Company: LTRYW
Filing Date: 2025-04-09
Form Type: 10-K/A
Source: 0001641172-25-003412
Chunk: 195

Company: Lottery.com Inc.
Filing Date: 2025-04-09
Form: 10-K/A
Chunk 195
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quent Section 16(a) Reports

Section 16(a) of the Exchange Act requires executive officers, directors and persons who beneficially own more than 10% of a company’s common stock to file initial reports of ownership (Forms 3) and reports of changes in ownership (Forms 4 and 5) with the SEC. Based solely on our review of copies of such reports and on written representations from our executive officers and directors, we believe that none of our executive officers and directors complied with their Section 16(a) filing requirements during our fiscal year ended December 31, 2023.

Item 11. Executive Compensation.

This section discusses the material components of the executive compensation program for the executive officers of Lottery.com who were “named executive officers,” or NEOs for fiscal 2023. This discussion may contain forward-looking statements that are based on our current plans, considerations, expectations and determinations regarding future compensation programs. Actual compensation programs that we adopt may differ materially from the existing and currently planned programs summarized or referred to in this discussion.

As an emerging growth company, we have opted to comply with the executive compensation disclosure rules applicable to “smaller reporting companies” as such term is defined in the rules promulgated under the Securities Act, which, in general, require compensation disclosure for our principal executive officer and its two other most highly compensated executive officers, referred to herein as our NEOs.

Introduction

The primary objectives of our executive compensation programs are to attract and retain talented executives to effectively manage and lead our Company. Our NEOs for fiscal 2023 are:

| ● | Matthew                                                             
 McGahan CEO and former CEO Mark Gustavson                           |
| ● | Our                                                                 
 executive officers, Gregory Potts, COO and Robert Stubblefield, CFO |

Summary Compensation Table

The following table provides summary information concerning compensation of our named executive officers for services rendered to us during the years noted.

|                                     |     |      |      |     |           |         |     |        |         |     |           |        |    |     |        |   |     | Non-Equity   |   |     |              |         |     |       |         |
|                                     |     |      |      |     |           |         |     |        |         |     | Stock     |        |    |     | Option |   |     | Incentive    
 Plan         |   |     | All          
 Other        |         |     |       |         |
| Name                                
 and Principal