Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 447

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 447
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 equal to the aggregate annual cash retainer for the applicable director based upon a Black-Scholes
option pricing model. The exercise price of the stock options will be equal to the market price of the Common Stock at the time of grant.

72

ITEM
12: SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The following table sets forth certain information as of April 11,
2025, regarding the beneficial ownership of our common stock by the following persons:

    ●
    our
    Named Executive Officers;

    ●
    each
    director;

    ●
    all
    of our current executive officers and directors as a group; and

    ●
    each
    person or entity who, to our knowledge, owns more than 5% of our common stock.

Except as indicated in the footnotes to the following table, subject
to applicable community property laws, each stockholder named in the table has sole voting and investment power. Unless otherwise indicated,
the address for each stockholder listed is c/o XTI Aerospace, Inc., 8123 InterPort Blvd., Suite C, Englewood, CO 80112. Shares of
common stock subject to options, warrants, or other rights currently exercisable or exercisable within 60 days of April 11, 2025,
are deemed to be beneficially owned and outstanding for computing the share ownership and percentage of the stockholder holding the options,
warrants or other rights, but are not deemed outstanding for computing the percentage of any other stockholder. The information provided
in the following table is based on our records, information filed with the SEC, and information furnished by our stockholders.

    Amount and  

    nature of  

    beneficial  
    Percent 
  
    Name of Beneficial Owner 
    ownership  
    of Class(1) 
  
    Named Executive Officers and Directors 

    Scott Pomeroy 
     1,432(2) 
     * 
  
    Brooke Turk 
     —  
     — 
  
    Tobin Arthur 
     —  
     — 
  
    Soumya Das 
     —  
     — 
  
    Tensie Axton 
     —  
     — 
  
    David Brody 
     6,423(3) 
     * 
  
    Kareem Irfan 
     1  
     *