Form 8-K
8-K — JUPITER NEUROSCIENCES, INC.
Accession: 0001493152-26-027500
Filed: 2026-06-05
Period: 2026-06-02
CIK: 0001679628
SIC: 2834 (PHARMACEUTICAL PREPARATIONS)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Financial Statements and Exhibits
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
June
2, 2026
Date
of Report (Date of earliest event reported)
JUPITER
NEUROSCIENCES, INC.
(Exact
name of registrant as specified in its charter)
Delaware
001-41265
47-4828381
(State
or other jurisdiction
of
incorporation)
(Commission
File
Number)
(IRS
Employer
Identification
No.)
1001
North US HWY 1, Suite 504, Jupiter, FL
33477
(Address of principal executive
offices)
(Zip Code)
(561)
406-6154
Registrant’s
telephone number, including area code
Check
the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:
☐
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common Stock
JUNS
Nasdaq Capital Market
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
Growth Company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
(e)
Compensatory Arrangements of Certain Officers
The
following sets forth certain compensatory arrangements entered into, adopted or modified by Jupiter Neurosciences, Inc. (the “Company”)
during the period covered by this Current Report.
Alison
Silva
On
June 5, 2026, the Company entered into amendment No. 3 (the “Amendment”) to the employment agreement with Alison Silva,
dated September 1, 2021, as amended. The Amendment appoints Ms. Silva as the Company’s Chief Operating Officer and President and
increases Ms. Silva’s base salary to $340,200 from $315,000. In connection with the Amendment, on June 2, 2026, the board
of directors of the Company (the “Board”), based on the recommendation of the compensation committee of the Board (the “Compensation
Committee”), approved a one-time grant of options to purchase up to 600,000 shares of the Company’s common stock under the
Jupiter Neurosciences, Inc. 2025 Equity Incentive Plan (the “Plan”) to Ms. Silva with an exercise price equal to the closing
price of the Company’s common stock on the Nasdaq Capital Market on the date of grant to recognize her contributions to the Company.
Such option grant vests over three years commencing from September 2, 2026 in equal quarterly installments, subject to the recipient’s
continued service with the Company through each applicable vesting date.
The
foregoing summary of the Amendment does not purport to be complete and is subject to, and qualified in its entirety, by the full text
of the Amendment, a copy of which is attached to this Current Report as Exhibit 10.1.
Director
Compensation
On
June 2, 2026, the Compensation Committee approved a grant of stock options to each of the Company’s independent non-employee directors
to purchase up to 100,000 shares of the Company’s common stock under the Plan, with an exercise price per share equal to the closing
price of the Company’s common stock on the Nasdaq Capital Market on the date of grant. Such option grants vest over three years
commencing from September 2, 2026 in equal quarterly installments, subject to the recipient’s continued service with the Company
through each applicable vesting date.
Discretionary
Bonus Options in Lieu of Cash and Long-Term Incentive Compensation
On
June 2, 2026, the Board, based on the recommendation of the Compensation Committee, approved discretionary bonuses to the following executives
in the form of stock options under the Plan in lieu of cash:
Executive
Title
Option
Grant
Christer
Rosén
Chairman
of Board, Chief Executive Officer and Director
747,783
Alison
Silva
Chief
Operating Officer and President
427,304
Saleem
Elmasri
Chief
Financial Officer
325,565
Marshall
Hayward, Ph.D.
Chief
Scientific Officer and Director
259,231
Alexander
Rosén
Chief
Administrative Officer
341,843
In
addition, the Board, based on the recommendation of the Compensation Committee, approved a one-time grant of options to purchase up
to 200,000 shares of the Company’s common stock under the Plan to Mr. Elmasri with an exercise price equal to the closing
price of the Company’s common stock on the Nasdaq Capital Market on the date of grant to recognize his contributions to the
Company. Each such grant vests over three years commencing from September 2, 2026 in equal quarterly installments, subject to the
recipient’s continued service with the Company through each applicable vesting date.
Item
9.01. Financial Statements and Exhibits.
Exhibit No.
Description
10.1
Amendment
No. 3 to Executive Employment Agreement, dated as of June 5, 2026, between the Company and Alison Silva.
104
Cover Page Interactive Data File (formatted as Inline
XBRL and contained in Exhibit 101)
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
JUPITER NEUROSCIENCES, INC.
Date: June 5, 2026
By:
/s/
Christer Rosén
Name:
Christer Rosén
Title:
Chief Executive Officer
EX-10.1
EX-10.1
Filename: ex10-1.htm · Sequence: 2
Exhibit
10.1
Amendment
No. 3 to Executive Employment Agreement
Dated
as of June 5, 2026
This
Amendment No. 3 to Executive Employment Agreement (this “Amendment”) dated as of the date first set forth above (the “Amendment
Date”) is entered into by and between Jupiter Neurosciences, Inc., a Delaware corporation (the “Company”), and Alison
Silva (the “Executive”). The Company and Executive may collectively be referred to as the “Parties” and each
individually as a “Party”.
WHEREAS,
the Parties are the parties to that certain Executive Employment Agreement, dated as of September 1, 2021 (the “Original Agreement”),
as amended by that certain Amendment to Executive Employment Agreement dated as of September 29, 2021 (“Amendment No. 1”),
and that certain Amendment to Executive Employment Agreement dated as of December 18, 2023 (“Amendment No. 2,” and together
with the Original Agreement and Amendment No. 1, the “Agreement”), and now desire to further amend the Agreement as set forth
herein and pursuant to Section 14 of the Original Agreement the Parties may amend the Agreement in writing;
NOW,
THEREFORE, in consideration of the promises and of the mutual covenants and agreements hereinafter set forth, and for other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows:
1. Defined
Terms. Defined terms used herein without definition shall have the meanings given in
the Original Agreement.
2. Amendment.
(a) Pursuant
to Section 14 of the Original Agreement, Section 1(b) of the Original Agreement is hereby
amended and restated to provide that the Executive shall serve as the Chief Operating Officer
and President of the Company and shall report to the Chief Executive Officer of the Company.
The Executive shall have such duties and responsibilities as are consistent with Executive’s
position as Chief Operating Officer and President of the Company.
(b) Effective
as of the Amendment Date, Section 2(a) of the Original Agreement, as amended by Amendment
No. 2, is hereby further amended to provide that the Executive’s annual Base Salary
shall be $340,200 on an annual basis.
(c) All
references in the Original Agreement to ‘President and Chief Business Officer’
or ‘Chief Business Officer’ shall be deemed references to ‘Chief Operating
Officer and President’ or ‘Chief Operating Officer,’ respectively.
1
3. Remainder
in Force. Other than as amended herein, the Agreement shall remain in full force and
effect until terminated in accordance with its terms. Any reference in the Original Agreement
to the “Agreement” shall now be deemed a reference to the Original Agreement
as amended by Amendment No. 1, Amendment No. 2 and this Amendment. For the avoidance of doubt,
all restrictive covenants contained in the Original Agreement shall remain in full force
and effect and shall apply to the Executive in her capacity as Chief Operating Officer and
President.
4. Miscellaneous.
(a) The
headings in this Amendment are for reference only and shall not affect the interpretation
of this Amendment.
(b) This
Amendment and the rights and obligations of the Parties shall be governed by and construed
and enforced in accordance with the laws of the State of Florida without giving effect to
any choice or conflict of law provision or rule (whether of the State of Florida or any other
jurisdiction).
(c) This
Amendment may be executed in counterparts, each of which shall be deemed an original, but
all of which together shall be deemed to be one and the same agreement. A signed copy of
this Amendment delivered by facsimile, e-mail or other means of electronic transmission shall
be deemed to have the same legal effect as delivery of an original signed copy of this Amendment.
(d) The
compensation and other terms set forth in this Amendment have been approved by the Board
of Directors (or the Compensation Committee thereof) of the Company. Executive acknowledges
that all compensation payable under the Agreement, as amended hereby, shall be subject to
the Company’s compensation recovery (clawback) policy as in effect from time to time.
[Signatures
appear on following page]
2
IN
WITNESS WHEREOF, the Parties hereto have caused this Amendment to be executed as of the Amendment Date.
Jupiter
Neurosciences, Inc.
By:
/s/
Christer Rosén
Name:
Christer
Rosén
Title:
Chief
Executive Officer
Executive:
Alison Silva
By:
/s/
Alison Silva
Name:
Alison
Silva
3
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