Company: AEMD
Filing Date: 2025-06-26
Form Type: 10-K
Source: 0001683168-25-004780
Chunk: 273

Company: AETHLON MEDICAL INC
Filing Date: 2025-06-26
Form: 10-K
Item: Item 1A
Chunk 273
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 agreement provides that Dr. LaRosa is eligible for an annual cash performance bonus for each year
with a target amount of 40% of Dr. LaRosa’s then-current annual base salary, based upon our and Dr. LaRosa’s achievement of
objectives and milestones to be determined on an annual basis by the Board of Directors (or Compensation Committee thereof). Whether Dr.
LaRosa receives an annual bonus for any given year, and the amount of any such annual bonus, will be determined in the discretion of our
Board of Directors (or the Compensation Committee thereof). The agreement also provides that if Dr. LaRosa’s employment is terminated
without cause, or if he resigns for good reason (each as defined in the agreement), then Dr. LaRosa will be entitled under his agreement
to continue to receive his annual base salary and payment of premiums for continuation of healthcare benefits for a period of 12 months
following such termination.

 68 

Outstanding Equity Awards at 2025 Fiscal Year-End

The following table sets forth
certain information concerning equity awards granted to our named executive officers that remained outstanding as of March 31, 2025.

    OPTIONS AWARDS 
  
    Name 
    Grant Date  
    Number of Securities Underlying Unexercised Options Exercisable  (#)  
    Number of Securities Underlying Unexercised Options Unexercisable  (#)  
    Option Exercise Price ($)  
    Option Expiration  Date 
  
    James B. Frakes 
     4/3/2020  
     1,75620(1) 
     –  
     102.40  
     4/2/2030 
  
    Chief Executive Officer and 
     2/10/2022  
     1,253(2) 
     287  
     112.80  
     2/9/2032 
  
    Chief Financial Officer 

    Steven P. LaRosa, M.D. 
     1/4/2021  
     1,512(3) 
     –  
     201.60  
     1/3/2031 
  
    Chief Medical Officer 
     2/10/2022  
     1,253(4) 
     287  
     112.80  
     2/9/2032