Company: LTRYW
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001641172-25-005663
Chunk: 199

Company: Lottery.com Inc.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 199
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 718”). As required by SEC rules, awards are reported in the year of grant. For more information, see “Narrative Disclosure            
 to Summary Compensation Table — Supplemental Table” below.                                                                            |
| (3) | Refers                                                                                                                                
 to any annual bonus, each of which is subject to the approval of the Compensation Committee of the Board.                             |
| (4) | 125,000 S-8 shares were reserved for later issuance and were issued on ??? date issued.                                               |
| (5) | The Company is investigating any potential U.S. tax consequences                                                                      
 as the result of Company employees or directors residing for extended periods of time at the Company’s Boca Raton, Florida,           
 campus while conducting business. As appropriate, individual tax assessments are being determined and will be applied according to    
 U.S. tax law                                                                                                                          |

| 83 |

Narrative Disclosure to Summary Compensation Table

Equity Awards

On October 10, 2023, the Board approved the “2023 Employees Directors and Consultants Stock Issuance and Option Plan” (the “Plan”) in order for the Company to be able to attract and retain key personnel and to provide a means whereby certain directors, officers, employees, consultants and advisors of the Company can acquire and maintain an equity interest in the Company, or be paid incentive compensation, which may be measured by reference to the value of Common Stock, thereby strengthening their commitment to the welfare of the Company and its Affiliates and aligning their interests with those of the Company’s stockholders.

Fiscal 2023

Following the Board’s approval of the Plan, S-8 common stock was awarded to: Matthew McGahan, CEO, who received a 125,000 share common stock grant (issued subsequently on January 22, 2024), Robert Stubblefield, CFO, received 25,000 shares of common stock and Gregory Potts, COO, received 25,000 shares of common stock.

Fiscal 2024

During 2024 additional S-8 common stock was awarded
to Matthew McGahan, CEO, who received a 175,000 share common stock grant (issued subsequently on January 22, 2024),
Robert Stubblefield, CFO, received 20,000 shares of common stock and Greg Potts, COO, received 5,000 shares of common stock.

During 2024, restricted stock units for common stock
were awarded to Matthew McGahan, CEO, who received a grant for 195