Company: ARTL
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001640334-25-000335
Chunk: 623

Company: ARTELO BIOSCIENCES, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 3
Chunk 623
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OptionAwards  Non-Equity Incentive PlanCompensation  Nonqualified DeferredCompensation Earnings  AllOther Compensation  Total Principal Position Year ($)  ($)  ($)  ($)(1)  ($)  ($)  ($)   ($) Gregory D. Gorgas 2024  520,000  242,450   -   240,016(2)  -   -  58,004(3)  1,060,470 President, CEO, CFO,  2023  485,417   251,203   -   251,644   -   -   5,831   994,095 Secretary, Treasurer and Director                                  

 (1)In accordance with SEC rules, the amounts shown reflect the aggregate grant date fair value of stock awards granted to Non-Employee Directors during 2024, computed in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718 (“FASB ASC 718”). The grant date fair value for stock options is measured based on the Black-Scholes Model. See Note 5 – Equity to our audited financial statements included in this Annual Report on Form 10-K.

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 (2)New option awards granted in 2024 totaled $115,834. On February 28, 2024, previously issued options were repriced to $1.55 and had their vesting schedules modified. As per ASC 718 the changes were treated as modifications to the options. This modification resulted in an additional option award in the amount $124,182. (3)This is comprised of health insurance premiums of $52,173 and life insurance premiums of $5,831.

Outstanding Equity Awards at Fiscal Year-End December 31, 2024

The following table sets forth certain information regarding equity awards granted to our named executive officer that remained outstanding as of December 31, 2024. 

Name Number of Securities Underlying Unexercised Options: Exercisable  Number of Securities Underlying Unexercised Options:Unexercisable  Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options  Option Exercise Price  Option Expiration Date  Number of Shares or Units of Stock That Have Not Vested