Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 64

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 1
Chunk 64
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 directors who will contribute to the Company’s long-range success. The maximum number of shares of common stock that may be
issued under the 2022 Plan is initially 400,000,000. The number of shares automatically increases on the first day of the Company’s
fiscal year beginning in 2023 so that the total number of shares issuable equals fifteen percent (15%) of the Company’s fully diluted
capitalization on the first day of the Company’s fiscal year, unless the Board adopts a resolution providing that the number of
shares issuable under the 2022 Plan shall not be so increased.

As of July 1, 2024, the maximum number of shares
issuable under the 2022 Equity Incentive Plan increased to 953,548,700 shares, based on the Company’s fully diluted capitalization
of 6,356,991,335. As of June 30, 2025, there were 448,600,000 stock options and shares issued, with 504,948,700 shares remaining available
for issuance under the 2022 Plan.

F-13

6.STOCK OPTIONS AND WARRANTS

Options

Transactions involving our options are summarized
as follows:

Year Ended June 30, 2025

    Weighted 

    Weighted  
    Average 

    Average  
    Grant-Date 

    Number of  
    Exercise  
    Per Share 

    Options  
    Price  
    Fair Value 
  
    Options outstanding at June 30, 2024 
     266,894,499  
    $0.011  
    $0.011 
  
    Granted 
     275,000,000  
    $0.017  
    $0.013 
  
    Canceled/Expired 
     (109,595,255) 
    $0.016  
    $0.012 
  
    Exercised 
     (3,333,333) 
    $0.016  
    $0.013 
  
    Options outstanding at June 30, 2025 
     428,965,911  
    $0.013  
    $0.012 

Year Ended June 30, 2024

    Weighted 

    Weighted  
    Average 

    Average  
    Grant-Date 

    Number of  
    Exercise  
    Per