Company: BNBX
Filing Date: 2025-10-30
Form Type: S-1
Source: 0001104659-25-103871
Chunk: 171

Company: BNB PLUS CORP.
Filing Date: 2025-10-30
Form: S-1
Chunk 171
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 |         — | ​ | ​                  |        — | ​ | ​         | ​ |            ​ |
| Forfeited                         | ​ |      -866 | ​ | ​                  |    21.60 | ​ | ​         | ​ |            ​ |
| Expired                           |   |    -1,036 | ​ | ​                  | 2,006.38 | ​ | ​         | ​ |            ​ |
| Outstanding at September 30, 2024 |   |   108,635 | ​ | ​                  |   185.48 | ​ | ​         | ​ |            ​ |
| Vested at September 30, 2024      |   |    92,634 | ​ | ​                  |   213.60 | ​ | —         | ​ |         7.23 |
| Non-vested at September 30, 2024  |   |    16,001 | ​ | ​                  |    22.71 | ​ | —         | ​ |         8.47 |

For the fiscal year ended September 30, 2024, the Company did not grant stock options to officers or employees of the Company.

F-20

NOTE H – WARRANTS, STOCK OPTIONS AND RESTRICTED STOCK UNITS, continued

Stock Options, continued

For the fiscal year ended September 30, 2023, the Company granted options to officers of the Company. These options have a ten-year term and vest evenly over four years starting on the first anniversary of the date of grant. Also, during the fiscal year ended September 30, 2023, the Company granted options to non-employee board of director members. The options granted to the non-employee board of directors have a ten-year term and vest on the one-year anniversary of the date of grant. The remaining options granted during the fiscal year ended September 30, 2023 were to employees.

The fair value of options granted during the fiscal year ended September 30, 2023 was determined using the Black Scholes Option Pricing Model. For the purposes of the valuation model, the Company used the simplified method for determining the granted options expected lives. The simplified method is used since the Company does not have adequate historical data to utilize in calculating the expected term of options. The fair value for options granted was calculated using the following weighted average assumptions:

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