Company: ZRCN
Filing Date: 2025-09-10
Form Type: 10-K
Source: 0001641172-25-027037
Chunk: 78

Company: ZRCN Inc.
Filing Date: 2025-09-10
Form: 10-K
Item: Item 11
Chunk 78
---
,  
    ($)  
    ($)  
    ($)  
    ($)  
    ($) 
  
    Joseph Bronson (1) 
    2025  
     18,156  
     -  
     13,104  
          -  
     31,260 

    Linda Graebner (2) 
    2025  
     13,070  
     —  
     13,296  
     -  
     26,366 

    Brian Wong (3) 
    2025  
     13,930  
     —  
     13,296  
     -  
     27,226 

    (1)
    Mr.
    Bronson began his term as a director on August 14, 2024.
  
    (2)
    Ms.
    Graebner began her term as a director on October 18, 2024.
  
    (3)
    Mr.
    Wong began his term as a director on October 7, 2024.

Each
person who served as a member of our board of directors during fiscal 2025 held the following aggregate number of shares of our common
stock subject to outstanding stock options as of March 31, 2025.

    Name 
    Number
    of shares Underlying Stock Options Held on March 31, 2025 
  
    Joseph Bronson 
     48,000 
  
    Linda Graebner 
     48,000 
  
    Brian Wong 
     48,000 

35

2024
Equity Incentive Plan

On
February 28, 2024, the Company’s board of directors adopted the ZRCN Inc. 2024 Equity Incentive Plan (the “Plan”) initially
reserving 40,000,000 shares of the Company’s common stock for issuance thereunder, provided, that, the shares of
Common Stock issued under the Plan with respect to any exempt awards shall not count against such share limit. Exempt awards include
(i) any awards previously granted by a corporation or other entity acquired by the Company or any of its subsidiaries or with which the
Company or any of its subsidiaries combines by merger or otherwise; (ii) an “employment inducement” award as described in
the applicable stock exchange listing manual or rules; and (iii) any