Company: PFSA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112723
Chunk: 176

Company: Profusa, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 176
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 value of each option after. All stock option activity presented in these statements
has been retrospectively adjusted to reflect the conversion.

A person who owns (or is deemed to own) stock possessing more than
ten percent (10%) of the total combined voting power of all classes of stock of the Company will not be granted an ISO unless the exercise
price of such option is at least one hundred ten percent (110%) of the Fair Market Value on the date of grant and the option is not exercisable
after the expiration of five years from the date of grant. Options granted generally vest over four years.

Activity under the Plan is set forth below:

Stock Option Activity

      Options Outstanding  Stock Option Activity  Shares Available for Grant   Number of Options   Weighted-Average Exercise Price Per Share   Weighted-Average Remaining Contractual Term  (in years)   Balances at January 1, 2025   539,564    1,027,897   $  1.16    3.00   Options granted   (539,564)   539,564    3.64        Options exercised   —    —    -        Options expired   —    —    -        Options cancelled/forfeited   4,114    (4,114)   1.83        Balances at September 30, 2025   4,114    1,563,347   $2.02    6.24   Exercisable at September 30, 2025        818,637   $3.02    5.33  

30

     Options Outstanding   Stock Option Activity  Shares Available for Grant   Number of Options   Weighted-
Average Exercise Price Per Share   Weighted-Average Remaining Contractual Term  (in years)   Balances at December 31, 2023   536,105    1,031,356   $1.16    3.70   Options granted   —    —    -        Options exercised   —    —    -        Options expired   3,459    (3,459)