Company: LBRX
Filing Date: 2025-08-22
Form Type: S-1
Source: 0001193125-25-186467
Chunk: 276

Company: LB PHARMACEUTICALS INC
Filing Date: 2025-08-22
Form: S-1
Chunk 276
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/dependents until the earliest of (A) nine (9) months following the termination
date; (B) the expiration of Mr. Sawhney’s eligibility for the continuation coverage under COBRA; or (C) the date when Mr. Sawhney became eligible for substantially equivalent health insurance coverage in connection with new
employment.

If, in the alternative, we had terminated Mr. Sawhney’s employment without cause or he resigned for good reason
during the three (3) months prior to or twelve (12) months following a change in control, Mr. Sawhney would have been entitled to receive the following benefits in lieu of the regular severance benefits described above: (i) a
lump sum cash payment equal to one year of his then-current base salary, (ii) one-and-a-half (1.5) times the annual bonus
for the year in which the termination had occurred, (iii) accelerated vesting of any unvested equity that Mr. Sawhney had then held, and (iv) if Mr. Sawhney had been eligible for and elected group health plan continuation
coverage under COBRA, we would have reimbursed Mr. Sawhney for the monthly COBRA premium paid by him for himself and his spouse/dependents until the earliest of (A) twelve (12) months following the termination date; (B) the expiration
of Mr. Sawhney’s eligibility for the continuation coverage under COBRA; or (C) the date when Mr. Sawhney became eligible for substantially equivalent health insurance coverage in connection with new employment.

Upon termination of Mr. Sawhney’s employment by reason of death or disability (as defined in the Sawhney Employment Agreement),
Mr. Sawhney (or his estate) would have been entitled to receive the following benefits pursuant to the Sawhney Employment Agreement: (i) a pro rata portion of the annual bonus for the fiscal year in which the termination occurred, to the
extent earned based on actual performance, and (ii) if Mr. Sawhney had been eligible for and elected group health plan continuation coverage under COBRA, we would have reimbursed Mr. Sawhney for the monthly COBRA premium paid by him
(or in the event of his death, his surviving spouse

189

and/or dependents) for himself and his spouse/dependents, until the earliest of: (A) the last day of the month that is twenty-six