Company: SINT
Filing Date: 2025-07-31
Form Type: DEF 14A
Source: 0001641172-25-021774
Chunk: 41

Company: Sintx Technologies, Inc.
Filing Date: 2025-07-31
Form: DEF 14A
Chunk 41
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 by the rules and regulations of any stock exchange or trading market.

Automatic Share Reserve Increase

The number of Shares available for grant and issuance under the Plan shall be increased on January 1, of each of the ten (10) calendar years during the term of the Plan beginning January 1, 2026, by the lesser of (i) ten percent (10.0%) of the number of Shares outstanding on each December 31 immediately prior to the date of increase or (ii) such number of Shares determined by the Board. For purposes of calculating the annual increase under this section, the number of Shares outstanding shall be deemed to include all shares of Common Stock issued and outstanding as of December 31st of the preceding calendar year, plus all shares of Common Stock issuable upon exercise, conversion, or exchange of all outstanding options, warrants, and convertible securities as of such date. Notwithstanding the foregoing, the Board of Directors may act prior to January 1st of a given year to provide that there will be no Annual Increase for such year, or that the Annual Increase for such year will be a lesser number of shares of Common Stock than would otherwise occur.

Stock Options

Subject to the terms and provisions of the Plan, options to purchase shares may be granted to eligible individuals at any time and from time to time as determined by the Committee. Options may be granted as incentive stock options or as nonqualified stock options. All of the shares available for issuance under the Plan may be issued pursuant to incentive stock options. The Committee will determine the number of options granted to each recipient. Each option grant will be evidenced by an award agreement that specifies whether the options are intended to be incentive stock options or nonqualified stock options and such additional limitations, terms and conditions as the Committee may determine.

The exercise price for each stock option may not be less than 100% of the fair market value of a share on the date of grant, and each stock option shall have a term no longer than 10 years. As of April 7, 2025, the closing price of our common stock as reported on Nasdaq Capital Market was $0.3199 per share. Stock options granted under the Plan may be exercised by such methods and procedures as determined by the Committee from time to time.

The grant of a stock option does not accord the recipient any of the rights of a shareholder, and such rights accrue only after the exercise of the stock option and the registration of shares in the recipient’s name.

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Stock Appreciation