X0306 4 2022-05-25 0 0001856725 Rani Therapeutics Holdings, Inc. RANI 0001031686 IMRAN MIR A C/O RANI THERAPEUTICS LLC 2051 RINGWOOD AVE. SAN JOSE CA 95131 1 0 0 0 Stock Option (Right to Buy) 10.89 2022-05-25 4 A 0 41416 0.00 A 2032-05-24 Class A Common Stock 41416 41416 D The shares subject to the option vest in full on the first anniversary of the date of grant, subject to the recipient's Continuous Service (as defined in the Company's 2021 Equity Incentive Plan) through such vesting date; provided, that, if earlier, the shares subject to the option will vest in full upon the occurrence of either of the following events: the Company's next annual stockholder meeting or a Change in Control (as defined in the 2021 Equity Incentive Plan). /s/ Svai Sanford, Attorney-in-Fact for Mir Imran 2022-05-27