Company: ANIX
Filing Date: 2025-09-10
Form Type: 10-Q
Source: 0001493152-25-013000
Chunk: 19

Company: Anixa Biosciences Inc
Filing Date: 2025-09-10
Form: 10-Q
Item: Part I, Item 1
Chunk 19
---
 we granted options to purchase 1,430,000 shares and 1,350,000 shares of common
stock, respectively, to employees and consultants, with exercise prices ranging from $2.37 to $3.07 per share, pursuant to the Anixa
Biosciences, Inc. 2018 Share Incentive Plan (the “2018 Share Plan”).

During
the three and nine months ended July 31, 2025, stock options to purchase 685 shares of common stock were exercised on a cash basis, with
aggregate proceeds of approximately $2,000. During the three and nine months ended July 31, 2025, stock options to purchase 35,000 shares
of common stock, of which 21,642 shares of common stock were withheld, were exercised on a cashless basis. During the three months ended
July 31, 2024, stock options to purchase 80,000 shares of common stock were exercised on a cash basis, with aggregate proceeds of approximately
$194,000. During the nine months ended July 31, 2024, stock options to purchase 123,999 shares of common stock were exercised on a cash
basis, with aggregate proceeds of approximately $318,000.

Stock
Option Plans

During
the three and nine months ended July 31, 2025, we had two stock option plans: the Anixa Biosciences, Inc. 2010 Share Incentive Plan (the
“2010 Share Plan”) and the 2018 Share Plan, which were adopted by our Board of Directors on July 14, 2010 and January 25,
2018, respectively. The 2018 Share Plan was approved by our shareholders on March 29, 2018.

2010
Share Plan

The
2010 Share Plan provided for the grant of nonqualified stock options, stock appreciation rights, stock awards, performance awards and
stock units to employees, directors and consultants. In accordance with the provisions of the 2010 Share Plan, the plan terminated with
respect to the ability to grant future awards on July 14, 2020. Information regarding the 2010 Share Plan for the nine months ended July
31, 2025 is as follows:

 SCHEDULE OF OPTION ACTIVITY

    Shares  
    Weighted
     Average Exercise  Price Per Share  
    Aggregate
     Intrinsic Value  (in thousands) 
  
    Options