Company: PTHS
Filing Date: 2025-05-27
Form Type: DEFM14C
Source: 0001140361-25-020509
Chunk: 484

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-27
Form: DEFM14C
Chunk 484
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 of shares of Channel common stock held by Ligand to exceed 49.9% of the total number of issued and outstanding shares of Channel common stock. The business address for Ligand is 555 Heritage Drive, Suite 200, Jupiter, Florida 33458. |

| (2) | For Mr. Knuettel, includes 22,223 shares of Channel common stock issuable upon the exercise of stock options which are exercisable for shares of Channel common stock at a price of $22.68 per share, 2,778 shares of Channel common stock issuable upon the exercise of stock options which are exercisable for shares of Channel common stock at a price of $22.68 per share, 27,778 shares of Channel common stock issuable upon the exercise of stock options which are exercisable for shares of Channel common stock at a price of $22.68 per share, |

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121,500 shares of Channel common stock issuable upon the exercise of stock options which are exercisable for shares of Channel common stock at a price of $1.30 per share and 110,953 shares held by the Lara Knuettel Revocable Trust. The option for 121,500 shares is owned by Mr. Knuettel directly and all other stock options are held of record by Camden. Mr. Knuettel serves as Managing Member of Camden and co-trustee, with individual dispositive power of the Lara Knuettel Revocable Trust, and accordingly, may be deemed to beneficially own the shares of Channel common stock owned directly by Camden and the Lara Knuettel Revocable Trust.

| (3) | For Mr. Davis, includes 20,001 shares of Channel common stock issuable upon the exercise of stock options held by Mr. Davis, which are exercisable for shares of Channel common stock at a price of $22.68 per share, 22,223 shares of Channel common stock issuable upon the exercise of stock options held by Mr. Davis, which are exercisable for shares of Channel common stock at a price of $22.68 per share, an RSU for 64,039 shares and an additional 29,167 shares of Channel common stock issued in a private placement in full satisfaction of Channel’s obligations under the Director Note. |

| (4) | For Mr. Friedberg, includes 15,000 shares of Channel common stock issuable upon the exercise stock options held by Mr. Friedberg, which are