Company: PFSA
Filing Date: 2025-09-17
Form Type: S-1/A
Source: 0001213900-25-088333
Chunk: 260

Company: Profusa, Inc.
Filing Date: 2025-09-17
Form: S-1/A
Chunk 260
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ive Plan (the “Plan”) under which 2,000,000shares of the Company’s common stock have been initially reserved for issuance to employees, directors and consultants. Options granted under the Plan may be either incentive stock options (“ISO”) or nonqualified stock options (“NSO”). ISOs may be granted only to Company employees, including officers and directors who are also employees. NSOs may be granted to Company employees, consultants and advisors.

F-24

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 9 — Stock Option Plan (cont.)

A person who owns (or is deemed to own) stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company will not be granted an ISO unless the exercise price of such option is at least one hundred ten percent (%) of the Fair Market Value on the date of grant and the option is not exercisable after the expiration of years from the date of grant. Options granted generally vest over four years.

Activity under the Plan is set forth below:

| Stock Option Activity                            |     | Options Outstanding 
              Shares 
           Available 
           for Grant |     | Number of 
   Options |   |     | Weighted- 
 Average   
 Exercise  
 Price Per 
 Share     |       |     |   Weighted- 
     Average 
   Remaining 
 Contractual 
        Term 
  (in years) |
|:-------------------------------------------------|:----|--------------------:|:----|----------:|:--|:----|:----------|------:|:----|------------:|
| Balances at January 1, 2024                      |     |           1,550,091 |     | 2,982,055 |   |     | $         |  0.40 |     |        3.70 |
| Options granted                                  |     |                   — |     |         — |   |     | $         |     — |     |             |
| Options exercised                                |     |                   — |     |         — |   |     | $         |     — |     |             |
| Options expired                                  |     |              10,000 |     |   (10,000 | ) |     | $         | 0.001 |     |             |
| Options cancelled/forfeited                      |     |                   — |     |         — |   |     | $         |