Company: SMNR
Filing Date: 2025-04-21
Form Type: S-4/A
Source: 0001193125-25-087342
Chunk: 584

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-04-21
Form: S-4/A
Chunk 584
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 Exercisable |   |     | Number of     
 Securities    
 Underlying    
 Unexercised   
 Options (#)   
 Unexercisable |            |     | Option    
 Exercise  
 Price ($) |      |     | Option     
 Expiration 
 Date       |           |
| Jaisim Shah     |     |                     | 8/30/2024 |     |              | 8/30/2024 |     |             | — |     |               | 17,500,000 |     |           | 1.58 |     |            | 8/30/2034 |
| Henry Ji, Ph.D. |     |                     | 8/30/2024 |     |              | 8/30/2024 |     |             | — |     |               |  17,500,00 |     |           | 1.58 |     |            | 8/30/2034 |
| Stephen Ma      |     |                     | 8/30/2024 |     |              | 8/30/2024 |     |             | — |     |               |  2,000,000 |     |           | 1.58 |     |            | 8/30/2034 |

| (1) | Each option was granted under the 2024 Stock Option Plan. |

| (2) | 1/48th of the total amount of the shares vested and shall vest each month after the Option Grant Date, subject to the executive officer’s providing continuous service (as defined in the 2024 Stock Option Plan) on each such vesting date, inclusive. |

**360

Equity-Based Incentive Plan

Semnur Pharmaceuticals, Inc. 2024 Stock Option Plan

The Semnur Board adopted the 2024 Stock Option Plan on August 30, 2024. The 2024 Stock Option Plan was approved by Semnur’s then sole stockholder on August 30, 2024. Upon adoption, 40,000,000 shares of Semnur Common Stock were authorized for issuance under the 2024 Stock Option Plan. As of the date of this proxy statement/prospectus, options to purchase 40,000,000 shares of Semnur Common Stock were outstanding under the 2024 Stock Option Plan and no shares were reserved for future issuance under the 2024 Stock Option Plan. Such outstanding options to purchase 40,000,000 shares