Timing of Grants of Certain Equity Awards

We do not have a formal policy regarding the timing of awards of options in relation to the disclosure of material nonpublic information. Awards of options, if any, are made by the Compensation Committee of our Board from time to time based on the facts and circumstances existing at the time and are not made pursuant to a predetermined schedule. In determining the timing and terms of option awards, our Compensation Committee does not seek to time such awards to take advantage of material nonpublic information, and we do not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.

During the fiscal year ended June 30, 2026, we did not grant any stock options, stock appreciation rights or similar option-like awards to any named executive officer.