Morgan C. Frank - 31 Jan 2025 Form 4 Insider Report for SANUWAVE Health, Inc. (SNWV)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SNWV	Stock Option (right to buy)	Award	$0	+50,000		$0.000000	50,000	31 Jan 2025	Common Stock	50,000	$27.70	Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	The options were granted to the Reporting Person in accordance with the Issuer's 2024 Equity Incentive Plan and are considered Non-Qualified Stock Options thereunder.
F2	The options will vest, if at all, based on the completion of certain company milestones, subject to the Reporting Person's continuous provision of services to the Issuer on the applicable vesting date.
F3	In accordance with Instruction 4 to this Form, column 9 reports only total beneficial ownership of the "class" of derivative security reported in column 1. Options that have different exercise prices or vesting terms are not considered to be of the same "class."