Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 142

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 8
Chunk 142
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 non-qualified stock options, stock appreciation rights,
restricted stock, restricted stock units and other stock or cash-based awards. The number of shares of the Company’s Class A common
stock available for issuance under the 2021 Plan increases annually on the first day of each calendar year, beginning on and including
January 1, 2022 and ending on and including January 1, 2031 by a number of shares of Company common stock equal to five percent (5%)
of the total outstanding shares of Company common stock on the last day of the prior calendar year. Notwithstanding the foregoing, the
Board may act prior to January 1st of a given year to provide that there will be no such increase in the share reserve for such year
or that the increase in the share reserve for such year will be a lesser number of shares of Company common stock than would otherwise
occur pursuant to the preceding sentence.

2023
Equity Incentive Plan

On
October 10, 2023, the Board adopted the Lottery. com 2023 Employees’ Directors’ and Consultants Stock Issuance and Option
Plan (the “2023 Plan”) under which 500,000 shares of Class A common stock were initially reserved for issuance. The 2023
Plan allows for the issuance of incentive and non-qualified stock options, and restricted stock. As of December 31, 2024, the Company
had awarded 350,000 shares under the 2023 Plan.

  F-25  

Stock
Options

On
February 5, 2024, the Company issued stock options to officers, directors, and key consultants. The exercise price for the options is
$1.95 and the maturity date in February 5, 2029. There were no grants of stock options during the year ended December 31, 2023. The following
table shows stock option activity for the years ended December 31, 2024 and 2023:

Schedule
of Stock Option Activity

                                                                                                            Weighted   
                                                                                  Weighted                  Average    
                                                          Average                 Remaining                 Aggregate  
                                                          Exercise                Contractual               Intrinsic  
                                                          Price                   Life                      Value      
  Outstanding               10,455         17,283         $             8.20                       3.4      $          
  Granted                   -              -                            -                          -                   
  Exercised                 -              -                            -                          -                   
  Forfeited/cancelled       -              -