Company: NDRA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003612
Chunk: 619

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 619
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(1)Represents unvested portion of stock option award which vests in three equal annual installments beginning on April 5, 2022.(2)Represents unvested portion of stock option award which vests as follows: (i) 25% vests upon the Company’s earning $5 million or more of revenue with a gross margin of 10% or greater, (ii) 25% vests upon the Company’s earning $10 million or more of revenue with a gross margin of 35% or greater, (iii) 25% vests upon the Company’s earning $15 million or more of revenue with a gross margin of 40% or greater, and (iv) 25% vests upon the Company’s earning $20 million or more of revenue with a gross margin of 50% or greater.(3)Represents unvested portion of stock option award which vests in three equal annual installments beginning on March 28, 2023.(4)Represents unvested portion of stock option award which vests in three equal annual installments beginning on January 30, 2024.(5)Represents unvested portion of stock option award which vests in three equal annual installments beginning on February 5, 2022.

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Equity Compensation Plan Table

The following table presents information on the Company’s equity compensation plans as of December 31, 2024. All outstanding awards relate to our common stock.

Plan Category Number of Securities to Be Issued upon Exercise of Outstanding Options, Warrants and Rights(a)  Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights(b)  Number of Securities Remaining Available for Future Issuance under Equity Compensation Plans (Excluding Securities Reflected in Column (a))(c) Equity compensation plans approved by security holders  278(1) $30,628.90   1,459(2)Equity compensation plans not approved by security holders  -   -   - Total  278  $30,628.90   1,459 

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(1) Consists of outstanding stock options exercisable for shares of common stock issued under the 2016 Plan.(2) As of January 1, 2025, as a result of an automatic increase to the pool of shares available for issuance under the 2016 Plan on such date, the number of shares available for future issuance under