X0306 4 2019-05-16 0 0001574235 Pulmatrix, Inc. PULM 0001612551 Munshi Amit C/O PULMATRIX, INC., 99 HAYDEN AVE LEXINGTON MA 02421 1 0 0 0 Stock Option (Right to Buy) 1.06 2019-05-16 4 A 0 15000 0.00 A 2029-05-16 Common Stock 15000 15000 D The option vests in forty-eight (48) equal monthly installments on the 16th day of each month, with the first tranche vesting on June 16, 2019, provided that the reporting person is providing services to the Issuer on the applicable vesting date and subject to the terms and conditions of the Pulmatrix, Inc. Amended and Restated 2013 Employee, Director and Consultant Equity Incentive Plan. /s/ Amit Munshi 2019-05-20