Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 1345

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 9C
Chunk 1345
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arry Lowenthal to serve as the Company’s Chief Financial
Officer, with an annual salary of $200,000 per year, plus a $10,000 signing bonus with a term of three years. Mr. Lowenthal was also
granted 90,000 RSU shares vesting at 45,000 shares on January 28, 2025 and 45,000 shares on January 28, 2026. During the fiscal year
ending March 31, 2025, the Compensation Committee removed the vesting schedule for Mr. Lowenthal.

Effective
January 31, 2025, Randall Meyer’s position as Chief Operating Officer was eliminated and Mr. Meyer’s employment terminated
on January 31, 2025. Also, Mr. Meyer had an employment agreement that ended on September 30, 2024, whereby his salary was reduced from
$270,000 per year to $150,000 per year.

Potential
Payments on Change in Control or Termination without Cause under November RSU Grants

The
employment agreements for Mr. Lai, Mr. Lowenthal, and Mr. Meyer do not contain any provisions providing for the acceleration of any salary
or bonus payments if there is a change in control. The RSU Grants awarded to Mr. Lai, Mr. Folkes, and Mr. Meyer on September 9, 2021,
and to Mr. Folkes on April 14, 2021 pursuant to our Equity Incentive Plan contain provisions that provide for accelerated vesting of
the RSUs if there is a change of control of the Company (as such term is defined in the Equity Incentive Plan). In addition, if Mr. Lai,
Mr. Folkes, or Mr. Meyer is terminated without cause, any RSUs that would have vested on or before the first anniversary of such termination
had the executive remained employed shall be accelerated and deemed to have vested as of the termination date. Any time-based Restricted
Shares that have not vested as described above may not be transferred and will be forfeited on the date the Named Executive Officer’s
employment with the Company terminates.

ITEM
12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

As
of July 10, 2025 (the “Record Date”), we had 24,388,731 shares of our common stock issued and outstanding. The following
table sets forth, as of the Record Date, information