Company: APM
Filing Date: 2025-10-06
Form Type: S-4
Source: 0001213900-25-096656
Chunk: 200

Company: Aptorum Group Ltd
Filing Date: 2025-10-06
Form: S-4
Chunk 200
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 such family members, or any other entity affiliated with the participant that the Compensation Committee may approve. Notwithstanding the foregoing, any shares awarded (subject to any vesting requirements in a given grant) may be transferred in accordance with applicable law. 96 Termination The Compensation Committee may terminate the 2025 Incentive Plan at any time. If not sooner terminated by the Combined Company Board, the 2025 Incentive Plan will terminate on the tenth anniversary of its effective date. The 2025 Incentive Plan may be amended by the Combined Company Board, but without further approval by the stockholders of the Combined Company, the Combined Company Board shall not amend the 2025 Incentive Plan in any manner that requires shareholder approval under the Internal Revenue Code of 1986, as amended. The Combined Company Board may condition any amendment on the approval of the stockholders if such approval is necessary or deemed advisable with respect to the applicable listing or other requirements of a national securities exchange or other applicable laws, policies or regulations. Tax Consequences The following is a summary of certain of the federal income tax consequences of certain transactions under the 2025 Incentive Plan. This summary is not intended to be exhaustive and does not describe state or local tax consequences. In general, an optionee will not recognize income at the time a nonqualified stock option is granted. At the time of exercise, the optionee will recognize ordinary income in an amount equal to the difference between the option price paid for the shares and the fair market value of the shares on the date of exercise. At the time of sale of shares acquired pursuant to the exercise of a nonqualified stock option, any appreciation (or depreciation) in the value of the shares after the date of exercise generally will be treated as capital gain (or loss). An optionee generally will not recognize income upon the grant or exercise of an incentive stock option. If shares issued to an optionee upon the exercise of an incentive stock option are not disposed of in a disqualifying disposition within two years after the date of grant or within one year after the transfer of the shares to the optionee, then upon the sale of the shares any amount realized in excess of the option price generally will be taxed to the optionee as long -termcapital gain and any loss sustained will be a long -termcapital loss. If shares acquired upon the exercise of an incentive stock option are disposed of prior to the expiration of either holding period described above, the optionee generally will recognize ordinary income in the year