Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 1138

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 14
Chunk 1138
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 the success of the Company and to increase stockholder value by providing an additional means through the
grant of awards to attract, motivate, retain, and reward selected employees and other eligible persons. The awards are performance-based
compensation that are granted under the 2019 Plan as incentive stock options (ISO) or nonqualified stock options. The per share exercise
price for each option shall not be less than 100% of the fair market value of a share of common stock on the date of grant of the option.
The Company periodically issues stock options and warrants to employees and non-employees in non-capital raising transactions for services
and for financing cost.

As of June 30, 2025, under the 2019 Plan, there
were 279,270,561 stock options and shares issued, with 20,729,439 shares remaining available for issuance.

2022 Equity Stock Incentive Plan 

On January 27, 2022, the Company adopted the 2022
Equity Incentive Plan (the “2022 Plan”), to enable the Company to attract and retain the types of employees, consultants,
and directors who will contribute to the Company’s long-range success. The maximum number of shares of common stock that may be
issued under the 2022 Plan is initially 400,000,000. The number of shares automatically increases on the first day of the Company’s
fiscal year beginning in 2023 so that the total number of shares issuable equals fifteen percent (15%) of the Company’s fully diluted
capitalization on the first day of the Company’s fiscal year, unless the Board adopts a resolution providing that the number of
shares issuable under the 2022 Plan shall not be so increased.

As of July 1, 2024, the maximum number of shares
issuable under the 2022 Equity Incentive Plan increased to 953,548,700 shares, based on the Company’s fully diluted capitalization
of 6,356,991,335. As of June 30, 2025, there were 448,600,000 stock options and shares issued, with 504,948,700 shares remaining available
for issuance under the 2022 Plan.

F-13

6.STOCK OPTIONS AND WARRANTS

Options

Transactions involving our options are summarized
as follows:

Year Ended June 30, 2025

    Weighted 

    Weighted  
    Average 

    Average