Company: LBRX
Filing Date: 2025-09-08
Form Type: S-1/A
Source: 0001193125-25-197877
Chunk: 292

Company: LB PHARMACEUTICALS INC
Filing Date: 2025-09-08
Form: S-1/A
Chunk 292
---
 paid by her (or in the event of her death, her surviving spouse and/or dependents) for herself and her spouse/dependents, until the earliest of: (A) the last day of the month that is                                            
 twenty-six (26) weeks after the date of such termination, (B) in the event of Dr. Eramo’s disability, the date Dr. Eramo becomes eligible to receive healthcare coverage from a                                                                 
 subsequent employer, or (C) the date Dr. Eramo is no longer eligible to receive COBRA continuation coverage, and (iii) 25% of the option to purchase 26,893 shares of our common stock that Dr. Eramo received in August 2023 will              
 automatically vest.                                                                                                                                                                                                                             |

The Eramo Employment Agreement, as amended and restated in September 2025, provides for severance benefits substantially similar to those described above with some modifications, including, among others, (i) the addition of a change in control period (the three (3) months prior to or twelve (12) months following a change in control) during which the change in control severance benefits described above would be provided, (ii) the elimination of severance benefits in the event that we elect not to renew the term of the agreement, and (iii) upon a change in control termination, the accelerated vesting of all outstanding equity awards. Other Compensation and Benefits Each of our named executive officers is eligible to participate in our employee benefit plans, including our medical, dental, vision, life, and long-term disability plans, in each case on the same basis as all of our other employees. We pay at least a portion of the premiums for medical, dental, vision, and life insurance for all of our employees, including our named executive officers. We generally do not provide perquisites or personal benefits 197

to our named executive officers, except in limited circumstances. In addition, we provide the opportunity to participate in a 401(k) plan to our employees, including each of our named executive
officers, as discussed in the section below entitled “—401(k) Plan.”

401(k) Plan

Our named executive officers are eligible to participate in a defined contribution retirement plan that provides eligible U.S. employees with
an opportunity to save for retirement on a tax-advantaged basis. Eligible employees may defer eligible compensation on a pre-tax or
after-tax (Roth) basis, up to the statutorily prescribed annual limits on contributions