Company: PTPI
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001104659-25-025104
Chunk: 19

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 19
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   |     |              | 1.49 | % |
| Mitchell Arnold(15)​                                                |     |              |    25,117 |     |               |    * |   |     |                 |      - |     |               |     - |   |     |              |    * |   |
| All directors and executive officers as a group (6 persons)         |     |              | 2,495,762 |     |               | 8.23 | % |     |                 |      - |     |               |     - |   |     |              | 6.93 | % |

* represents ownership of less than 1%.

(1) Beneficial ownership is determined in accordance with the
rules of the SEC and generally includes voting or investment power with respect to securities. Each of the beneficial owners listed
above has direct ownership of and sole voting power and investment power with respect to the shares set forth in the above table.

(2) A total of 29,929,668 shares of our Common Stock are considered
to be outstanding pursuant to SEC Rule 13d-3(d)(1) as of the Record Date and 567.85 shares of Series A Preferred Stock
are outstanding as of the Record Date, which such outstanding Series A Preferred Stock as of the Record Date are entitled to an
aggregate of approximately 252,374 votes.

(3) Based on certain information made available to the Company
and on the Schedule 13G/A filed jointly with the SEC on February 13, 2025, by Ayrton Capital LLC (“Ayrton”), Alto Opportunity
Master Fund, SPC - Segregated Master Portfolio B (“Alto”) and Waqas Khatri. Represents (i) 1,250,000 shares
of Common Stock, and (ii) 4,166,663 shares of Common Stock issuable upon exercise of certain warrants that were exercisable as of
the Record Date or will be exercisable within 60 days thereafter (subject to a 9.99% beneficial ownership blocker).

<div align='center'>12</div>

Ayrton, the investment manager to Alto, has discretionary authority
to vote and dispose of the shares held by Alto and may be deemed to be the beneficial owner of these shares. Waqas Khatri, in his capacity
as Managing Member of Ayrton, may also be deemed to have investment discretion and voting power over the shares held by Alto. Alto and