Company: SHPH
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001493152-25-008300
Chunk: 454

Company: Shuttle Pharmaceuticals Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 454
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iantion, subject to his continued compliance with certain requirements of his employment agreement. Mr. Dritschilo
accepted a reduced salary prior to the Company’s completion of its initial public offering in September 2022.

Employment
Agreement with Tyvin Rich, M.D.

On
May 31, 2019, we entered into an employment agreement with our Chief Clinical Officer, Tyvin Rich, M.D. Under Dr. Rich’s employment
agreement, Dr. Rich receives base compensation of $218,000 per year and is entitled to a target bonus of $43,000 upon achievement of
certain milestones. Dr. Rich also received an initial restricted stock unit grant of 3,843 RSUs (481 on a post-reverse split basis) issuable
under the Company’s 2018 Equity Incentive Plan, which RSUs vest over three years in substantially equal installments on each one
year anniversary of the agreement. Under Dr. Rich’s employment agreement, if Dr. Rich terminates his employment for “Good
Reason,” as defined in the agreement, he is entitled to his then applicable base salary for a period of 12 months following termination,
subject to his continued compliance with certain provisions of his employment agreement. Dr. Rich accepted a reduced salary prior to
the Company’s completion of its initial public offering in September 2022.

Employment
Agreement with Mira Jung, Ph.D.

Under
Dr. Jung’s employment agreement, entered into on May 1, 2023, Dr. Jung receives base compensation of $46,800 per year (representing
a 20% time commitment) and is entitled to a target bonus of $14,200 upon achievement of certain milestones. She also received an additional
grant worth $20,200 worth of RSUs in May 2023, vesting annually in one-third increments commencing on the first anniversary date of the
grant of RSUs. Dr. Jung also received an initial RSU grant of 892 RSUs (112 on a post-reverse split basis) issuable under the Company’s
2018 Equity Incentive Plan in May 2019, which RSUs vest over three years in substantially equal installments on each one-year anniversary
of the agreement. Under Dr. Jung’s employment agreement, if Dr. Jung terminates her employment for “Good Reason,” as
defined in the agreement, Dr. Jung is then entitled to her then applicable base salary for period of 12 months, subject