Company: LTRYW
Filing Date: 2025-04-25
Form Type: S-1/A
Source: 0001641172-25-006093
Chunk: 223

Company: Lottery.com Inc.
Filing Date: 2025-04-25
Form: S-1/A
Chunk 223
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 preceding sentence.

2023 Equity Incentive Plan

On October 10, 2023, the Board adopted the Lottery.com 2023 Employees’ Directors’ and Consultants Stock Issuance and Option Plan (the “2023 Plan”) under which 500,000shares of Class A common stock were initially reserved for issuance. The 2023 Plan allows for the issuance of incentive and non-qualified stock options, and restricted stock. As of December 31, 2024, the Company had awarded 350,000shares under the 2023 Plan.

| F-25 |

Stock Options

On February 5, 2024, the Company issued stock options to officers, directors, and key consultants. The exercise price for the options is $ 1.95and the maturity date in February 5, 2029. There were no grants of stock options during the year ended December 31, 2023. The following table shows stock option activity for the years ended December 31, 2024 and 2023:

Schedule of Stock Option Activity

|                      |     | Shares    
 Available 
 for       
 Grant     |           |   |     | Outstanding 
 Stock       
 Awards      |           |   |     | Average  
 Exercise 
 Price    |      |     | Weighted    
 Remaining   
 Contractual 
 Life        
 (years)     |     |     | Weighted  
 Average   
 Aggregate 
 Intrinsic 
 Value     |         |
|:---------------------|:----|:----------|----------:|:--|:----|:------------|----------:|:--|:----|:---------|-----:|:----|:------------|----:|:----|:----------|--------:|
| Outstanding          
 at December 31, 2022 |     |           |    10,455 |   |     |             |    17,283 |   |     | $        | 8.20 |     |             | 3.4 |     | $         | 944,544 |
| Granted              |     |           |         - |   |     |             |         - |   |     |          |    - |     |             |   - |     |           |         |
| Exercised            |     |           |         - |   |     |             |         - |   |     |          |    - |     |             |   - |     |           |       - |
| Forfeited/cancelled