Company: HYSR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108125
Chunk: 15

Company: SUNHYDROGEN, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 15
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-employees in non-capital raising transactions for services
and for financing cost.

As of September 30, 2025, under the 2019 Equity
Incentive Plan, there were 279,270,561 stock options and shares issued, with 20,729,439 shares remaining available for issuance.

11

2022 Equity Stock Incentive Plan

On January 27, 2022, the Company adopted the 2022
Equity Incentive Plan, to enable the Company to attract and retain the types of employees, consultants, and directors who will contribute
to the Company’s long-range success. The maximum number of shares of common stock that may be issued under the 2022 Plan is initially
400,000,000. The number of shares automatically be increases on the first day of the Company’s fiscal year beginning in 2023 so
that the total number of shares issuable equals fifteen percent (15%) of the Company’s fully diluted capitalization on the first
day of the Company’s fiscal year, unless the Board adopts a resolution providing that the number of shares issuable under the 2022
Plan shall not be so increased.

As of July 1, 2025, the maximum number of shares
issuable under the 2022 Equity Incentive Plan increased to 996,837,064 shares, based on the Company’s fully diluted capitalization
of 6,356,991,335. As of September 30, 2025, there were 348,600,000 stock options and shares issued, with 648,237,064 shares remaining
available for issuance under the 2022 Plan.

6.STOCK OPTIONS AND WARRANTS

Options

Transactions involving our options are summarized
as follows:

    Weighted 

    Average 

    Weighted  
    Grant-Date 

    Number of  
    Average  
    Per Share 

    Options  
    Exercise Price  
    Fair Value 
  
    Options outstanding at June 30, 2025 
     428,965,911  
    $0.013  
    $0.012 
  
    Granted 
     -  
    $-  
    $- 
  
    Canceled/Expired 
     -  
    $-  
    $- 
  
    Exercised 
     -  
    $-  
    $- 
  
    Options outstanding at September 30,