Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 2726

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 11
Chunk 2726
---
 20% per year with the first tranche vesting in December in the year of grant

    (4)
    25%
    options vests on the anniversary date of the grant, 25% each following year on the anniversary date.

    (5)
    Market
    value was calculated based upon the closing stock price on the last trading day of the fiscal year ended March 31, 2025 ($0.2725).

95

Director
Compensation

Persons
serving as both an officer and a director of the Company are only included in the Summary Compensation Table above for the year ended
March 31, 2025.

    Name 
    Fees  earned  or paid  in cash  ($)  
    Stock  awards  ($)  
    Option  awards  ($)  (1) (2)  
    Non-equity  incentive  plan  compensation  ($)  
    Nonqualified  deferred  compensation  earnings  ($)  
    All Other  Compensation  ($)  
    Total  ($) 

    Dr. William Forbes 
     -  
     -  
     17,025  
     -  
     -  
     -  
     17,025 
  
    Ron Bentsur (resigned) 
     -  
     -  
     -  
     -  
     -  
     -  
     - 
  
    Erick J. Lucera 
     -  
     -  
     17,025  
     -  
     -  
     -  
     17,025 
  
    Yoori Lee 
     -  
     -  
     17,025  
     -  
     -  
     -  
     17,025 
  
    Robert F. Carey 
     -  
     -  
     90,918  
     -  
     -  
     -  
     90,918 

    (1)
    During
    the year ended March 31, 2025, each director on the Board of Directors received options to purchase 75,000 shares of Beyond Air’s
    common stock and each option expires in ten years from the date of grant. Mr. Carey provided additional strategic support to the
    Company in 202