Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 328

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 328
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, 2021 to directors, employees, external consultants and advisors of the Group with an exercise price of $27.6 per share, which
was based on the average closing price of the shares traded on the NASDAQ stock exchange for the five trading days immediately preceding
the grant date.36,796 options vest on January 1, 2022, and expire on December 31, 2032; 36,808 options vest on January 1,
2023 and expire on December 31, 2033; 906 options vest on June 8, 2021 and expire on June 7, 2032; and 725 options vest on July 14, 2021
and expire on July 13, 2032.

153,146 options were granted
on March 8, 2022, to directors, employees, external consultants and advisors of the Group with an exercise price of $13.4 per share, which
was based on the average closing price of the shares traded on the NASDAQ stock exchange for the five trading days immediately preceding
the grant date.74,881 options vest on January 1, 2023, and expire on December 31, 2033; 74,906 options vest on January 1,
2024, and expire on December 31, 2034; 1,866 options vest on June 8, 2022, and expire on June 7, 2033; and 1,493 options vest on July
14, 2022, and expire on July 13, 2033.

On March 31, 2023, we entered
into exchange agreements and cancelled 177,667 existing vested and unvested share options held by related parties option holders and cancelled
our obligations for deferred cash bonus payables of $3.1 million by granting of 403,820 share options (“New Options”) with
6 months vesting period. The New Options’ exercise price was $2.68 per share, which was based on the last closing price of the shares
traded on the NASDAQ stock exchange on the grant date. All options fully vested on October 1, 2023, and expires on September 30, 2033.
On March 31, 2023, we entered into supplemental agreements with the same related parties option holders to provide additional cash compensation
to cover the exercise price of the New Options. On March 31, 2023,