Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 417

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 417
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, the 3,436 shares of Series A Preferred Stock outstanding automatically
converted into 981,676 shares of the Company’s Common Stock based on the IPO price of $5.00. The 30% discount from the IPO price
resulted in an aggregate discount of $1,472,514, which was accounted for as a deemed dividend that increased the basic net loss per share
for common stockholders.

F-30

Note 9 — Equity Incentive Plan

On January 10, 2022, the Company adopted the La
Rosa Holdings Corp. 2022 Equity Incentive Plan (the “2022 Plan”) pursuant to which a maximum of 5,000,000 shares of Common
Stock of the Company were authorized to be issued pursuant to the grant of incentive stock options, non-statutory stock options, stock
appreciation rights, restricted stock, restricted stock units (RSUs), performance units and performance shares. Persons eligible to receive
awards under the 2022 Plan include employees, consultants, and directors of the Company. The plan is administered by the Compensation
Committee of the Board of Directors. On October 20, 2023, the Company filed a Form S-8 to register the securities in the 2022 Plan. As
of December 31, 2024, there are 7,031,674 shares available for issuance.

Issuance of Common
Shares to Consultants

In the
fourth quarter of 2023, the Company executed six consulting agreements with third-party service providers to supply certain services to
the Company. The Company issued 594,000 shares of the Company’s Common Stock under the Company’s 2022 Equity Incentive Plan
between October 26, 2023 and November 2, 2023, with a weighted-average value of $1.20 per share.

Stock Option Awards 

Stock options are awards issued to employees and
directors that entitle the holder to purchase Common Stock of the Company at a fixed price. Options issued prior to the Company’s
IPO on October 12, 2023 have a strike price equal to the IPO price of $5.00 per share.

On November 1, 2023, the Company issued stock
options to its non-management Board of Directors in lieu of paying the directors their cash board fees they had accrued since the initiation
of their term through September 30, 2023, which totaled $375,052