Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 245

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 2
Chunk 245
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, the board of directors appointed Dr. Hall and Ms. Charles
to serve on the Special Committee and approved an additional cash retainer of $7,500 for each of them to reflect her service on the Special
Committee. In June 2024, the board of directors authorized the grant of a one-time additional equity retainer to Ms. Chiavacci Farley
in the form of 372 fully vested shares to recognize the significant time she has devoted to the Company since September 2023, in her capacity
as a member of the board, assisting and advising the Company on certain strategic transactions, financings and accounting matters. In
November 2024, the board of directors authorized the grant of a one-time additional equity retainer to Ms. Charles in the form of 750
fully vested shares to recognize the significant time she has devoted to the Company since September 2023, in her capacity as a member
of the board, assisting and advising the Company on certain strategic transactions and financings.

Board members who are also
employees of the Company, such as Dr. Tapolczay and Mr. Bligh, are not eligible to participate in the non-employee director compensation
program described above and did not receive any compensation for service on the board of directors. Moreover, Dr. Regan waived his right
to receive any compensation under the program.

The
2023 Plan provides that the sum of the grant date fair value of all equity-based awards and the maximum amount of cash that may become
payable to any individual for services as a non-employee director during any calendar year may not exceed $750,000, increased to $1,000,000
in the calendar year of a non-employee director’s initial service as a non-employee director. The plan administrator may make exceptions
to this limit for individual non-employee directors in extraordinary circumstances, as the plan administrator may determine in its discretion,
provided that the non-employee director receiving such additional compensation may not participate in the decision to award such compensation
or in other contemporaneous compensation decisions involving non-employee directors.

82

Item
12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

The
following table sets forth beneficial ownership of the Company’s Common Stock as of March 28, 2025 by:

    ●
    each
    person known to be the beneficial owner of more than 5% of the outstanding Common Stock of the Company;

    ●
    each
    of