Company: BIVIW
Filing Date: 2025-08-08
Form Type: 424B5
Source: 0001520138-25-000247
Chunk: 213

Company: BIOVIE INC.
Filing Date: 2025-08-08
Form: 424B5
Chunk 213
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 2024 and March 31, 2025:

| Schedule of unvested of restricted stock units |     | Number of Shares |         |   |     | Weighted   
 Average    
 Grant Date 
 Fair Value 
 Per Share  |       |
|:-----------------------------------------------|:----|:-----------------|--------:|:--|:----|:-----------|------:|
| Unvested at June 30, 2024                      |     |                  |  40,291 |   |     | $          | 44.59 |
| Issued                                         |     |                  | 171,900 |   |     |            |  2.56 |
| Vested                                         |     |                  | (74,643 | ) |     |            | 11.67 |
| Canceled                                       |     |                  | (28,509 | ) |     |            |  6.67 |
| Unvested at March 31, 2025                     |     |                  | 109,039 |   |     | $          | 10.81 |

The total stock-based compensation expense from restricted
stock units for the three months ended March 31, 2025 and 2024 was approximately $321,000 and $336,000, respectively. The total
stock-based compensation expense from restricted stock units for the nine months ended March 31, 2025 and 2024 was approximately $888,000
and $1.0 million, respectively.

F-39

Stock Warrants

The following table summarizes the warrants activity during the nine months
ended March 31, 2025:

| Summary of warrants activity                  |     | Number of Shares |            |   |     | Weighted 
 Average  
 Exercise 
 Price    |       |     | Weighted     
 Average      
 Remaining    
 Life (Years) |     |     | Aggregate 
 Intrinsic 
 Value     |   |
|:----------------------------------------------|:----|:-----------------|-----------:|:--|:----|:---------|------:|:----|:-------------|----:|:----|:----------|:--|
| Outstanding and exercisable at June 30, 2024  |     |                  |  1,932,029 |   |     | $        | 14.03 |     |              | 4.0 |     | $         | - |
| Granted                                       |     |                  | 10,181,