Company: BKYI
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001437749-25-012824
Chunk: 231

Company: BIO KEY INTERNATIONAL INC
Filing Date: 2025-04-23
Form: 10-K
Item: Item 1C
Chunk 231
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 of restricted stock of which 24,166 remain subject to vesting. 

      (6) 
      Includes 36 shares issuable on exercise of options and 6,365 shares of restricted stock of which 6,272 remain subject to vesting. 

      (7) 
      Includes 18 shares issuable on exercise of options and 6,365 shares of restricted stock of which 6,272 remain subject to vesting.  

      (8) 
      Includes 6,365 shares of restricted stock of which 6,272 remain subject to vesting.  

      (9) 
      Includes 232 shares issuable on exercise of options and 3,036 shares of restricted stock of which 2,435 remain subject to vesting. The address of Kelvin is Flat C, 27/F, Block 5, Grand Pacific Views, Siu Lam, Hong Kong N7. 

      (10) 
      Based on information contained in a Schedule 13G filed with the SEC on January 15, 2025 and other information known to the Company. Streeterville Capital LLC (“Streeterville”) is the direct holder of 340,000 shares of common stock. Streeterville Management LLC and John M. Fife indirectly beneficially own these shares. Streeterville has sole voting and dispositive power over the shares. 

    35

EQUITY COMPENSATION PLAN INFORMATION

The following table sets forth, as of December 31, 2024, information with respect to securities authorized for issuance under equity compensation plans.

On January 27, 2016, the stockholders approved the 2015 Equity Incentive Plan, which was amended on June 13, 2019, by vote of stockholders, and amended and restated by vote of stockholders on June 18, 2021 (as amended and restated, the “2015 Plan”). The 2015 Plan reserves 43,834 shares of common stock for issuance of options, restricted stock, and other equity-based awards to employees, officers, directors, and consultants of the Company. Options are issued at exercise prices which may not be below 100-110% of fair market value and have terms not to exceed ten years. Options issued under the 2015 Plan vest pursuant to the terms of stock option agreements with the recipients. In the event of a change in control, certain stock awards issued under this plan may be subject to additional acceleration of vesting