Company: LTRYW
Filing Date: 2025-05-14
Form Type: S-1/A
Source: 0001641172-25-010091
Chunk: 175

Company: Lottery.com Inc.
Filing Date: 2025-05-14
Form: S-1/A
Chunk 175
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 of the NEO’s base salary earned during the fiscal year presented based on time in the role.             |
| (2) | USD                                                                                                                                   
 value of stock awards. Amount represents the aggregate grant date fair value of common stock share awards made to the named executive 
 officer computed in accordance with Financial Accounting Standards Codification Topic 718, Compensation - Stock Compensation (“Topic  
 718”). As required by SEC rules, awards are reported in the year of grant. For more information, see “Narrative Disclosure            
 to Summary Compensation Table — Supplemental Table” below.                                                                            |
| (3) | Refers                                                                                                                                
 to any annual bonus, each of which is subject to the approval of the Compensation Committee of the Board.                             |
| (4) | The                                                                                                                                   
 Company is investigating any potential U.S. tax consequences as the result of Company employees or directors residing for extended    
 periods of time at the Company’s Boca Raton, Florida, campus while conducting business. As appropriate, individual tax assessments    
 are being determined and will be applied according to U.S. tax law                                                                    |

Narrative Disclosure to Summary Compensation Table

Equity Awards

On October 10, 2023, the Board approved the “2023 Employees Directors and Consultants Stock Issuance and Option Plan” (the “Plan”) in order for the Company to be able to attract and retain key personnel and to provide a means whereby certain directors, officers, employees, consultants and advisors of the Company can acquire and maintain an equity interest in the Company, or be paid incentive compensation, which may be measured by reference to the value of Common Stock, thereby strengthening their commitment to the welfare of the Company and its Affiliates and aligning their interests with those of the Company’s stockholders.

As a result of the Board’s approval of the Plan, S-8 common stock was awarded to: Matthew McGahan, CEO, who received a 125,000 share common stock grant (not as yet issued), Robert Stubblefield, CFO, received 25,000 shares of common stock and Greg Potts, COO, received 25,000 shares of common stock. Ryan Peterson, EVP of Technology, is to receive 25,000 shares of common stock which are yet to be issued.

Fiscal 2022

There were no equity awards granted to our named executive officers during fiscal 2022.

| 81 |

Cash Compensation

Base Salary

Base salaries are generally set at levels deemed necessary to attract and retain our executives. We provide each