Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 342

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 342
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shares, all of the [ ] Class A Ordinary Shares sold in this Offering will be freely tradable, except that any shares purchased by our
affiliates, as that term is defined in Rule 144 under the Securities Act, may only be sold in compliance with the limitations described
below.

The remaining outstanding
shares will be deemed restricted securities as defined under Rule 144. Restricted securities may be sold in the public market only if
registered or if they qualify for an exemption from registration under Rule 144 or Rule 701 promulgated under the Securities Act, which
rules are summarized below. In addition, all of our shareholders have entered into market standoff agreements with us or lock-up as further
described in “— Lock-Up Agreements” below, under which they agreed not to sell their shares until certain time or performance
metrics have been met. Subject to the provisions of Rule 144 or Rule 701, shares are or will be available for sale in the public market
as follows:

| ● | on the date of this prospectus, 4,950,322  Class A Ordinary Shares (including all shares sold in this Offering) are freely transferable in the public market, except for the shares purchased by affiliates which are subject to the volume and other restrictions of Rule 144 as well as the lock-up agreement restrictions described below; |

| ● | the remainder of the shares will be eligible for sale in the public market from time to time thereafter, subject in some cases to the volume and other restrictions of Rule 144, as described below. |

Rule 144

In general, under Rule 144
as currently in effect, a person who is not deemed to have been one of our affiliates for purposes of the Securities Act at any time during
the 90 days preceding a sale and who has beneficially owned the shares proposed to be sold for at least six months, including the holding
period of any prior owner other than our affiliates, is entitled to sell those shares without complying with the manner of sale, volume
limitation or notice provisions of Rule 144, subject to compliance with the public information requirements of Rule 144. If such a person
has beneficially owned the shares proposed to be sold for at least one year, including the holding period of any prior owner other than
our affiliates, then that person is entitled to sell those shares without complying with any of the requirements of Rule 144.

In general, under Rule 144,
as currently in effect, our affiliates are entitled to