Michael Edward Sherman - 05 Jan 2026 Form 4 Insider Report for BIOVIE INC. (BIVI)

Role: Director
Signature: /s/ Joanne Wendy Kim, attorney-in-fact for Michael Sherman
Issuer symbol: BIVI
Transactions as of: 05 Jan 2026
Net transactions value: $0
Form type: 4
Filing time: 09 Jan 2026, 17:01:46 UTC
Previous filing: 06 Jan 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Sherman Michael Edward	Director	C/O BIOVIE INC., 680 W NYE LANE STE 201, CARSON CITY	/s/ Joanne Wendy Kim, attorney-in-fact for Michael Sherman	09 Jan 2026	0001730468

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	BIVI	Stock Option (right to buy)	Award	$0	+80,000		$0.000000	80,000	05 Jan 2026	Common Stock	80,000	$1.31	Direct	F1
transaction	BIVI	Stock Option (right to buy)	Award	$0	+341,100		$0.000000	341,100	05 Jan 2026	Common Stock	341,100	$1.31	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The options vest in four equal installments on February 11, 2026, May 11, 2026, August 11, 2026 and the earlier of November 11, 2026 and the date of the registrant's 2026 annual shareholders' meeting.
F2	75% of the options vested on January 5, 2026 and the remainder of the options vest in three equal installments on January 5, 2027, January 5, 2028 and January 5, 2029.