Company: INTS
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001567264-25-000010
Chunk: 48

Company: INTENSITY THERAPEUTICS, INC.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 48
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 one-half years from the issuance date. Authorized sharesPursuant to the sixth amended and restated Certificate of Incorporation, dated June 30, 2023, the total number of shares of all classes of stock which the Company shall have authority to issue is (i) 135,000,000 shares of common stock and (ii) 15,000,000 shares of preferred stock.

Note 10.    Stock Based Compensation

The Company has a 2013 Stock Option Plan (the “2013 Plan”), which is administered by our Compensation Committee. Under the 2013 Plan, stock options to purchase shares of common stock could be granted to eligible employees, officers, directors and consultants of the Company.In 2022, the Company replaced the 2013 Plan with the 2021 Stock Incentive Plan (the “2021 Plan”), authorizing the granting of equity awards for the issuance of up to 3,000,000 shares of common stock. Upon adoption of the 2021 Plan, no more shares would be issued under the 2013 Plan. Starting on January 1, 2022, the shares authorized under the 2021 Plan shall have an annual increase of the lessor of (a) 3.5% of the aggregate number of shares of Common Stock outstanding on the final day of the preceding calendar year, or (b) such smaller amount as determined by the Board. On January 1, 2023 and January 1, 2024, an additional 238,700 and 479,828 shares, respectively, were authorized under the 2021 Plan. As of December 31, 2024, 1,881,649 shares were available for issuance under the 2021 Plan.

F-13

The Company recorded total stock-based compensation in its Statements of Operations as follows (in thousands):Years Ended December 31,20242023Research and development$1,240 $714 General and administrative1,833 684 Total stock-based compensation expense$3,073 $1,398 Stock optionsThe following table summarizes the range of assumptions used to estimate the fair value of stock options issued in 2024 and 2023:20242023Stock price$3.44 to $5.19$2.82 to $6.88Exercise price$3.44 to $5.19$2.82 to $6.88Expected volatility97.06 to 102.16%97.