Company: EDSA
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001171843-25-002028
Chunk: 58

Company: Edesa Biotech, Inc.
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 58
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383,040 common shares at prices ranging and $4.10 to $56.49 and a tranche at C$15.12 were outstanding at March 18, 2025. RSUs convertible into 98,147 common shares were outstanding at March 18, 2025. If the amendment to the 2019 Plan is approved by our shareholders, the 2019 Plan will have 1,867,050 shares available for awards to eligible participants.

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Any shares that are subject to awards of option are counted against the 2019 Plan Share Reserve as one (1) share for every one (1) share granted. Any shares that are subject to awards other than options are counted against the 2019 Plan Share Reserve as one and one-half (1.5) shares for every one (1) share granted. If the amendment to the 2019 Plan is approved by our shareholders, shares subject to all awards granted on and after March 18, 2025, whether granted as options, restricted shares or RSUs, will count against the 2019 Plan Share Reserve as one (1) share for every one (1) share granted.

If any shares subject to (i) any award under the 2019 Plan expire or otherwise terminate without issuance of such shares, or (ii) any award under the 2019 Plan is settled for cash or otherwise does not result in the issuance of all or a portion of the shares subject to such award, the shares to which those awards were subject will, to the extent of such forfeiture, expiration, or termination, cash settlement or non-issuance, again be available for delivery with respect to awards under the 2019 Plan.

Any share that again becomes available for delivery pursuant to the provisions described above will be added back as one share if the share was subject to an option, and as 1.5 shares if such share was subject to an award other than an option. If the amendment to the 2019 Plan is approved by our shareholders, shares subject to awards made on or after March 18, 2025, whether granted as options, restricted shares or RSUs, will be added back as one share if and to extent that the shares again become available for delivery pursuant to the provisions described above. Shares subject to awards other than options granted prior to March 18, 2025 will continue to be added back to the 2019 Plan Share Reserve as 1.5 shares