Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 32

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 32
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 year                        |     | $ | (299,274 | ) |     | $ | (4,148,021 | ) |     | $ | (1,545,275 | ) |
| Add: Fair value as of vest date of awards granted and vested in the fiscal year                                                                                                                                          |     | $ |   72,416 |   |     | $ |  1,411,217 |   |     | $ |  1,186,095 |   |
| Add: Change in fair value as of vesting date, compared to prior fiscal year-end, of awards granted in any prior fiscal year for which all vesting conditions were satisfied at fiscal year-end or during the fiscal year |     | $ |  (34,880 | ) |     | $ |   (594,703 | ) |     | $ |    (58,386 | ) |
| Less: Forfeitures during fiscal year equal to prior fiscal year-end value                                                                                                                                                |     | $ |        — |   |     | $ |          — |   |     | $ |          — |   |
| Total Adjustments                                                                                                                                                                                                        |     | $ | (370,320 | ) |     | $ | (3,211,134 | ) |     | $ |  1,096,849 |   |
| Compensation Actually Paid to PEO                                                                                                                                                                                        |     | $ |  489,829 |   |     | $ | (2,434,052 | ) |     | $ |  3,434,517 |   |

| -20- |

The following table sets forth the adjustments made to the SCT total for
each year represented in the pay versus performance table to arrive at “compensation actually paid” to our PEO, as computed
in accordance with Item 402(v) of Regulation S-K:

|                                                                                                                                                                                                                         |     | 2025 (1)(2) |         |   |     | 2024(1)(2) |          |   |     | 2023(1)(2) |           |   |
|:------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:------------|--------:|:--|:----|:-----------|---------:|:--|:----|:-----------|----------:|:--|
| Average SCT Total for Non-PEO NEOs                                                                                                                                                                                      |     | $           | 543,336 |   |     | $          |  504,418 |