Company: VEEAW
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001213900-25-074676
Chunk: 133

Company: VEEA INC.
Filing Date: 2025-08-12
Form: S-1/A
Chunk 133
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 share of common stock on the grant date. The award was fully vested and exercisable at the time of grant and expires December 30, 2028. The award was made in recognition of Mr. Salmasi’s exceptional performance and contributions to the Company and its subsidiaries. 2024 Special Bonus to Ms. Smith On November 11, 2024, the Compensation Committee approved a discretionary special cash bonus in the amount of $40,000 to Ms. Smith, for her exceptional performance in fiscal year 2024. The special bonus was paid, less applicable tax withholding, in December 2024. Equity Compensation Veea maintains the Veea Inc. 2024 Incentive Award Plan (the “ 2024 Incentive Plan”), which became effective upon the Closing. 4,460,437 shares of common stock were initially reserved for issuance of awards under the 2024 Incentive Plan (the “ Initial Limit”). The Initial Limit is subject to increase over a ten-year period. The 2024 Incentive Plan provides for the grant of stock options, which may be ISOs or non-statutory stock options (“ NSOs”), stock appreciation rights (“ SARs”), restricted shares, restricted stock units and other stock or cash-based awards that the administrator determines are consistent with the purpose of the 2024 Incentive Plan. As of March 31, 2025, the Company had shares available for issuance under the 2024 Incentive Plan. Veea also maintains the 2024 Employee Stock Purchase Plan (the “ ESPP”), which became effective upon the Closing of the Business Combination. An aggregate of 1,070,603 shares of common stock have been reserved for issuance under the ESPP, which represents 3% of the aggregate number of shares of the Company’s common stock outstanding immediately after the Closing of the Business Combination. This amount is subject to increase each year over a ten-year period. The ESPP provides eligible employees with an opportunity to purchase the common stock from the Company at a discount through accumulated payroll deductions. The first purchase period has not begun as of December 31, 2024. Under the terms of the ESPP, the purchase price per share cannot be less than 85% of the lower of the fair market value per share of our common stock on either the offering date or on the purchase date. 84 Health and Welfare Plans Our NEOs are eligible to participate in the employee benefit plans that we offer to our employees generally, including medical, dental