Company: VEEAW
Filing Date: 2025-12-04
Form Type: DEF 14A
Source: 0001213900-25-118382
Chunk: 20

Company: VEEA INC.
Filing Date: 2025-12-04
Form: DEF 14A
Chunk 20
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 of shares of common stock we will have available for the granting of additional Incentive Awards to employees, which could make it difficult for us to retain our current employees and to also attract new highly qualified employees. Our ability to attract and retain qualified directors to serve on our Board is also contingent on our ability to provide them with compensation in the form of equity which is comparable with the equity compensation provided to directors of other public companies in our industry. This cannot be accomplished without an increase in the 5,546,521 shares of common stock currently available under the 2024 Plan. Finally, 9,546,521 shares of common stock, which is the number of shares that the Board has approved to be reserved under the 2024 Plan, represents approximately 19% of the 50,100,819 shares of common stock issued and outstanding as of November 3, 2025, the Record Date, which the Board has determined reasonable and necessary to properly compensate our employees and directors.

| Name and Position                                        |     | Dollar    
 Value ($) |         |     | Number of 
 Shares    |           |
|:---------------------------------------------------------|:----|:----------|--------:|:----|:----------|----------:|
| Mark Tubinis                                             
 Chief Marketing Officer                                  |     | $         |  52,316 |     |           |   125,000 |
| Michael Salmasi                                          
 Chief Executive Officer of Veea Solutions Inc., Director |     | $         |  31,389 |     |           |    75,000 |
| Helder Antunes                                           
 Director and Chief Revenue Officer                       |     | $         |  46,038 |     |           |   110,000 |
| Executive Group                                          |     |           | 129,743 |     |           |   310,000 |
| Non-Executive Director Group                             |     |           |       0 |     |           |         0 |
| Non-Executive Officer Employee Group                     |     | $         | 673,826 |     |           | 1,610,000 |

13 Explanation of Amendment Section 4(a) of the 2024 Plan currently provides as follows: “(a) Subject to the provisions of Section 14, the maximum aggregate number of Shares that may be issued under the Plan shall be the sum of (A) ten percent (10%) of the issued and outstanding Shares as of the Closing, plus (B) the number of Shares iss