Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 247

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1A
Chunk 247
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 option grant date. Our Compensation Committee may include in the option agreement provisions specifying the period during which
an option may be exercised following termination of the grantee’s service.

The exercise price per share
of our common stock for each option granted under the 2024 Plan may not be less than 100%, or 110% in the case of an incentive stock
option granted to a stockholder who owns more than ten percent of our voting stock, of the fair market value of a share of our common
stock on the option grant date, except in the case of an option granted upon assumption of, or in substitution for, outstanding awards
previously granted under a compensatory plan by a business entity acquired or to be acquired by us or an affiliate of ours or with which
we or an affiliate has combined or will combine. Payment of the exercise price for shares purchased pursuant to the exercise of an option
may be made in such forms as are approved by our Compensation Committee. These forms may include, in our Compensation Committee’s
discretion, cash, cash equivalents, shares of our common stock and net issuance.

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Restricted Stock, Restricted Stock
Units, and Deferred Stock Units

Restricted stock is an award
of our common stock on which vesting restrictions are imposed that subject such shares of our common stock to a substantial risk of forfeiture,
as defined in Section 83 of the Code. A restricted stock unit is an award that represents a conditional right to receive shares
of our common stock in the future and that may be made subject to the same types of restrictions and risk of forfeiture as restricted
stock. A deferred stock unit is a restricted stock unit that may be settled at some point in the future at a time or times consistent
with the requirements of Section 409A of the Code.

Stock Appreciation Rights

A SAR is a right to receive
upon exercise, in the form of common stock, cash or a combination of common stock and cash, the excess of the fair market value of one
share of common stock on the exercise date over the grant price of the SAR. SARs may be granted in conjunction with all or a part
of any option or other award granted under the 2024 Plan, or without regard to any option or other award. Upon exercise of a SAR, the
holder will be entitled to receive, in the specified form of consideration, the excess of the fair market value of one share of our common
stock on the exercise date over the exercise price of the SAR,