Company: FENC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001558370-25-005563
Chunk: 39

Company: FENNEC PHARMACEUTICALS INC.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 39
---
585,278 Common Shares have been awarded under the Equity Incentive Plan (representing approximately 2.1% of the current issued and outstanding Common Shares). The Equity Incentive Plan has 457,170 unallocated equity awards (representing approximately 1.7% of the currently issued and outstanding Common Shares).

| ​          | ​ |                  ​ | ​ | ​                       |
| 27,597,938 |   | Shares outstanding |   | ​                       |
| 6,899,485  |   |               25.0 | % |                         |
| 5,857,036  |   |               21.2 | % | Options issued          |
| 585,278    | ​ |                2.1 | % | RSU's unreleased        |
| 457,171    |   |                1.7 | % | Equity Awards Available |

Option grants outstanding under the Prior Plan continue to be subject to the terms of that plan and if those awards subsequently are exercised, expire, are forfeited or canceled, or are settled in cash, the Common Shares subject to those awards will be available for new awards under the Equity Incentive Plan, as the case may be. The major features of the Equity Incentive Plan are summarized as follows: Plan Shares. The maximum number of Common Shares that may be issued in connection with any awards granted under the under the Equity Incentive Plan, together with the Prior Plan, is twenty-five percent (25%) of the total number of all issued and outstanding common shares from time to time. Shares of common stock that are forfeited, cancelled, held back upon the exercise or settlement of an award to cover the exercise price or tax withholding,

Page25

reacquired by us prior to vesting, satisfied without the issuance of common stock or otherwise terminated (other than by exercise) under the Prior Plan or the Equity Incentive Plan are added back to the shares of common stock available for issuance under the Equity Incentive Plan.

Administration. The Equity Incentive Plan will be administered by the Compensation Committee. The Compensation Committee has full power to select, from among the individuals eligible for awards, the individuals to whom awards will be granted, to make any combination of awards to participants, and to determine the specific terms and conditions of each award, subject to the provisions of the Equity Incentive Plan.

Eligibility. All full-time and part-time officers, employees, non-employee directors and consultants are