Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 587

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 587
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 increase the maximum shares eligible to be granted under the 2017
Plan. The Company may issue awards in the form of restricted stock units and stock options to employees, directors, and consultants.
Under the 2017 Plan, stock options are generally granted with an exercise price equal to the estimated fair value of the Company’s
common stock, as determined by the Company’s Board of Directors on the date of grant. Options generally have contractual terms
of ten years. Incentive stock options (ISO) may only be granted to employees, whereas all other stock awards may be granted to employees,
directors, consultants and other key stakeholders. As of December 31, 2024, there are no shares available for future grants under the
2017 Plan.

2018
Plan

In
February 2018, Legacy Inpixon adopted the 2018 Plan which is utilized for employees, corporate officers, directors, consultants and other
key persons employed. The 2018 Plan provides for the granting of incentive stock options, NQSOs, stock grants and other stock-based awards,
including Restricted Stock and Restricted Stock Units (as defined in the 2018 Plan). As of December 31, 2024, there are no unvested Restricted
Stock or Restricted Stock Units outstanding under the 2018 Plan.

Incentive
stock options granted under the Legacy Inpixon Option Plans are granted at exercise prices at a minimum of 100% of the estimated fair
market value of the underlying common stock at date of grant. For any individual possessing more than 10% of the total outstanding common
stock of the Company, the exercise price per share for incentive stock options is a minimum 110% of the estimated fair value of the underlying
common stock on the grant date. Options granted under these Legacy Inpixon Option Plans vest over periods ranging from immediately to
four years and are exercisable over period sup to ten years from the grant date.

The
aggregate number of shares that may be awarded under the 2018 Plan as of December 31, 2024 was 280,593. As of December 31, 2024, 38,359 shares
of common stock were available for future grant under the 2018 Plan.

See
below for a summary of the stock options granted under the 2011, 2017, and 2018 plans:

         Weighted   Weighted   Aggregate          Average   Average   Intrinsic