Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 158

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 158
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. The options cover 412,125 shares of the Company’s Common Stock
at a strike price of $1.28, the closing price of the Company’s Common Stock on the previous business day from the grant date. The
options immediately vested upon grant and have a ten-year term. The Company extinguished the accrued liability recorded at September 30,
2023.

On December 7, 2023, the Company issued a non-qualified
stock option to the Company’s CEO in accordance with the CEO’s employment agreement. The option covers 900,000 shares of the
Company’s Common Stock at a strike price of $2.09, the closing price of the Company’s Common Stock on the previous business
day from the grant date. The option immediately vested upon grant and has a ten-year term.

The Company recorded stock-based compensation related
to options of $3,267,088 and $1,816,188 for the year ended December 31, 2024 and 2023, respectively. The Company did not realize any tax
benefits associated with share-based compensation for the years ended December 31, 2024 and 2023, as the Company recorded a valuation
allowance on all deferred tax assets.

At December 31, 2024, options outstanding that have vested and are
expected to vest are as follows:

             Weighted                  Average              Weighted   Remaining          Number   Average   Contractual   Aggregate      of   Exercise   Life   Intrinsic      Shares   Price   (in years)   Value   Vested   3,766,740   $1.58    9.2   $104,460   Expected to vest   140,000    1.10    9.5    —   Total   3,906,740   $1.56    9.2   $104,460  

Additional information with respect to stock option activity:

    Weighted 

    Number  
    Average 

    of  
    Exercise 

    Shares  
    Price 
  
    Balance — December 31, 2022 
     80,000  
    $5.00 
  
    Granted 
     1,312,125  
     1.84 
  
    Exp