Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 548

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 548
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 shares of RPM Interactive’s common stock (See Note 5).

Stock Options

2023

On February 3, 2023, the Company granted an aggregate
of 7,500 options to purchase the Company’s common stock to the Company’s board of directors. The options each have a term
of 5 years from the date of grant and are exercisable at an exercise price of $12.50 per share. The options vest six months from date
of grant. The stock options were valued at the grant date using a Black-Scholes option pricing model which will be recognized as stock-based
compensation expense over the vesting period.

On February 3, 2023, the Company granted an aggregate
of 21,500 options to purchase the Company’s common stock to an officers, employees and consultants of the Company. The options each
have a term of 5 years from the date of grant and are exercisable at an exercise price of $12.50 per share. The options vest 25% every
six months from date of grant for 2 years. The stock options were valued at the grant date using a Black-Scholes option pricing model
which will be recognized as stock-based compensation expense over the vesting period.

On September 6, 2023, the Company granted an aggregate
of 10,000 options to purchase the Company’s common stock to the Company’s chief financial officer (5,000 options) and to an
employee of the Company (5,000 options). The options each have a term of 5 years from the date of grant and are exercisable at an exercise
price of $15.00 per share. The options vest immediately. The stock options were valued at the grant date using a Black-Scholes option
pricing model which will be recognized as stock-based compensation expense over the vesting period.

The 2023 stock option grants were valued at the
respective grant dates using a Black-Scholes option pricing model using the assumptions discussed below. In connection with the stock
option grants, the Company valued these stock options at a fair value of $185,628, or an average of $4.76 per option. and records stock-based
compensation expense over the vesting period. Upon cancellation of unvested stock options, the fair value of these cancelled options will
be reversed.

During the year ended December 31, 2023, certain
employees and consultants were terminated. Accordingly, 33,775 un