Company: SHPH
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001493152-25-008300
Chunk: 1559

Company: Shuttle Pharmaceuticals Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 9C
Chunk 1559
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 of 892 RSUs (112 on a post-reverse split basis) issuable under the Company’s
2018 Equity Incentive Plan in May 2019, which RSUs vest over three years in substantially equal installments on each one-year anniversary
of the agreement. Under Dr. Jung’s employment agreement, if Dr. Jung terminates her employment for “Good Reason,” as
defined in the agreement, Dr. Jung is then entitled to her then applicable base salary for period of 12 months, subject to her continued
compliance with certain requirements of her employment agreement. Dr. Jung accepted a reduced salary prior to the Company’s completion
of its initial public offering in September 2022.

80

Outstanding
Equity Awards at Fiscal Year-End

As
of December 31, 2024, a total of 1,109,741 RSUs have been granted to our executive officers and directors under our 2018 Equity Incentive
Plan (the “Plan”), of which 29,263 RSUs had vested and 1,079,645 remain subject to vesting. The Company has filed a registration
statement on Form S-8 (SEC File No. 333-268758) to register shares granted under the Plan.

The
following table sets forth information concerning the number of shares of common stock underlying outstanding equity incentive awards
for each of our executive officers as of December 31, 2024:

    Option Awards  
    Stock Awards 
  
    Name 
    Grant Date 
    Number of Securities Underlying Unexercised Options Exercisable (#)  
    Number of Securities Underlying Unexercised Options Unexercisable (#)  
    Option Exercise Price ($)  
    Option Expiration Date  
    Number of Shares or Units of Stock not yet Vested (#))  
    Market Value of Shares or Units not yet Vested ($) 
  
    Mira Jung1 
    5/1/23 
          -  
         -  
         -  
         -  
     1,194  
    $1,026 
  
    Timothy Lorber2 
    6/13/24 
     -  
     -  
     -  
     -  
     28,455  
    $24,443 

    (1)
    These
    restricted stock units vest in two installments on