Company: BIVIW
Filing Date: 2025-07-03
Form Type: S-1
Source: 0001520138-25-000198
Chunk: 38

Company: BIOVIE INC.
Filing Date: 2025-07-03
Form: S-1
Chunk 38
---
) |     |                  |  50,934 |     |            |  2.7 | % |

| * | Less than 1% |

| (1) | Includes 8,580 options to purchase shares of Common Stock, all of which 
 are exercisable within 60 days of June 30, 2025.                        |

| (2) | Includes options to purchase 3,309 shares of Common Stock , all of 
 which are exercisable within 60 days of June 30, 2025.             |

| (3) | Includes options to purchase 9,107 shares of Common Stock, which are                                                              
 exercisable within 60 days of June 30, 2025. 134 shares of Common Stock held of record by Sherman Children’s Trust Brian Krisber, 
 Trustee. All shares of Common Stock, warrants and options are deemed to be beneficially owned or controlled by Michael Sherman.   |

| (4) | Includes warrants to purchase 50 shares of Common Stock, options to                                                                   
 purchase 13,915 shares of Common Stock and 692 RSUs, all of which are exercisable within 60 days of June 30, 2025 and 4,792 shares of 
 Common Stock are held of record by Do & Rickles Investments, LLC, a limited liability company 100% owned by Cuong Do and his wife,    
 as such, Mr. Do may be deemed to beneficially own or control.                                                                         |

<div align='center'>23</div>

| (5) | Includes options to purchase shares 2,384 of Common Stock, all of which 
 are exercisable within 60 days of June 30, 2025.                        |

| (6) | Includes options to purchase 2,065 shares of Common Stock, all of which 
 are exercisable within 60 days of June 30, 2025.                        |

| (7) | Includes warrants to purchase 72,728 shares of Common Stock, and options                                                                   
 to purchase 650 shares of Common Stock, all of which are exercisable within 60 days of June 30, 2025. All shares held of record by Acuitas 
 Group Holdings, LLC, a limited liability company 100% owned by Terren Peizer, and as which Mr. Peizer may be deemed to beneficially own    
 or control. Mr. Peizer disclaims beneficial of any such securities.                                                                        |

<div align='center'>