February 28, 2025, no shares remain available for
future grants under the 2014 Stock Option Plan, which expired in September 2024, and 600,000 shares remain available for future grant
under the 2024 Stock Option Plan. The number of shares available under the 2024 Stock 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 between May 31, 2022 and May 31, 2024.

|                          |     | 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 |     |                |           |
|