Company: ARTL
Filing Date: 2025-12-11
Form Type: DEF 14A
Source: 0001640334-25-002308
Chunk: 41

Company: ARTELO BIOSCIENCES, INC.
Filing Date: 2025-12-11
Form: DEF 14A
Chunk 41
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 |   654,831 |     |                                            |       - |     |                                  | (808,641 | ) |     |                                       | (153,810 | ) |

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Adjustments to equity value

Set out below is a reconciliation of the Equity Award Adjustments column in the table above:

| Year 
 2024 |     | Year End Fair Value of Equity Awards for PEO ($) | 55,228 |     | Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards for PEO ($) | 4,140    |   |     | Fair value as of Vesting Date of Equity Awards Grated and Vested in the Year for PEO ($) | - |     | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year for PEO ($) | -        |   |     | Total Equity Award Adjustments for PEO ($) | 59,377   |   |
|:-----|:----|:-------------------------------------------------|-------:|:----|:------------------------------------------------------------------------------------------|:---------|:--|:----|:-----------------------------------------------------------------------------------------|:--|:----|:----------------------------------------------------------------------------------------------------------------|:---------|:--|:----|:-------------------------------------------|:---------|:--|
| 2023 |     |                                                  | 79,821 |     |                                                                                           | (124,824 | ) |     |                                                                                          | - |     |                                                                                                                 | (32,814  | ) |     |                                            | (77,817  | ) |
| 2022 |     |                                                  |      - |     |                                                                                           | (595,502 | ) |     |                                                                                          | - |     |                                                                                                                 | (213,139 | ) |     |                                            | (808,641 | ) |

| (2) | The amounts reflected in the columns entitled “Summary Compensation Table Total for PEO”, “Compensation Actually Paid to PEO” and “Deduct Reported Value of Equity Awards” reflect changes from the numbers reported in our 2024 Proxy Statement to correct a calculation error. The illustrative graphs below reflect the updated figures presented herein. |

Analysis of Information Presented in the Pay Versus Performance Table

The following provides an illustration of the relationship between “compensation actually paid” for purposes of the tabular disclosure above and total stockholder return as well as the relationship between compensation actually paid and net loss:

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All information provided above under the “Pay Vers