Company: MBIO
Filing Date: 2025-04-01
Form Type: 424B3
Source: 0001104659-25-030657
Chunk: 165

Company: MUSTANG BIO, INC.
Filing Date: 2025-04-01
Form: 424B3
Chunk 165
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 Stock Awards 
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    Number of 
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     Units of 
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   Vested (#) | ​    
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 Market Value   
 of Shares or   
 Units of Stock 
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 Vested(1)      
 ($)            |     ​ |
|:---------------------|:--|--------------:|:-----|--------------:|:-----|:---------|---------:|:--|:-----------|:--|-------------:|:-----|:---------------|------:|
| Manuel Litchman M.D. |   |           868 | (2)​ |           520 | (2)​ | $        | 4,297.50 |   | 4/24/2027  |   |          137 | (3)​ | $              | 1,212 |
| James Murphy         | ​ |             — | ​    |             — | ​    | ​        |        — | ​ | —          | ​ |            — | ​    | ​              |     — |

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| (1) | Market value is based on $8.85 per share, the closing price of our common stock on the Nasdaq Capital Market on December 31, 2024, the last trading day of the fiscal year. |

| (2) | The option vests as follows: (i) one half of the option will vest over time, with 25% of such shares vesting after twelve months of employment, and the remaining shares vesting in twelve equal quarterly installments thereafter, subject to Dr. Litchman’s “continuous service” (as defined in the 2016 Plan) to the Company on each vesting date; (ii) the remaining one half of the option will vest and become exercisable upon the occurrence of the following milestones being achieved, in each case subject to Dr. Litchman’s continuous service to the Company on the date of such occurrences: (A