Company: AIRJW
Filing Date: 2025-03-27
Form Type: S-1
Source: 0001013762-25-002897
Chunk: 202

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-27
Form: S-1
Chunk 202
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| Risk-free interest rate |     |        4.2 | % |     |          3.7 | % |
| Expected dividends      |     |          — |   |     |            — |   |

F-29

AIRJOULE TECHNOLOGIES CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 11 — SHARE-BASED COMPENSATION (cont.)

Restricted Stock Units

The following table summarizes RSU activity for the year ended December 31, 2024:

| Balance at January 1, 2024   |     |  Awards 
       — |   |     | Weighted   
 Average    
 Grant Date 
 Fair Value |     — |
|:-----------------------------|:----|--------:|:--|:----|:-----------|------:|
| Granted                      |     | 523,300 |   |     |            |  8.15 |
| Vested                       |     |       — |   |     |            |     — |
| Forfeited                    |     |  (3,000 | ) |     |            | 10.23 |
| Balance at December 31, 2024 |     | 520,300 |   |     | $          |  8.13 |

As of December 31, 2024, the unrecognized compensation cost for RSUs issued was $ million and will be recognized over an estimated weighted-average amortization period of years. The fair values of RSUs is based on the fair value of the Company’s common stock on the date of the grant.

The following tables provide additional detail about the RSUs granted during the year ended December 31, 2024:

| Employees            |     |           |      |     |            |
| Grant Date           |     | Awards(1) 
       (#) |      |     | Grant Date 
 Fair Value 
        ($) |
| June 6, 2024         |     |   247,500 | ​(3) |     |      10.23 |
| September 9, 2024(2) |     |    70,000 |      |     |       5.11 |

____________

(1)

(2)

(3)

| Non-employee Directors |     |           |     |            |
| Grant Date             |     | Awards(1) 
       (#) |     | Grant Date 
 Fair Value 
        ($) |
| June 6, 202