Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 1343

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 5
Chunk 1343
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On
December 18, 2023, the Company granted non-qualified stock options to purchase 88,909 of common stock to Christer Rosén at an
exercise price of $1.33 per share.

On
December 18, 2023, the Company granted non-qualified stock options to purchase 69,675 of common stock to Marshall Hayward at an exercise
price of $1.33 per share.

On
December 18, 2023, the Company granted non-qualified stock options to purchase 22,320 of common stock to Saleem Elmasri, CPA at an exercise
price of $1.33 per share.

Other
Benefits

In
2024 and 2023, our NEOs were reimbursed for healthcare expenses. The amounts paid to our NEOs in respect of these benefits is reflected
above in “—2024 Summary Compensation Table.”

2023
Equity Incentive Plan

Overview

The
Board of Directors and shareholders holding a majority of the Company’s voting capital approved and adopted the 2023 Equity Incentive
Plan (the “2023 Plan”) on October 4, 2023, respectively. The 2023 Plan authorizes the issuance of up to an aggregate maximum
of 4,012,785 shares of the common stock, subject to adjustment as described in the 2023 Plan. The 2023 Plan shall be administered by
the Board or one or more committees appointed by the Board or another committee (“Administrator”). The Administrator, in
its discretion, selects the individuals to whom awards may be granted, the time or times at which such awards are granted, and the terms
of such awards. The 2023 Plan authorizes the Company to grant stock options, stock appreciation rights, restricted shares, restricted
share unit, cash awards, other awards, and performance-based awards. Awards may be granted to the Company’s officers, employees,
directors and consultants.

The
purpose of 2023 Plan is to promote the success of the Company and to increase stockholder value by providing an additional means through
the grant of awards to attract, motivate, retain and reward selected employees and other eligible persons. The Board may, at any time,
terminate or, from time to time, amend, modify or suspend this 2023 Plan, in whole or in part. To the extent then required by applicable
law or any applicable stock exchange or required under the Internal Revenue Code to preserve the intended tax consequences of the