Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 220

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part II, Item 8
Chunk 220
---
.74  
    $1,893,794 
  
    Granted 
     -  
     -  
     -  

    Exercised 
     -  
     -  
     -  

    Forfeited/cancelled 
     -  
     -  
     -  

    Outstanding at September 30, 2025 
     247,988  
    $0.29  
     3.23  
    $2,710,316 

     F-21 

Earnout
Shares

As
detailed in Note 4 - as part of the TDAC Combination as of December 31, 2021 a total of 500,000 Earnout Shares were eligible for
issuance until December 31, 2022. Conditions for the earnout were not met and the potential earnout shares were forfeited on December
31, 2022.

Note
11. Stock-based Compensation

Expense
2015 Stock Option Plan

Prior
to the closing of the Business Combination, AutoLotto had the AutoLotto, Inc. 2015 Stock Option/Stock Issuance Plan (the “2015
Plan”) in place. Under the 2015 Plan, incentive stock options may be granted at a price not less than fair market value of the
common stock (110% of fair value to holders of 10% or more of voting stock). If the Common Stock is at the time of grant listed on any
Stock Exchange, then the Fair Market Value shall be the closing selling price per share of Common Stock on the date in question on the
Stock Exchange, as such price is officially quoted in the composite tape of transactions on such exchange and published in The Wall Street
Journal. If there is no closing selling price for the Common Stock on the date in question, then the Fair Market Value shall be the closing
selling price on the last preceding date for which such quotation exists. If the Common Stock is at the time not listed on any Stock
Exchange, then the Fair Market Value shall be determined by the Board of Directors or the Committee acting in its capacity as administrator
of the Plan after taking into account such factors as the Plan Administrator shall deem appropriate. The
maximum number of shares of Common Stock which may be issued over the term of the Plan shall not exceed Two Thousand Two-Hundred and
Fifty (2,250). Options are exercisable