Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 1029

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 12
Chunk 1029
---
centive Plan (the “2019 Plan”). The purpose of the 2019 Plan is to promote the success
of the Company and to increase stockholder value by providing an additional means through the grant of awards to attract, motivate, retain
and reward selected employees and other eligible persons. The maximum number of shares of the Company’s common stock that can be
issued under the 2019 Plan is 300,000,000. The 2019 Plan has been approved by stockholders.

 On
January 27, 2022, our Board adopted the Company’s 2022 Equity Incentive Plan (the “2022 Plan”). The purpose of the 2022
Plan is to attract and retain the types of employees, consultants, and directors who will contribute to the Company’s long-range
success. The maximum number of shares of the Company’s common stock that can be issued under the 2022 Plan is initially 400,000,000.
The number of shares automatically increases on the first day of the Company’s fiscal year beginning in 2023 so that
the total number of shares issuable will at all times equal fifteen percent (15%) of the Company’s fully diluted capitalization
on the first day of the Company’s fiscal year, unless the Board adopts a resolution providing that the number of shares issuable
under the 2022 Plan shall not be so increased.

26

The following table sets forth information
about our equity compensation plans as of June 30, 2025.

    Plan Category 
    Number of 
securities to
 be issued 
upon 
exercise of 
outstanding 
options, 
warrants
 and rights  
    Weighted- 
average
 exercise
 prices of 
outstanding options,
 warrants
 and rights  
    Number of 
securities 
remaining available for 
future 
issuance 
under the 
equity 
compensation 
plans 
(excluding 
securities 
reflected in 
column (a)) 

    (a)  
    (b)  

    2019 Equity compensation plan approved by security holders 
     279,270,561  
    $0.0099 – 0.016  
     20,729,439 
  
    2022 Equity compensation plan approved by security holders 
     348,600,000  
    $0.012-0.0237  
     604,948,700 
  
    Total