Company: BOF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023605
Chunk: 44

Company: BranchOut Food Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 44
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of $2.50 per share, exercisable over a 10-year term, to a new employee. The options will vest quarterly over three years from the date
of grant. The aggregate estimated value using the Black-Scholes Pricing Model, based on a volatility rate of 43% and a call option value
of $1.2384, was $12,384.

On
April 11, 2025, the Company granted options to purchase 30,000 shares of the Company’s common stock, having an exercise price of
$1.93 per share, exercisable over a 10-year term, to one of the Company’s directors. The options vested immediately. The estimated
value using the plain vanilla Black-Scholes Pricing Model, based on a volatility rate of 46% and a call option value of $0.8765, and
an expected term of 5 years, was $26,294.

On
April 14, 2025, the Company granted options to purchase an aggregate 90,000 shares of the Company’s common stock, consisting of
options to purchase 15,000 shares to each of six directors, having an exercise price of $1.94 per share, exercisable over a 10-year term,
including options to purchase 15,000 shares issued to each of the Company’s CEO and CFO in consideration of their services as directors.
The options vest monthly over 6 months following the issuance date. The aggregate estimated value using the plain vanilla Black-Scholes
Pricing Model, based on a volatility rate of 46% and a call option value of $0.8796, and an expected term of 5 years, was $79,170.

    23

BRANCHOUT
FOOD INC.

NOTES
TO THE CONDENSED FINANCIAL STATEMENTS

(Unaudited)

On
June 12, 2025 the Company granted options to purchase 610,000 shares of the Company’s common stock having an exercise price of
$2.06 per share, exercisable over a 10-year term, to employees for services performed. The grant includes options to purchase 180,000
and 20,000 shares to the Company CEO and CFO, respectively. The options vest in 36 equal monthly installments over the three-year period
following the issuance date. The aggregate estimated value using the plain vanilla Black-Scholes Pricing Model, based on a volatility
rate of 56%