Company: XAIR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001493152-25-021561
Chunk: 23

Company: Beyond Air, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 in the 2013
BA Plan of approximately $0.5 million, which is expected to be expensed over the weighted average remaining service period of 1.0 years.

As
of September 30, 2025, all vested shares had been issued.

Stock
Options

The
vesting terms of the options issued under the 2013 BA Plan are generally four years and expire ten years from the grant date.

A
summary of the change in stock options for the six months ended September 30, 2025 is as follows:

SCHEDULE
OF OPTION ACTIVITY 

    Number
                                            of Options  
    Weighted Average Exercise Price
                                            of Options  
    Weighted Average Remaining Contractual Life
                                            of Options  
    Aggregate Intrinsic Value (in
                                            thousands) 

    Options outstanding as of March 31, 2025 
     739,219  
    $9.34  
     7.9  
    $      - 
  
    Granted 
     5,800  
     3.04  
     -  
     - 
  
    Exercised 
     -  
     -  
     -  
     - 
  
    Forfeited 
     (18,401) 
     9.42  
     -  
     - 
  
    Outstanding as of September 30, 2025 
     726,618  
    $9.29  
     7.4  
    $- 
  
    Exercisable as of September 30, 2025 
     307,615  
    $10.80  
     5.5  
    $- 

As
of September 30, 2025, the Company had unrecognized stock-based compensation expense for the stock options in the 2013 BA Plan of approximately
$3.2 million, which is expected to be expensed over the weighted average remaining service period of 1.4 years.

For
the six months ended September 30, 2025, the weighted average fair value of options granted was $2.41 per share.

    16

BEYOND
AIR, INC. AND SUBSIDIARIES

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE
4 STOCKHOLDERS’ EQUITY