Company: SXTPW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003343
Chunk: 366

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1A
Chunk 366
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    Miller, Chief Financial Officer (Principal Financial and Accounting Officer)(2)  
     800  
     -  
     3,200  
    $60.00  
    July 16, 2034 
     -  
    $- 
  
    Kristen
    Landon, Chief Commercial Officer(3)  
     834  
     -  
     3,333  
    $6.85  
    September 26, 2034 
     -  
    $- 

    (1)
    Dr. Dow’s options to purchase a total of 5,000 shares of our
    common stock vest annually on the last date of each fiscal year in five equal tranches, with the first vesting date being December
    31, 2024. 

    (2)
    Mr. Miller’s options to purchase a total of 4,000 shares of our
    common stock vest annually on the last date of each fiscal year in five equal tranches, with the first vesting date being December
    31, 2024. 

    (3)
    Ms. Landon’s options to purchase a total of 4,167 shares of our
    common stock vest annually on the last date of each fiscal year in five equal tranches, with the first vesting date being December
    31, 2024. 

2022 Equity Incentive Plan

Overview

On November 22, 2022, our Board and our
stockholders approved the 60 Degrees Pharmaceuticals, Inc. 2022 Equity Incentive Plan. The 2022 Plan governs equity awards to our
employees, directors, officers, consultants and other eligible participants. Initially, the maximum number of shares of our common
stock that may be subject to awards under the 2022 Plan was equal to 3,977. The 2022 Plan provides for an automatic increase in the
number of shares available for issuance beginning on January 1, 2023 and each January 1 thereafter, by 4% of the number of
outstanding shares of common stock on the immediately preceding December 31, or such number of shares as determined by the Board of
Directors. As of March 27,  2025, the Board has reserved 215,452 shares of common stock issuable upon the grant of awards under
the Plan, of which 57