Company: SIDU
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023543
Chunk: 22

Company: Sidus Space Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 22
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44,976  
    $9.77  
     3.15 

Restricted
Stock Unit (RSU)

On
February 1, 2025, the Company granted 265,000 RSUs to employees of the Company, valued at $620,689. RSUs entitle the holder to receive
a specified number of shares of the Company’s common stock and RSU issued vest 100% of shares subject to the RSU on the third anniversary
date, on February 1, 2028. The $620,689 related to unvested RSU’s is expected to be recognized ratable over the service period
of three years. During the nine months ended September 30, 2025, the Company recognized stock compensation expense of $146,048 related
to unvested RSUs. Stock compensation expense is expected to be recognized ratably over the remaining service period of 2.34 years. These
RSUs are not included in shares outstanding.

    23

On
August 1, 2025, the Company granted 50,567 RSUs to board members. The RSUs will be fully vested by July 1, 2026. On August 1, 2025, the
Company granted 10,000 RSUs to an employee of the Company. The RSUs are expected to be recognized ratable over the service period of
three years.

Stock
Award

During
the nine months ended September 30, 2025, the Company recorded stock compensation expense of $128,333 for 50,327 vested shares as part
of an annual total stock award to be issued of 66,667 shares of Class A Common Stock to board members.

Note
15. Segment

The
Company operates as one operating segment. The Company’s chief operating decision maker (“CODM”) is its chief executive
officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated operating margin and net income
to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions,
such as the determination of the rate at which the Company seeks to grow global operating margin and the allocation of budget between
cost of revenues, sales and marketing, technology and development, and general and administrative expenses.

The
following table presents selected financial information with respect to the Company’s single operating segment for the three and
nine months ended September 30, 2025 and 202