Company: MYSEW
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001213900-25-054788
Chunk: 31

Company: Myseum, Inc.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 31
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 Compensation Committee and Board to be necessary to attract, retain and motivate the individuals who will be critical to our success in achieving our business objectives and thereby creating greater value for our shareholders. In addition to the crucial role, we believe such grants play in attracting and retaining talented individuals, we believe that the equity compensation granted under our 2021 Plan also serves the important function of aligning the interests of participants with those of our shareholders and focusing such participants on the long -termgrowth of the Company. Dilution, Stock Available and Historical Stock Usage Dilution.Subject to shareholder approval of the Plan Amendment, the number of shares of common stock that will be reserved for issuance pursuant to awards granted under the 2021 Plan shall be 1,000,000shares, which represents approximately 17% of the Company’s issued and outstanding shares of the Company’s common stock on a fully diluted basis as of the Record Date. The Board believes that this number of shares of common stock constitutes reasonable potential equity dilution and provides a significant incentive for employees and service providers to increase the value of the Company for all shareholders. The closing trading price of each share of Company common stock as of the Record Date was $2.71. As of the Record Date, we had: (i) 5,026,274shares of common stock outstanding; (ii) 144,570 vested stock options outstanding with a weighted average exercise price of $126.92 per share; (iii) 325,000 unvested stock options outstanding, with a weighted average exercise price of $36.92 per share; and (iv) 67,385 warrants to purchase common stock outstanding, with a weighted average exercise price of $49.80 per share. The additional shares of Company’s common stock available under the 2021 Plan would represent an additional potential equity dilution of approximately 8%. Shares Available; Certain Limitations.The maximum number of shares of common stock reserved and available for issuance under the 2021 Plan will be 1,000,000shares; provided that shares of common stock issued under the 2021 Plan with respect to an Exempt Award will not count against the share limit. We use the term “Exempt Award” to mean (i) an award granted in the assumption of, or in substitution for, outstanding awards previously granted by another business entity acquired by us or any of our subsidiaries or with which we or any of our subsidiaries merges, (ii) an “employment inducement” award as described under applicable law, or