X0508 4 2025-11-14 0 0001873875 Incannex Healthcare Inc. IXHL 0001998126 Valentine Troy C/O INCANNEX HEALTHCARE INC. RIALTO SOUTH TWR LVL 23, 525 COLLINS ST MELBOURNE C3 VIC 3008 AUSTRALIA 1 0 0 0 0 Common Stock, $0.0001 par value per share 2025-11-14 4 A 0 11302608 0 A 12001858 D Common Stock 10000 I By Mr. Valentine as the beneficiary of the GFCR Investments Trust Common Stock 30000 I By Valplan Pty Ltd, a company of which Mr. Valentine is a director Common Stock 10000 I By Tranaj Nominees Pty Ltd, a company of which Mr. Valentine is a director Common Stock 242862 I By Alignment Capital Pty Ltd, a company of which Mr. Valentine is a director and major shareholder Common Stock 44400 I By Cityside Pty Ltd, a company wholly-owned by Mr. Valentine Includes the following shares of restricted stock (the "Shares") granted on November 14, 2025, under the Issuer's 2023 Equity Incentive Plan, (i) 2,825,652 Shares that vest in full on December 10, 2025, (ii) 2,825,652 Shares that vest in full on June 30, 2026, (iii) 2,825,652 Shares that vest in full on June 30, 2026 and (iv) 2,825,652 Shares that vest in full on June 30, 2027. /s/ Troy Valentine 2025-11-14