Company: LTRYW
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001641172-25-005663
Chunk: 198

Company: Lottery.com Inc.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 198
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 on our current plans, considerations, expectations and determinations regarding future compensation programs. Actual compensation programs that we adopt in the future may differ materially from the existing and currently planned programs summarized or referred to in this discussion.

As an emerging growth company, we have opted to comply with the executive compensation disclosure rules applicable to “smaller reporting companies” as such term is defined in the rules promulgated under the Securities Act, which, in general, require compensation disclosure for our principal executive officer and its two other most highly compensated executive officers, referred to herein as our NEOs.

Introduction

The primary objectives of our executive compensation programs are to attract and retain talented executives to effectively manage and lead our Company. Our NEOs for fiscal 2024 are:

| ● | Matthew                                                                      
 McGahan CEO and former CEO Mark Gustavson [February 01 2023 to July 20 2023] |
|:--|:-----------------------------------------------------------------------------|
| ● | Our                                                                          
 executive officers, Gregory Potts, COO and Robert Stubblefield, CFO          |

Summary Compensation Table

The following table provides summary information concerning compensation of our named executive officers for services rendered to us during the years noted.

|                             |     |      |     |               |         |     |              |         |     |           |         |    |     |        |         |     | Non-Equity       |   |     |                     |   |     |       |           |
|                             |     |      |     |               |         |     |              |         |     | Stock     |         |    |     | Option |         |     | Incentive Plan   |   |     | All Other           |   |     |       |           |
| Name and Principal Position |     | Year |     | Salary(1) ($) |         |     | Bonus(3) ($) |         |     | Awards(2) 
 ($)       |         |    |     | Awards 
 ($)    |         |     | Compensation ($) |   |     | Compensation(5) ($) |   |     | Total 
 ($)   |           |
| Matthew McGahan, CEO        |     | 2023 |     |               | 262,302 |     |              | 131,923 |     |           |       — | -4 |     |        |       — |     |                  |   |     |                     |   |     |       |   394,225 |
|                             |     | 2024