Company: CERO
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001213900-25-004742
Chunk: 318

Company: CERO THERAPEUTICS HOLDINGS, INC.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 318
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186,067 | ) |     |       | (186,067 | ) |
| Balance at September 30, 2023                    |     | $       | - |     | $       | - |     | $       |  199,149 |   |     | $     |  199,149 |   |

F-23

NOTE 10 – STOCK-BASED COMPENSATION

In October 2016, Predecessor’s Board of
Directors approved the adoption of an Equity Incentive Plan (“Predecessor EIP”). As amended, the Predecessor EIP permits Predecessor
to grant awards allowing for the issuance of up to shares of Predecessor’s common stock. On close of the Merger, outstanding
awards issued for the Predecessor EIP were converted to options to purchase a number of shares of the Company’s Common Stock equal
to the number of Predecessor shares multiplied by the Merger conversion ratio of at a price of the Predecessor option strike
price divided by the Merger conversion ratio. The Predecessor EIP was then cancelled.

|                                          |     | Outstanding 
 Shares      |         |   |     | Weighted  
 Average   
 Exercise  
 Price Per 
 Share     |        |     | Weighted    
 Average     
 Remaining   
 Contractual 
 Life        
 (in years)  |      |
|:-----------------------------------------|:----|:------------|--------:|:--|:----|:----------|-------:|:----|:------------|-----:|
| Balance, December 31, 2023 (Predecessor) |     |             |     504 |   |     | $         | 418.92 |     |             | 6.86 |
| Options cancelled (Predecessor)          |     |             |    (504 | ) |     | $         | 418.92 |     |             |      |
| Balance, February 14, 2024 (Predecessor) |     |             |       - |   |     | $         |      - |     |             |    - |
| Balance, February 14, 2024 (Predecessor) |     |             |       - |   |     | $         |      - |     |             |    - |
| Options granted (Successor)              |     |             |  50,397 |   |     | $         | 168.00