Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 203

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 203
---
Plan also provides that an automatic share reserve increase shall be included into the plan, providing that the number of shares available
for issuance under the plan will be increased on the first day of each fiscal year beginning with the 2025 fiscal year, in an amount equal
to the least of (a) 500,000 shares, (b) a number of shares equal to four percent (4%) of the total number of shares of all classes of
Common Stock of the Company outstanding on the last day of the immediately preceding fiscal year, or (c) such number of shares determined
by the administrator of the plan no later than the last day of the immediately preceding fiscal year. As a result, subject to adjustment
in connection with the payment of a stock dividend, a stock split or subdivision or combination of the shares of Common Stock, or a reorganization
or reclassification of the Company’s Common Stock, currently the maximum aggregate number of shares of Common Stock which may be
issued pursuant to awards under the 2022 Plan is 12,500,000 shares.

If shares of Common Stock
subject to an option or performance award granted under the 2022 Plan expire or otherwise terminate without being exercised (or exercised
in full), such shares will become available again for grants under the 2022 Plan. If shares of restricted stock awarded under the 2022
Plan are forfeited to us or repurchased by us, the number of shares forfeited or repurchased shall not again be available under the 2022
Plan. Similarly, any shares cancelled in cashless exercises are not available for re-issuance under the 2022 Plan. 

The Company cannot determine
the amounts of awards that will be granted or allocated under the 2022 Plan or the benefits of any awards to the executive officers and
directors of the Company or employees who are not executive officers as a group. Under the terms of the 2022 Plan, the number of awards
to be granted is within the discretion of the Compensation Committee. The Compensation Committee may issue options, shares of restricted
stock, restricted stock units or other awards under the 2022 Plan for such consideration as determined in their sole discretion, subject
to applicable law.

Since the date it was approved
by the Board of Directors and the sole stockholder, we have issued 4,525,310 stock options, 594,000 shares of restricted stock, and 125,502
restricted stock units to certain of our agents, consultants