Company: BFRG
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001493152-25-010367
Chunk: 1011

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 9B
Chunk 1011
---
2 Plan became effective immediately on adoption. Our 2022 Plan replaces our previous incentive
plan. However, awards outstanding under our previous incentive plan will continue to be governed by their existing terms.

Share
Reserve. The number of shares of our common stock originally available for issuance under our 2022 Plan was 900,000 shares. Notwithstanding
the number of shares available for issuance, on the first day of each year commencing January 1, 2023, or the first business day of the
calendar year if the first day of the calendar year falls on a Saturday or Sunday, the number of shares eligible for awards under the
2022 Plan will automatically increase to an amount equal to 15% of the total number of shares of common stock outstanding as of December
31st of the preceding fiscal year. Accordingly, as of January 1, 2025, there were 603,456 shares available for issuance under
the 2022 Plan.

    Plan Category 
    Number
                                            of securities to be issued upon exercise of outstanding options, warrants and rights (a)  
    Weighted-average
                                            exercise price of outstanding options, warrants and rights (b)  
    Number of securities remaining available
    for future issuance under equity compensation plans (excluding securities reflected in column (a)) 
  
    Equity compensation plans approved by security holders 
     763,514  
    $4.04  
     150,682 
  
    Equity compensation plans not approved by security holders 
     747,376  
    $1.69  
     0 
  
    Total 
     1,510,890  
    $2.88  
     150,682 

 40 

ITEM
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 

Other
than with respect to compensation arrangements, including employment, and indemnification arrangements, discussed in this Annual Report
on Form 10-K, there have been no transactions since January 1, 2023, in which the amount involved in the transaction exceeded or will
exceed the lesser of $120,000 or one percent of the average of our total assets as at the year-end for the last two completed fiscal
years, and to which any of our directors, executive officers or beneficial holders of more than 5% of our capital stock, or any immediate
family member of, or person sharing the household with, any of