Company: SXTPW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003343
Chunk: 1369

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 5
Chunk 1369
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 of service. However,
in no event may a stock appreciation right be exercised later than the expiration of its term. Subject to the provisions of the 2022
Plan, the administrator determines the other terms of stock appreciation rights, including when such rights become exercisable and whether
to pay any increased appreciation in cash or with shares of our common stock, or a combination thereof, except that the per share exercise
price for the shares to be issued pursuant to the exercise of a stock appreciation right will be no less than 100% of the fair market
value per share on the date of grant.

Restricted Stock

Restricted stock may be granted under the 2022
Plan. Restricted stock awards are grants of shares of our common stock that vest in accordance with terms and conditions established
by the administrator. The administrator will determine the number of shares of restricted stock granted to any employee, director or
consultant and, subject to the provisions of the 2022 Plan, will determine the terms and conditions of such awards. The administrator
may impose whatever conditions to vesting it determines to be appropriate (for example, the administrator may set restrictions based
on the achievement of specific performance goals or continued service to us); provided, however, that the administrator, in its sole
discretion, may accelerate the time at which any restrictions will lapse or be removed. Recipients of restricted stock awards generally
will have voting and dividend rights with respect to such shares upon grant without regard to vesting, unless the administrator provides
otherwise. Shares of restricted stock that do not vest are subject to our right of repurchase or forfeiture.

Restricted Stock Units

RSUs may be granted under the 2022 Plan. RSUs
are bookkeeping entries representing an amount equal to the fair market value of one share of our common stock. Subject to the provisions
of the 2022 Plan, the administrator determines the terms and conditions of RSUs, including the vesting criteria and the form and timing
of payment. The administrator may set vesting criteria based upon the achievement of Company-wide, divisional, business unit or individual
goals (including continued employment or service), applicable federal or state securities laws or any other basis determined by the administrator
in its discretion. The administrator, in its sole discretion, may pay earned RSUs in the form of cash, in shares of our common stock
or in some combination thereof. Notwithstanding the foregoing, the administrator, in its sole discretion, may accelerate the time at
which any vesting requirements will be