Company: BFRG
Filing Date: 2025-09-26
Form Type: DEF 14A
Source: 0001493152-25-015716
Chunk: 33

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-09-26
Form: DEF 14A
Chunk 33
---
 % |
| Overhang (2)  |     |         | 8.79 | % |     |         | 8.92 | % |     |               | 10.66 | % |

| (1) | Burn                                                                                              
 rate represents, for each fiscal year (i) the sum of stock options granted plus restricted        
 stock and RSUs awards granted as multiplied by a multiplier based on stock price volatility       
 divided by (ii) the basic weighted average common shares outstanding.                             |
| (2) | Overhang                                                                                          
 represents (i) total plan shares divided by (ii) the sum of total plan shares and common          
 shares outstanding, where total plan shares equals the sum of the number of shares available      
 for future grants under all existing plans, and the number of stock options and RSUs outstanding. |

Administration

The Compensation Committee administers the Plan. The Compensation Committee, acting as the administrator of the Plan has, among other things, the discretionary authority to interpret the Plan, determine eligibility for and grant awards, determine the number of shares subject to any award made under the Plan, determine, modify or waive the terms and conditions of any award, prescribe forms, rules and procedures, and do all things necessary to carry out the purposes of the Plan, all subject to the provisions of and limitations in the Plan. All determinations of the Compensation Committee made under the Plan will be conclusive and will bind all parties. The Compensation Committee may, in its discretion, delegate to one or more individuals the day-to-day administration of the Plan and any of the functions assigned to the Compensation Committee in the Plan.

| 18 |

Eligibility

The persons eligible to receive awards under the Plan are our non-employee directors, officers, other employees, consultants and other persons who provide services to us or an affiliate. As of the Record Date, approximately 24 non-employee directors, employees and consultants were eligible to participate in the Plan.

The following table sets forth summary information as to outstanding awards granted under the Plan to the Named Executive Officers, non-employee directors and non-executive employees and consultants during 2025:

| Name/Group                                         |     | Number of 
 Shares    |         |
| Vin Singh, Chief Executive Officer                 |     |           | 227,273 |
| Josh Blacher, Chief Financial Officer              |     |           |  10,050 |
| Non-Employee Directors as a group                  |     |           |  17,130 |
| Non-Executive Employees and