Company: ANTX
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0000950170-25-052852
Chunk: 37

Company: AN2 Therapeutics, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 37
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 date, with the remaining 75% of the underlying shares vesting on a monthly basis thereafter subject to the executive’s continuous employment. The option is subject to the vesting acceleration provision described above under “—Potential Payments and Benefits upon Termination or Change in Control.” (5) These RSUs vest in respect of 25% of the underlying shares on January 1, 2025 and 50% of the underlying shares on January 1, 2026, with the remaining 25% of the underlying shares vesting on July 1, 2026, subject to the executive’s continuous employment. The RSUs are subject to the vesting acceleration provision described above under “—Potential Payments and Benefits upon Termination or Change in Control.” (6) The option vests in respect of 1/12th of the underlying shares on each monthly anniversary of the vesting commencement date, subject to Dr. Eckburg’s continued service with us through each vesting date. As of December 31, 2024, all shares were vested. (7) The market value of the RSUs that have not vested is calculated by multiplying the closing trading price of our common stock on December 31, 2024 of $1.38 per share by the number of restricted stock units outstanding under the award. Other Compensation and Benefits All of our current named executive officers are eligible to participate in our employee benefit plans, including our medical, dental and vision plans, in each case on the same basis as all of our other employees. We pay the premiums for the medical, disability, and accidental death and dismemberment insurance for all of our employees, including our named executive officers. We generally do not provide perquisites or personal benefits to our named executive officers. 401(k) Plan We maintain a 401(k) retirement savings plan for the benefit of our employees. Under the 401(k) plan, eligible employees may elect to defer a portion of their compensation, within the limits prescribed by the Code, on a pre-tax or after-tax (Roth) basis, through contributions to the 401(k) plan. The 401(k) plan is intended to qualify under Sections 401(a) and 501(a) of the Code. As a tax-qualified retirement plan, pre-tax contributions to the 401(k) plan and earnings on those pre-tax contributions are not taxable to the employees until distributed from the 401(k) plan, and earnings on Roth contributions are not taxable when distributed from the 401(k)