SEC Filing Document

Company: BIOVENTRIX, INC.
Ticker: 
CIK: 1283259
Filing Type: S-1/A
Document Type: S-1/A
Date Filed: 2026-03-18
Accession Number: 0001493152-26-010642
Exchange: 
SIC Code: 3841
SIC Description: Surgical & Medical Instruments & Apparatus
URL: https://www.sec.gov/Archives/edgar/data/1283259/000149315226010642/forms-1a.htm

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but are not limited to, the attainment of performance goals, continuous service with the Company or its subsidiaries, the passage of time or other restrictions or conditions. The Administrator determines the persons to whom grants of restricted stock units are made, the number of restricted stock units to be awarded, the time or times within which awards of restricted stock units may be subject to forfeiture, the vesting schedule, and rights to acceleration thereof, and all other terms and conditions of the restricted stock unit awards. The value of the restricted stock units may be paid in Shares, cash, other securities, other property, or a combination of the foregoing, as determined by the Administrator. The holders of restricted stock units will have no voting rights. Prior to settlement or forfeiture, restricted stock units awarded under the 2026 Plan may, at the Administrator’s discretion, provide for a right to dividend equivalents.

Performance
Awards. The Administrator has the authority to grant stock options, stock appreciation rights, restricted stock, or restricted stock
units as a performance award, which means that such awards vest at least in part upon the attainment of one or more specified performance
criteria. For each performance period, the Administrator will have the sole authority to select the length of such performance period,
the types of performance awards to be granted, the performance criteria that will be used to establish the performance goals, and the
level(s) of performance which shall result in a performance award being earned. At any time, the Administrator may adjust or modify the
calculation of a performance goal for a performance period to appropriately reflect any circumstance or event that occurs during a performance
period and that, in the Administrator’s sole discretion, warrants adjustment or modification. Depending on the type of performance
award granted, the previously discussed terms and conditions will also apply to a performance award.

Performance
criteria for a performance award may be based on the attainment of specific levels of our performance (and/or one or more subsidiaries,
divisions, business segments or operational units, or any combination of the foregoing) and may include, without limitation, any of the
following: (i) net earnings or net income (before or after taxes); (ii) basic or diluted earnings per share (before or after taxes);
(iii) revenue or revenue growth (measured on a net or gross basis); (iv) gross profit or gross profit growth; (v) operating profit (before
or after taxes); (vi) return measures (including, but not limited to, return on assets, capital, invested capital, equity, or sales);
(vii) cash flow (including, but not limited to, operating cash flow, free cash flow, net cash provided by operations and cash flow return
on capital); (viii) financing and other capital raising transactions (including, but not limited to, sales of our equity or debt securities);
(ix) earnings before or after taxes, interest, depreciation and/or amortization; (x) gross or operating margins; (xi) productivity ratios;
(xii) share price (including, but not limited to, growth measures and total shareholder return); (xiii) expense targets; (xiv) margins;
(xv) productivity and operating efficiencies; (xvi) customer satisfaction; (xvii) customer growth; (xviii) working capital targets; (xix)
measures of economic value added; (xx) inventory control; (xxi) enterprise value; (xxii) sales; (xxiii) debt levels and net debt; (xxiv)
combined ratio; (xxv) timely launch of new facilities; (xxvi) client retention; (xxvii) employee retention; (xxviii) timely completion
of new product rollouts; (xxix) cost targets; (xxx) reductions and savings; (xxxi) productivity and efficiencies; (xxxii) strategic partnerships
or transactions; and (xxxiii) personal targets, goals or completion of projects. Any one or more of the performance criteria may be used
on an absolute or relative basis to measure our performance and/or one or more subsidiaries as a whole or any business unit(s) of the
Company and/or one or more subsidiaries or any combination thereof, or any of the above performance criteria may be compared to the performance
of a selected group of comparison or peer companies, or a published or special index that the Administrator deems appropriate, or as
compared to various stock market indices.

Dividend
Equivalents. An award of dividend equivalents entitles the holder to be credited with an amount equal to all dividends paid on one
Share while the holder’s tandem award is outstanding. Dividend equivalents may be paid currently or credited to an account for
the participant, settled in cash or Shares, and subject to the same restriction on transferability and forfeitability as the award with
respect to which the dividend equivalents are granted.

Other
Stock- or Cash-Based Awards. Other stock-based awards may be granted either alone, in addition to, or in tandem with, other awards
granted under the 2026 Plan and/or cash awards made outside of the 2026 Plan. The Administrator shall have authority to determine the
service providers to whom and the time or times at which other stock-based awards shall be made, the amount of such other stock-based
awards, and all other conditions of the other stock-based awards including any dividend and/or voting rights. The Administrator may grant
cash awards in such amounts and subject to such performance or other vesting criteria and terms and conditions as the Administrator may
determine.

Repricing

Notwithstanding
anything to the contrary in the 2026 Plan, unless a repricing is approved by shareholders, in no case may the Administrator (i) amend
an outstanding option or stock appreciation right to reduce the exercise price of the award, (ii) cancel, exchange, or surrender an outstanding
option or stock appreciation right in exchange for cash or other awards for the purpose of repricing the award, or (iii) cancel, exchange,
or surrender an outstanding option or stock appreciation right in exchange for an option or stock appreciation right with an exercise
price that is less than the exercise price of the original award.

Equitable
Adjustments

the event of a merger, consolidation, recapitalization, stock split, reverse stock split, reorganization, split-up, spin-off, combination,
repurchase or other change in corporate structure affecting the Shares, the Administrator will adjust (i) the number and class of shares
which may be delivered under the 2026 Plan (or number and kind of other securities or other property); (ii) the number, class and price
(including the exercise or strike price of options and stock appreciation rights) of shares subject to outstanding awards, (iii) any
applicable performance criteria, performance period, and other terms and conditions of outstanding performance awards, and (iv) the 2026
Plan’s numerical limits.

Change
in Control

the event of any proposed change in control (as defined in the 2026 Plan), the Administrator will take any action as it deems appropriate,
which action may include, without limitation, the following: (i) the continuation of any award, if we are the surviving corporation;
(ii) the assumption of any award by the surviving corporation or its parent or subsidiary; (iii) the substitution by the surviving corporation
or its parent or subsidiary of equivalent awards; (iv) accelerated vesting of the award, with all performance objectives and other vesting
criteria deemed achieved at targeted levels, and a limited period during which to exercise the award prior to closing of the change in
control, or (v) settlement of any award for the change in control price (less, to the extent applicable, the per share exercise price).
Unless determined otherwise by the Administrator, in the event that the successor corporation refuses to assume or substitute for the
award, a participant shall fully vest in and have the right to exercise the award as to all the underlying Shares, including those that
would not otherwise be vested or exercisable, all applicable restrictions will lapse, and all performance objectives and other vesting
criteria will be deemed achieved at targeted levels.

Term

The
2026 Plan will become effective when approved by our stockholders, and, unless terminated earlier, the 2026 Plan will continue in effect
for a term of ten (10) years.

Amendment
and Termination

Our
Board may amend, alter, suspend, or terminate the 2026 Plan at any time. No amendment or termination of the 2026 Plan will materially
impair the rights of any participant, unless mutually agreed otherwise between the participant and us. Approval of the stockholders shall
be required for any amendment, where required by applicable law, as well as (i) to increase the number of Shares available for issuance
under the 2026 Plan and (ii) to change the persons or class of persons eligible to receive awards under the 2026 Plan.

Recoupment
Policy

All
awards granted under the 2026 Plan, all amounts paid under the 2026 Plan, and all Shares issued under the 2026 Plan shall be subject
to reduction, recoupment, clawback, or recovery by us in accordance with applicable laws and with our policy.

Form

intend to file with the SEC a registration statement on Form S-8 covering the Shares issuable under the 2026 Plan.

Material
United States Federal Income Tax Considerations