Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 521

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 3
Chunk 521
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)
    225,000
    shares in March 2025 to the Company’s executive officers for performance services fair valued at market on the date of grant
    of $156,250;
  
    xxviii)
    68,628
    shares in March 2025 to the Company’s executive officers for conversion of accrued bonus fair valued at $35,000;
  
    xxix)
    150,072
    shares in March 2025 for stock option buyout program fair valued at $72,808;
  
    xxx)
    20,312 shares related to
    vesting of restricted stock units (“RSUs”), vesting in March 2025;
  
    xxxi)
    2,317 shares in March 2025
    related to a cashless warrant exercise

For
the year ended March 31, 2024, the Company issued 6,108,400 shares of common stock as follows:

    i)
    793,585 shares
    in connection with the sale of stock in a registered direct offering which closed in April 2023 in exchange for proceeds of $2,182,359
    net of offering costs of $88,765, at a price of $2.75 per share. The Company received $137,500 of those proceeds on March 31, 2023.
    The Company recorded this in common stock to be issued at March 31, 2023, and moved it to common stock and additional paid-in capital
    upon the issuance of shares of common stock in April 2023.
  
    ii)
    From April 2023 through
    June 2023, 30,300 shares related to vesting of RSUs to John Lai, the Company’s Chief Executive Officer, in lieu of compensation
    valued as of $74,589;
  
    iii)
    From April 2023 through
    June 2023, 49,998 shares to service providers for consulting services valued at $123,078;
  
    iv)
    From July 2023 through
    September, 2023, 349,498 shares to service providers for consulting services valued at market on the date of grant of $740,978; 
  
    v)
    In August 2023, sale of
    1,200,002 shares of common stock in exchange for proceeds of $1,775,782, net of offering costs of $24,218, at a