Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 401

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 11
Chunk 401
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 compensation
                                            as of December 31, 2023. No interest was accrued or due on the deferred compensation for
                                            2023.

 On
                                            September 29, 2023, Mr. Hayward agreed to forgive $1,123,727 of earned compensation in exchange
                                            for 556,672 options to purchase common stock, 337,118 restricted stock units, and $140,466
                                            to be paid out as a bonus upon an IPO. The options to purchase common stock have a strike
                                            price of $1.33. On December 18, 2023, the restricted stock units issued on September 29,
                                            2023 were cancelled and reissued as part of an additional forgiveness, whereby Mr. Hayward
                                            agreed to forgive the $140,466 of accrued bonus in exchange for 69,675 options to purchase
                                            common stock and an additional 52,676 restricted stock units (total of 389,794 restricted
                                            stock units). The options to purchase common stock have a strike price of $1.33.

 (10)Includes healthcare benefits and 401(k) contribution of $18,646 and $0 respectively, for the fiscal year ended December 31, 2023.

 (11)Includes healthcare benefits and 401(k) contribution of $26,655 and $0
respectively, for the fiscal year ended December 31, 2024.

 (12)During 2023, Mr.
Rosén agreed to defer all salary compensation and to reduce his salary to $48,000 beginning on October 1, 2023. The deferred compensation
is recorded in accrued compensation as of December 31, 2023. No interest was accrued or due on the deferred compensation for 2023.

  On September 29,
2023, Mr. Rosén agreed to forgive $477,382 of earned compensation in exchange for 234,998 options to purchase common stock, 142,316
restricted stock units, and $59,298 to be paid out as a bonus upon an IPO. The options to purchase common stock have a strike price of
$1.33. On December 18, 2023 the restricted stock units issued on September 29, 2023 were cancelled and reissued as part of an additional
forgiveness, whereby, Mr. Rosén agreed to forgive the $59,298 of accrued bonus in exchange for 29,415 options to purchase common
stock