Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 1334

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 5
Chunk 1334
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 Mr. Rosén agreed to forgive the $59,298 of accrued bonus in exchange for 29,415 options to purchase common
stock and an additional 22,237 restricted stock units (total of 164,553 restricted stock units). The options to purchase common stock
have a strike price of $1.33.

 (13)Includes healthcare benefits and 401(k) contribution of $27,259 and $0
respectively, for the fiscal year ended December 31, 2023.

 (14)Includes healthcare benefits and 401(k) contribution of $42,294 and $0
respectively, for the fiscal year ended December 31, 2024.

 (15)During 2023, Ms. Silva agreed to defer all salary compensation
of salary and to reduce her salary to $60,000 beginning on October 1, 2023. The deferred compensation is recorded in accrued compensation
as of December 31, 2023. No interest was accrued or due on the deferred compensation for 2023.

  On September 29, 2023, Ms. Silva agreed to forgive $317,774
of earned compensation in exchange for 157,418 options to purchase common stock, 95,333 restricted stock units, and $39,722 to be paid
out as a bonus upon an IPO. On December 18, 2023 the restricted stock units issued on September 29, 2023 were cancelled and reissued as
part of an additional forgiveness, whereby, Ms. Silva agreed to forgive the $39,722 of accrued bonus in exchange for 19,703 options to
purchase common stock and an additional 14,895 restricted stock units (total of 110,227 restricted stock units). The options to purchase
common stock have a strike price of $1.33.

 (16)Includes healthcare benefits and 401(k) contribution of $35,000 and $0
respectively, for the fiscal year ended December 31, 2023.

Executive
Compensation Philosophy

Our
Board of Directors determines the compensation given to our executive officers in their sole determination. Our Board of Directors reserves
the right to pay our executives or any future executives a salary, and/or issue them shares of common stock issued in consideration for
services rendered and/or to award incentive bonuses which are linked to our performance, as well as to the individual executive officer’s
performance. This package may also include long-term stock-based compensation