Company: SHPH
Filing Date: 2025-01-15
Form Type: S-1
Source: 0001493152-25-002253
Chunk: 185

Company: Shuttle Pharmaceuticals Holdings, Inc.
Filing Date: 2025-01-15
Form: S-1
Chunk 185
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 were as follows:

Schedule of Warrants Activity

|                                 |     | Number of 
 warrants  |         |     | Weighted Average 
 Exercise Price   |       |     | Average      
 Life (years) |      |
|:--------------------------------|:----|:----------|--------:|:----|:-----------------|------:|:----|:-------------|-----:|
| Outstanding, December 31, 2023  |     |           | 184,000 |     | $                | 23.20 |     |              | 2.77 |
| Granted                         |     |           |       - |     |                  |     - |     |              |    - |
| Outstanding, September 30, 2024 |     |           | 184,000 |     | $                | 11.54 |     |              | 2.04 |

The intrinsic value of the warrants as of September 30, 2024 is $ 0. All of the outstanding warrants are exercisable as of September 30, 2024.

Equity Incentive Plan

Our 2018 Equity Incentive Plan (the “2018 Plan”) provides for equity incentives to be granted to our employees, executive officers, directors and key advisers and consultants. Equity incentive grants may be made in the form of stock options with an exercise price of not less than the fair market value of the underlying shares as determined pursuant to the 2018 Equity Incentive Plan, restricted stock awards, other stock-based awards, or any combination of the foregoing. The 2018 Equity Incentive Plan is administered by the Company’s compensation committee. We have reserved 3,000,000shares of our common stock for issuance under the 2018 Equity Incentive Plan. As of September 30, 2024, 125,734shares have been granted under the 2018 Equity Incentive Plan, of which 84,396shares have vested.

Restricted Stock Units

We may grant restricted stock units (“RSU”) under our 2018 Plan. RSUs are bookkeeping entries representing an amount equal to the fair market value of one share of our common stock. Subject to the provisions of our 2018 Plan, the administrator determines the terms and conditions of RSUs, including the vesting criteria and the form and timing of payment. Notwithstanding the foregoing, the administrator, in its sole discretion, may accelerate the time at which any restrictions will lapse or be removed.