Company: DMAC
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001437749-25-009696
Chunk: 51

Company: DiaMedica Therapeutics Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 51
---
 to vest, they provide an incentive for an executive to remain employed. In addition, stock options link a portion of an executive’s compensation to the interests of our shareholders by providing an incentive to achieve corporate goals and increase the market price of our common shares over time.

The table below sets forth the stock options that we granted to our named executive officers in 2024, which options vest with respect to 25% of the underlying common shares on the one-year anniversary of the grant date, and with respect to the remaining 75% of the underlying common shares in 12 as nearly equal as possible quarterly installments commencing after the one-year anniversary of the grant date:

| Name                   |     | Grant Date |     | Grant Date 
 Fair Value |         |     | Number of Shares   
 Underlying Options |         |     | Exercise Price |      |
|:-----------------------|:----|:-----------|:----|:-----------|--------:|:----|:-------------------|--------:|:----|:---------------|-----:|
| Rick Pauls             |     | 06/01/24   |     | $          | 633,510 |     |                    | 300,000 |     | $              | 2.90 |
| Lorianne Masuoka, M.D. |     | 01/22/24   |     |            | 637,260 |     |                    | 285,000 |     |                | 2.79 |
| Scott Kellen           |     | 06/01/24   |     |            | 274,521 |     |                    | 130,000 |     |                | 2.90 |

The number of stock options granted to our executives was determined based on a percent of outstanding Company common shares analysis as opposed to a value analysis. Dr. Masuoka’s option grant was a new hire grant which typically represents a greater number of shares than an individual’s annual equity award.

Policies and Practices Related to the Grant of Certain Equity Awards Close in Time to the Release of Material Nonpublic Information

<div align='center'>44</div>

All Other Compensation

It is generally our policy not to extend perquisites to our executives that are not available to our employees generally. Our executives receive benefits that are also received by our other employees, including participation in the DiaMedica USA, Inc. 401(k) Plan and health, dental, disability and life insurance benefits.

Employment Agreements

We typically