Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 343

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 3
Chunk 343
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 that can be issued under the 2022 Plan is initially 400,000,000.
The number of shares automatically increases on the first day of the Company’s fiscal year beginning in 2023 so that
the total number of shares issuable will at all times equal fifteen percent (15%) of the Company’s fully diluted capitalization
on the first day of the Company’s fiscal year, unless the Board adopts a resolution providing that the number of shares issuable
under the 2022 Plan shall not be so increased.

26

The following table sets forth information
about our equity compensation plans as of June 30, 2025.

    Plan Category 
    Number of 
securities to
 be issued 
upon 
exercise of 
outstanding 
options, 
warrants
 and rights  
    Weighted- 
average
 exercise
 prices of 
outstanding options,
 warrants
 and rights  
    Number of 
securities 
remaining available for 
future 
issuance 
under the 
equity 
compensation 
plans 
(excluding 
securities 
reflected in 
column (a)) 

    (a)  
    (b)  

    2019 Equity compensation plan approved by security holders 
     279,270,561  
    $0.0099 – 0.016  
     20,729,439 
  
    2022 Equity compensation plan approved by security holders 
     348,600,000  
    $0.012-0.0237  
     604,948,700 
  
    Total 
     627,870,561  
        
     625,678,139 

Item 13. Certain Relationships and Related
Transactions, and Director Independence.

Certain Relationships and Related Transactions 

As of June 30, 2025 and 2024,
the Company owed $0 and $45,829, respectively to Timothy Young for a loan for the payment of operating expenses in prior periods.

Director Independence 

The Board has determined that
Mr. Raney is an independent director within the meaning of NASDAQ Rule 5605(a)(2).

Item 14. Principal Accountant Fees and Services.

Audit Fees

The aggregate fees billable
to us by our principal accounting firm during the years ended June 30, 2025 and 2024 for the audit of our annual financial statements
and review of financial statements included in our