Company: JUNS
Filing Date: 2025-11-06
Form Type: DEF 14A
Source: 0001493152-25-020988
Chunk: 61

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-11-06
Form: DEF 14A
Chunk 61
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 outstanding stock options or other awards of that other company will not reduce the Shares available for issuance under the 2025 Plan. The Shares available for any incentive stock options granted under the 2025 Plan will be limited to 5,250,000 Shares, adjusted as stated above. The maximum value of Shares subject to awards during a single fiscal year to any non-employee director, taken together with any cash fees paid during the fiscal year to the non-employee director, in respect of the non-employee director’s service as a member of the Board during such year (including service as a member or chair of any committees of the Board), shall not exceed $750,000 in total value, increased to $1,000,000 for the first year of the director’s service.

Participation

Our Compensation Committee will be authorized to grant awards under the 2025 Plan to (a) employees and consultants of us and our subsidiaries and affiliates, (b) those individuals who have accepted an offer of employment from us or our subsidiaries or affiliates, and (c) our non-employee directors. However, only employees of us and our subsidiaries will be eligible to receive “incentive stock options” under the 2025 Plan. As of the Record Date, October 24, 2025, we had a total of 4 employees, including 4 executive officers, 4 non-employee directors, and 10 consultants who would be eligible to receive awards under the 2025 Plan.

Stock Options

A stock option is the right to purchase a specified number of Shares in the future at a specified exercise price and subject to the other terms and conditions that will be specified in the option agreement and the 2025 Plan. Stock options granted under the 2025 Plan will be either “incentive stock options,” which may be eligible for special tax treatment under the Code, or options other than “incentive stock options,” referred to as “nonqualified stock options,” as determined by our Compensation Committee. All stock options that are intended to qualify as “incentive stock options” will be granted pursuant to award agreements expressly stating that the options are intended to qualify as incentive stock options, and will be subject to the terms and conditions that comply with the rules provided under section 422 of the Code. The number of Shares covered by each option will be determined by our Compensation Committee. The exercise price of each option will be set by our Compensation Committee but cannot be less than 100% of the fair market value of our