Company: PTPI
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001104659-25-025104
Chunk: 69

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 69
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”
under Section 280G of the Code, then the value of any such accelerated rights received by such individual may be included in determining
whether or not such individual has received an “excess parachute payment” under Section 280G of the Code, which could
result in (i) the imposition of a 20% federal excise tax (in addition to federal income and employment taxes, if applicable) payable
by the individual on the value of such accelerated rights, and (ii) the loss by the Company of a corresponding compensation deduction
on such amounts.

New Plan Benefits

With respect to the increased
number of shares reserved under the 2020 Plan pursuant to the Third Amendment, the Company cannot currently determine the benefits or
number of shares subject to awards that may be granted in the future to eligible participants under the 2020 Plan because the grant of
awards and terms of such awards are to be determined in the discretion of the committee.

The market value of the Company’s Common Stock is $0.0779 per
share based on the closing price of our Common Stock on March 17, 2025.

<div align='center'>41</div>

Required Vote

The affirmative vote of the holders of a majority of the stock having
voting power present by virtual attendance or represented by proxy and entitled to vote on the Plan Amendment Proposal is required to
approve the Plan Amendment Proposal. “ABSTAIN” votes will have the same effect as votes cast “AGAINST” the Plan
Amendment Proposal. Because the Plan Amendment Proposal is not considered a routine matter, your bank, broker, trustee or other nominee,
as the case may be, will not be able to vote your shares without your instruction with respect to the Plan Amendment Proposal. As a result,
the failure to instruct your bank, broker, trustee or other nominee as to how to vote on the Plan Amendment Proposal will result in a
broker non-vote, which will have no effect on the results of this vote.

<div align='center'>THE BOARD RECOMMENDS THAT YOU VOTE “FOR” THE PLAN AMENDMENT
PROPOSAL, AND PROXIES SOLICITED BY THE BOARD WILL BE VOTED IN
FAVOR OF THE PROPOSAL UNLESS A STOCKHOLDER INDICATES OTHERWISE

ON THE PROXY.

42

PROPOSAL NO. 4 - SHARE INCREASE PROPOSAL</div>

Our Board has approved, subject
to stockholder approval, an amendment to our Charter