Company: BFRG
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001493152-25-010367
Chunk: 1145

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 10
Chunk 1145
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 stock options, non-qualified stock options, stock appreciation rights, performance share awards, cash awards
and other equity-based awards. Awards are limited to a maximum term of 10 years and any exercise prices shall not be less than 100% of
the fair market value of one share of common stock on the grant date. The Plan authorized an initial maximum number of shares underlying
awards of 900,000 with an automatic annual increase to an amount equal to 15% of the total number of shares outstanding as of the end
of the preceding fiscal year. As of December 31, 2024, there are 150,682 awards authorized but unissued available under the Plan.

Stock
Options

The
following table summarizes the stock option activity for the years ended December 31, 2024 and 2023:

 Schedule of Stock Options Activity   

    Number of Shares  
    Weighted-Average Exercise Price

    Weighted- Average Remaining Contractual Term (Years)  
    Aggregate Intrinsic Value 
  
    Outstanding at December 31, 2022 
     69,217  
    $3.06  
     7.1  
    $- 
  
    Granted 
     458,500  
    $4.34  

    Exercised 
     -  
    $-  

    Forfeited / canceled 
     -  
    $-  

    Outstanding at December 31, 2023 
     527,717  
    $4.17  
     9.0  
    $112,141 
  
    Granted 
     392,000  
    $3.64  

    Exercised 
     -  
    $-  

    Forfeited / canceled 
     (86,986) 
    $3.83  

    Outstanding at December 31, 2024 
     832,731  
    $3.96  
     8.5  
    $- 
  
    Vested at December 31, 2024 
     522,191  
    $4.04  
     8.1  
    $- 

The
fair value of options granted and modified in the year ended December 31, 2024 was estimated using the Black-Scholes option pricing model
based on the assumptions in the table below:

 Schedule of Black