Company: BFRG
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023560
Chunk: 16

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 16
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 share awards, cash awards
and other equity-based awards. Awards are limited to a maximum term of 10 years and any exercise prices shall not be less than 100% of
the fair market value of one share of common stock on the grant date. The Plan authorized an initial maximum number of shares underlying
awards of 900,000 with an automatic annual increase to an amount equal to 15% of the total number of shares outstanding as of the end
of the preceding fiscal year. As of June 30, 2025, there are 497,260 awards authorized but unissued available under the Plan.

Stock
Options 

The
following tables summarize the stock option activity for the three months ended June 30, 2025 and 2024:

 Schedule of Stock Options Activity   

    Number of Shares  
    Weighted-Average Exercise Price  
    Weighted-Average Remaining Contractual Term (Years)  
    Aggregate Intrinsic Value 
  
    Outstanding at December 31, 2024 
     832,731  
    $    3.96  
         8.5  
    $       - 
  
    Granted 
     211,500  
    $2.19  

    Exercised 
     -  
    $-  

    Forfeited / canceled 
     (105,304) 
    $3.84  

    Outstanding at June 30, 2025 
     938,927  
    $3.57  
     8.3  
    $- 
  
    Vested at June 30, 2025 
     637,226  
    $3.90  
     7.9  
    $- 

    Number of Shares  
    Weighted-Average Exercise Price  
    Weighted-Average Remaining Contractual Term (Years)  
    Aggregate Intrinsic Value 
  
    Outstanding at December 31, 2023 
     527,717  
    $    4.17  
         9.0  
    $112,141 
  
    Granted 
     313,000  
    $3.86  

    Exercised 
     -  
    $-  

    Forfeited / canceled 
     (9,792) 
    $5.45  

    Outstanding at June 30,