Company: GHRS
Filing Date: 2025-07-29
Form Type: 20-F/A
Source: 0001140361-25-027850
Chunk: 286

Company: GH Research PLC
Filing Date: 2025-07-29
Form: 20-F/A
Chunk 286
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 basis with regard to awards under the Share Option Plan. The approach to valuation follows the grant date fair value principle and the key input factors are described for the share-based compensation awards in note 17, “Share-based compensation”.

19.Related party disclosures

During the year ended December 31, 2023, GH Research PLC granted the option to purchase 122,399ordinary shares to key management. Of the 122,399share options granted during the year ended December 31, 2023, 72,399share options were granted with a contractual term (expiration) of seven yearsfrom the grant date and an exercise price of $ 0.025per share. The remaining 50,000share options were granted with a contractual term (expiration) of eight yearsfrom the grant date and an exercise price at the closing market price on the day prior to the grant. 19,899share options vested on the date of grant, subject to a two-yearservice condition. In the same period, 7,296share options were exercised by related parties. For further information, see Note 17 “Share-based compensation”. During the year ended December 31, 2024, GH Research PLC granted the option to purchase 1,043,120ordinary shares to key management.**

| ● | 60,000share options were granted which vest25% on the first anniversary of the date of grant, and thereafter evenly                                                                                                                                                         
 on a monthly basis over the subsequentthree yearsand are subject to atwo-yearservice condition. The contractual term (expiration) of these share options iseight yearsfrom the grant date with an exercise price of the closing market price on the day prior to the grant. |

| ● | 33,120share options were granted which vested on the date of grant and are subject to atwo-yearservice condition. 
 The contractual term (expiration) of these share options isseven yearsfrom the grant date with an exercise        
 price of $0.025.                                                                                                  |

| ● | 950,000share options were granted which vest25% on the first anniversary of the date of grant, and thereafter evenly 
 on a monthly basis over the subsequentthree years. The contractual term (expiration) of these share options          
 isseven yearsfrom the grant date with an exercise price of $0.025.                                                   |

**For further information, see Note 17 “Share-based compensation”.

Key Management Compensation

Key management are those persons who have the authority and responsibility for planning, directing and controlling the activities