Company: APM
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001213900-25-118752
Chunk: 446

Company: Aptorum Group Ltd
Filing Date: 2025-12-05
Form: 424B5
Chunk 446
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, 2024, the Company issued a warrant for 29,336 shares of the Company’s common stock at an exercise price of $5.87 per share. The warrant expired in the year ended May 31, 2025, in accordance with its terms.

Stock Option Plans

The Company maintains stock option plans, under which shares are available for issuance of stock-based awards under terms established by the board of directors. Through May 31, 2025, awards under the plans generally consisted of options with exercise prices equal to fair market value, vesting and service conditions of 18 months to three years without market or performance conditions and ten-year lives. Options granted in the year ended May 31, 2024 for an aggregate of 246,000 shares are subject to vesting conditions related to research and financing milestones. As of May 31, 2025, 600,000 shares remain available for future grant under the 2024 Stock Option Plan. The number of shares available under the 2024 Stock Option Plan will increase by 2% per year or such lower number of shares as may be determined by the Company’s board of directors.

The following is an analysis of the stock option activity under the Plans:

|                          |     | Number |          |   |     | Weighted 
 Average  
 Exercise 
 Price    |      |     | Weighted  
 Average   
 Remaining 
 Life      |
|:-------------------------|:----|:-------|---------:|:--|:----|:---------|-----:|:----|:----------|
| Outstanding May 31, 2023 |     |        |  557,450 |   |     | $        | 6.04 |     |           |
| Granted                  |     |        |  153,000 |   |     |          | 0.01 |     |           |
| Exercised                |     |        |        — |   |     |          |    — |     |           |
| Expired or forfeited     |     |        | (198,500 | ) |     |          | 4.95 |     |           |
| Outstanding May 31, 2024 |     |        |  511,950 |   |     | $        | 4.66 |     |           |
| Granted                  |     |        |        — |   |     |          |    — |     |           |
| Exercised                |     |