Certain Restricted Stock Units of Phio Pharmaceuticals Corp. are subject to a Lock-Up Agreement Ending on 11-MAY-2020. These Restricted Stock Units will be under lockup for 90 days starting from 11-FEB-2020 to 11-MAY-2020.

Details:
Executive officers and Directors have agreed, subject to certain exceptions, not to offer, pledge, sell, contract to sell or otherwise transfer or dispose of, directly or indirectly, any shares or any securities convertible into or exercisable or exchangeable for shares, whether currently owned or subsequently acquired, without the prior written consent of the underwriter, for a period of 90 days from the date of effectiveness of the underwriting agreement.