Company: PTHS
Filing Date: 2025-05-09
Form Type: PREM14C
Source: 0001140361-25-018219
Chunk: 418

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-09
Form: PREM14C
Chunk 418
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 Channel granted: (a) options to purchase up to an aggregate of 141,667 shares of Channel common stock to employees and directors and (b) 16,667 RSUs to employees. On March 9, 2023, pursuant to the Prior Plan, Channel granted an option to purchase up to 15,000 shares of Channel common stock to a director. On June 23, 2023, Channel granted options to acquire 52,000 shares of Channel common stock to employees (inclusive of options that have not yet been granted but Channel has agreed to grant in connection with the closing of the IPO) and canceled an RSU for 16,667 shares issued to an employee on January 10, 2023. The offers and sales of the above securities were deemed to be exempt from registration under the Securities Act in reliance upon Section 4(a)(2) of the Securities Act or Regulation D promulgated thereunder, or Rule 701 promulgated under Section 3(b) of the Securities Act, as transactions by an issuer not involving any public offering or pursuant to benefit plans and contracts relating to compensation as provided under Rule 701. The recipients of the above securities represented their intentions to acquire the securities for investment only and not with a view to or for sale in connection with any distribution thereof. Director Compensation for Fiscal Year 2024 Channel has not implemented a formal policy with respect to compensation payable to Channel’s non-employee directors. From time to time, Channel has granted equity awards to attract individuals to join the Channel board of directors and for their continued service thereon. In 2024, independent directors received $14,396 in cash compensation. In addition, in 2024 Channel directors were granted options to purchase 90,000 shares of Channel common stock at fair market value as of the date of issuance, expiring ten years from issuance and restricted stock units representing 356,664 shares of Channel common stock. In addition, Channel reimburses its directors for expenses associated with attending meetings of the Channel board of directors and its committees. The Channel board of directors is still in the process of considering the non-employee director compensation policy.

| Name             |     | Fees Earned 
  or Paid in 
        Cash 
         ($) |     |  Stock 
 Awards 
    ($) |     |   Stock 
  Option 
  Awards 
  ($)(1) |     | Non-Equity   
 Incentive    
 Plan         
 Compensation 
 ($)          |     | Nonqualified