Company: JUNS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023603
Chunk: 11

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 11
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 2024, the Company granted 180,000 stock options to a consultant with an exercise price of $1.33 per share and a grant date fair
value of $190,560, of which 50% vested immediately with the remaining 50% being vested over a 12 month period.

As
discussed in Note 3 – Related Party Transactions - Equity Instruments Exchanged for Accrued Compensation, during the nine
months ended September 30, 2024, the Company issued additional options related to accrued compensation.

On June 10, 2025, the Company granted 250,000 stock options to a consultant with an exercise price of $0.97 per share and a grant date fair
value of $191,168, and a 10-year term. The 25% of the stock options vest immediately on the grant date, with the remaining 187,500 options
vesting in equal monthly installments ratably beginning in July 2025 through May 2027.

On July 2, 2025, the Compensation Committee approved the grant of an aggregate of 357,448 stock options issued to
certain executives. The stock options have an exercise price of $1.19 per share, representing the closing price of the Company’s
Common Stock on Nasdaq on the date of grant. The stock options have a 10-year term and vest in equal installments
over a three (3) year period beginning on the grant date of July 2, 2025, subject to the officers’ continued employment at the
time of vesting.

On
September 5, 2025, the Company granted an aggregate of 374,755
stock options to two consultants with an exercise price of
$1.23
per share and a grant date fair value of $340,900.
The stock options have a 10 year term and 25%
of the stock options vest immediately on the grant date, with 281,066
options vesting in equal monthly installments until September
5, 2027. The Company also granted 109,902
stock options to one of the consultants with an exercise price
of $1.23
per share and a grant date fair value of $100,000,
and a 10
year term that vest solely upon achievement of performance
conditions as follows: (a)
15% per Ambassador (maximum of three) referred by consultant and subsequently engaged by the Company, (b) 20