Company: PTHS
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001753926-25-001326
Chunk: 102

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 102
---
    common stock
     
    $
    226.80

    17 

After
the completion of the Company’s IPO, the trading price of the Company’s Common Stock is used as the fair value of
the Company’s Common Stock.

The
Company determined the expected volatility assumption for options granted using the historical volatility of comparable public
companies’ common stock. The Company will continue to monitor peer companies and other relevant factors used to measure
expected volatility for future option grants, until such time that the Company’s Common Stock has enough market history
to use historical volatility.

The
dividend yield assumption for options granted is based on the Company’s history and expectation of dividend payouts. The
Company has never declared nor paid any cash dividends on its Common Stock, and the Company does not anticipate paying any cash
dividends in the foreseeable future.

The
Company recognizes option forfeitures as they occur as there is insufficient historical data to accurately determine future forfeiture
rates.

The
following is an analysis of the stock option grant activity:

    Weighted
    Average

    Weighted
    Average

    Number
    of
    Shares

    Exercise
        
        Price

    Remaining
    Life

    Stock Options

    Outstanding December 31,
    2024

    87,049

    $
    58.50

    9.19

    Granted

    7,899

    13.5

    —

    Expired

    —

    —

    —

    Exercised

    —

    —

    —

    Outstanding June 30, 2025

    94,948

    $
    54.73

    8.78

    Exercisable June 30, 2025

    50,913

    $
    86.50

    8.50

    Weighted
    Average

    Weighted
    Average

    Number
    of
    Shares

    Exercise
        
        Price

    Remaining
    Life

    Stock Options

    Outstanding December 31, 2023

    19,757

    $
    226.80

    9.08

    Granted

    63,400

    $
    13.00

    10.00

    Expired

    (1,112
    ) 
     
    $
    (226.80
    ) 

    —

    Exercised

    —

    $