Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 392

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 392
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. As of December 31, 2024, approximately 3,102,266 shares remained available for future issuance. The Plan authorizes the granting of incentive stock options, and in the years ended December 31, 2024 and 2023, the Company granted 830,000 and 1,215,000 stock options, respectively. The maximum term of an option is ten years, and options generally vest at a rate of twenty -fivepercent after one year of service, and then in equal installments over thirty -sixsubsequent months. The fair market value of options is recognized as expense over the requisite service period, which may be shorter than the vesting period if an employee is retirement eligible. The Company generally issues new shares for exercises of stock options. As a policy, the Company does not purchase its shares relating to its share -basedprograms The following table summarizes stock option activity for the periods presented below:

|                                  |     | Number of 
   Options |   |     | Weighted 
 Average  
 Exercise 
 Price    |      |     |  Weighted 
   Average 
 Remaining 
      Life 
   (Years) |     | Aggregate 
 Intrinsic 
 Value     |   |
|:---------------------------------|:----|----------:|:--|:----|:---------|-----:|:----|----------:|:----|:----------|:--|
| Outstanding at December 31, 2023 |     | 7,526,687 |   |     | $        | 0.29 |     |       7.3 |     | $         | — |
| Granted                          |     |   830,000 |   |     |          | 0.29 |     |           |     |           | — |
| Forfeited                        |     |  (835,000 | ) |     |          | 0.29 |     |           |     |           | — |
| Outstanding at December 31, 2024 |     | 7,521,687 |   |     | $        | 0.29 |     |       6.4 |     | $         | — |
| Exercisable at December 31, 2024 |     | 5,867,599 |   |     | $        | 0.29 |     |       5.9 |     | $         | — |

|                                  |     | Number of 
   Options |   |     | Weight