Company: HCTI
Filing Date: 2025-02-25
Form Type: PRE 14A
Source: 0001213900-25-017146
Chunk: 23

Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-25
Form: PRE 14A
Chunk 23
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 TO AMEND THE 2020 STOCK INCENTIVE PLAN TO PROVIDE FOR AUTOMATIC INCREASES IN THE NUMBER OF SHARES SUBJECT TO THE PLAN</div>

We are proposing that our stockholders approve
the amendment (the “Plan Amendment”) of the Healthcare Triangle, Inc. 2020 Stock Incentive Plan (“Plan”) to provide
for the automatic increase in the number of shares under the Plan on the first day of each fiscal year beginning with the 2024 fiscal
year, in an amount equal to the greaterof: (a) 4,000,000 shares, (b) a number of shares equal to twenty percent (20%) of the total number
of shares of all classes of common stock of the Company outstanding on the last day of the immediately preceding fiscal year, or (c)
such number of shares determined by the Administrator of the Plan no later than the last day of the immediately preceding fiscal year.
The Plan Amendment will terminate with the termination of the Plan on December 31, 2030.

Our Board of Directors believes that our continued
growth and success depends, in large part, on our ability to maintain a competitive position by attracting, retaining, and motivating
key employees, directors and consultants with experience and ability, which is vital to our future success, and to align our employees’,
directors’ and consultants’ compensation with building shareholder value. Our Plan is an integral part of this strategy.
An increase in shares available under the Plan is necessary not only to retain current employees, directors, and consultants but also
to attract new talent as we grow. Our Board of Directors believes that the shares currently available under our Plan will be insufficient
to meet our future needs, thus potentially impairing our ability to attract and retain key employees through the grant of stock-based
awards. The Plan is designed to attract, motivate, and retain employees, directors and consultants of the Company and to further the
growth and financial success of the Company by aligning the interests of such persons through ownership of our common stock with the
interests of our stockholders.

The Plan currently authorizes the grant of stock
options to employees, directors and consultants of the Company and its subsidiaries. You may read the Plan in its current form here:
Healthcare Triangle, Inc. 2020 Stock Incentive Plan. Or you may view it on the website of the Securities and Exchange Commission,
www.sec.gov, by searching for Healthcare Triangle, Inc.’s Amendment No. 2 to its Form S