Company: XAIR
Filing Date: 2025-11-05
Form Type: 8-K
Source: 0001493152-25-020888
Chunk: 6

Company: Beyond Air, Inc.
Filing Date: 2025-11-05
Form: 8-K
Item: Item 3.02
Chunk 6
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Item
3.02 Unregistered Sales of Equity Securities.

The
information in Item 1.01 is hereby incorporated herein by reference. The shares of common stock issuable under the Purchase Agreement
and the Supplemental Warrants (and the shares of common stock underlying the Supplemental Warrants) were not registered under the Securities
Act of 1933, as amended (the “ Securities Act”), and were offered pursuant to an exemption from the registration requirements
of the Securities Act provided under Section 4(a)(2) of the Securities Act.

Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.

Repricing
of Options.

On
November 4, 2025, the Board approved a one-time stock option repricing of 726,618 options (“ Option Repricing”),
effective November 4, 2025. The repricing was undertaken in accordance with, and as permitted by, the Company’s Amended
2013 Plan. Pursuant to the Option Repricing, all options granted pursuant to the Amended 2013 Plan that are held by Company Board members,
officers, and employees expected to continue providing services to the Company were repriced, to the extent such options had an exercise
price in excess of $1.95, the closing price per share of the Common Stock as reported on The Nasdaq Stock Market on November 3, 2025.
All such options were repriced such that the exercise price per share was reduced to $1.95.

The
following options held by the Company’s named executive officers and non-employee directors were included in the Option Repricing:

  Name and Position                                                                          
 ─────────────────────────────────────────────────────────────────────────────────────────────
  Steven Lisi, Chief Executive Officer and Chairman of the Board      195,000      $5.892    
  Robert Carey, Director                                               21,802      $5.892    
  Erick Lucera, Director                                               14,252      $5.892    
  Yoori Lee, Director                                                  14,004      $5.892    
  Bill Forbes, Director                                                13,652      $5.892    
  Douglas Larson, Chief Financial Officer                              43,250      $5.892    
  Mike Gaul, Chief Operating Officer                                   53,250      $5.892    
  Robert Goodman, Director                                              3,750      $2