Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 242

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 2
Chunk 242
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,000  
    $-  
    $101,500 
  
    Simon Fry 
    $-  
    $-  
    $21,000  
    $-  
    $21,000 
  
    Jennifer I. McNealey(4) 
    $11,875

    $-  
    $-  
    $     -  
    $11,875

    Andrew Regan(5) 
    $-  
    $-  
    $-  
    $-  
    $- 

    (1)
    Dr.
                                            Lewis-Hall elected to receive $40,250 of her cash fees in the form of fully vested shares,
                                            Ms. Chiavacci Farley elected to receive $27,500 of her cash fees in the form of fully vested
                                            shares, and Ms. Charles elected to receive $24,500 of her cash fees in the form of fully
                                            vested shares.
  
    (2)
    Reflects
    the grant date fair value of (i) the 372 fully vested shares issued to Ms. Chiavacci Farley in June 2024, based on a stock price
    of $284 on the date of grant, and (ii) the 750 fully vested shares issued to Ms. Charles in November 2024, based on a stock price
    of $9.20 on the date of grant.
  
    (3)
    Amounts
    in this column represents the aggregate grant date fair value, determined in accordance with FASB ASC Topic 718, of option awards
    granted to participating non-employee directors in 2024. For a description of the assumptions we used to calculate these amounts,
    see Note 11 to the consolidated financial statements included in this Annual Report. 
  
    (4)
    On May 12, 2024, Ms. McNealey announced her resignation, due to personal
reasons, as a member of the Board of Directors of the Company and from all committees on which she served, effective as of May 13, 2024.
Ms. McNealey’s resignation was not due to any disagreement with management or the Company’s operations, policies or practices.
  
    (5)
    Dr.
    Regan waived his right to receive any compensation for services as
a non-employee director of the Company, effective as of the closing of the Business Combination. As a result