Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 533

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 533
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 of ten (10) years from the Grant Date (unless a shorter time is set in the Participant’s award agreement), provided that, ISOs granted to an employee who owns stock possessing more than 10% of the total combined voting power of all classes of stock of the Company must have a per-share exercise price of no less than 110% of the Fair Market Value of one share of Common Stock as of the Grant Date and cannot have a term exceeding five (5) years from the Grant Date. The vested portion of a Stock Option lapses three (3) months following the effective date of the Participant’s termination of employment or twelve (12) months following the effective date of the Participant’s termination of employment due to death or disability, as defined in the Plan (in each case, unless a shorter time is set in the Participant’s award agreement) but in no event later than the expiration of the Stock Option.

<div align='center'>F-49</div>

A summary of Stock Option activity as of December 31, 2024, and December 31, 2023 is as follows:

| ​                                         
 ​                                         
 ​                                         
 (In Thousands except for per share price) | ​ 
 ​ |                                         ​ 
 Weighted Average Exercise Price per Share 
                                         ​ 
                             Stock Options | ​ 
 ​ | ​              
 Exercise Price 
 per Share      |     ​ | ​ 
 ​ |               ​ 
               ​ 
 Term (in years) |
|:------------------------------------------|:--|------------------------------------------:|:--|:---------------|------:|:--|----------------:|
| Outstanding as of December 31, 2022       | ​ |                                    61,288 | ​ | $              |  0.13 | ​ |            8.40 |
| Granted                                   | ​ |                                     1,357 |   | ​              |  0.70 |   |                 |
| Exercised                                 | ​ |                                         — |   | ​              |     — |   |                 |
| Forfeited/cancelled                       | ​ |                                    -7,409 |   | ​              | -0.37 |   |                 |
| Outstanding as of December 31, 2023       | ​ |                                    55,236 | ​ | $              |  0.13 |   |            7.90 |
| Granted                                   | ​ |                                       507 | ​ |                |  0.07 |   |                 |
|