Company: BIAF
Filing Date: 2025-04-11
Form Type: S-1
Source: 0001641172-25-003892
Chunk: 197

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-04-11
Form: S-1
Chunk 197
---
 |     | $                          | 6.95 |     |                                              | 4.20 |     | $                   |       — |

As of December 31, 2024, there was nounrecognized compensation cost related to non-vested stock options.

During the year ended December 31, 2024, 208,031options were exercised at an exercise price of $ 1.155, of which 143,183options were from a cashless exercise, and 137,854options were forfeited due to a cashless exercise.

| F-14 |

Restricted Stock Awards

The following table summarizes restricted stock award activity under the 2014 and 2024 Plan:

SUMMARY OF RESTRICTED STOCK AWARD

|                              |     |              |           |   |     |             |      |     |            |           |   |     | As of December 31, 2024 |         |     |          |         |   |
|:-----------------------------|:----|:-------------|----------:|:--|:----|:------------|-----:|:----|:-----------|----------:|:--|:----|:------------------------|--------:|:----|:---------|--------:|:--|
|                              |     | Number       
 of           
 restricted   
 stock awards 
 (RSA)        |           |   |     | Weighted-   
 average     
 grant price |      |     | FMV        
 on         
 grant date |           |   |     | Vested                  
 number                  
 of RSA                  |         |     | Unvested 
 number   
 of RSA   |         |   |
| Balance at December 31, 2023 |     |              |   540,969 |   |     | $           | 2.24 |     | $          | 1,209,400 |   |     |                         | 462,298 |     |          |  78,671 |   |
| Granted                      |     |              |   865,423 |   |     |             | 1.81 |     |            | 1,570,834 |   |     |                         | 517,941 |     |          | 347,482 |   |
| Forfeited                    |     |              |   (77,096 | ) |     |             | 1.80 |     |            |  (139,173 | ) |     |                         |       — |     |