Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 277

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 277
---
     |           |      - |   |     |             |      - |   |     |          |      - |   |     |              |   - |     |           |           |
| Forfeited/cancelled (uncancelled) |     |           |      - |   |     |             |      - |   |     |          |      - |   |     |              |   - |     |           |           |
| Outstanding at December 31, 2023  |     |           | 10,455 |   |     |             | 17,283 |   |     | $        |   8.20 |   |     |              | 2.4 |     | $         |   944,544 |

Stock-based compensation expense related to the employee options was $ 0for the year ended December 31, 2023, and 2022.

Restricted awards

The Company awarded restricted stock to employees on October 28, 2021, which were granted with various vesting terms including immediate vesting, service-based vesting, and performance-based vesting. In accordance with ASC 718, the Company has classified the restricted stock as equity.

For employee issuances, the measurement date is the date of grant, and the Company recognizes compensation expense for the grant of the restricted shares, over the service period for the restricted shares that vest over a period of multiple years and for performance-based vesting awards, the Company recognizes the expense when management believes it is probable the performance condition will be achieved. As of December 31, 2021, the Company had granted 191,622shares with vesting to begin April 2022. For the year ended December 31, 2022, the Company recognized $ 27,137,991of stock compensation expense related to the employee restricted stock grants. As of December 31, 2023, unrecognized stock-based compensation associated with the restricted stock awards is $ 0.

The Company had restricted stock activity summarized as follows:

Schedule of Restricted Stock Awards Activity

|                                                 |     | Number of 
 Shares    |          |   |     | Weighted   
 Average    
 Grant      
 Fair Value |        |
|:------------------------------------------------|:----|:----------|---------:|:--|:----|:-----------|-------:|
| Outstanding at December 31, 2021                |     |           |  191,622 |   |     | $          | 295.00