Company: VEEAW
Filing Date: 2025-08-14
Form Type: 424B4
Source: 0001213900-25-076086
Chunk: 279

Company: VEEA INC.
Filing Date: 2025-08-14
Form: 424B4
Chunk 279
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 |                | 1.78 |     |             |    - |
| Exercised                         |     |         |   (60,454 | ) |     |                |    - |     |             |    - |
| Forfeited                         |     |         |    (9,127 | ) |     |                | 0.54 |     |             |    - |
| Outstanding at December 31, 2024  |     |         | 4,196,282 |   |     |                | 1.04 |     |             | 5.98 |
| Exercisable at December 31, 2024  |     |         | 4,145,552 |   |     |                |      |     |             |      |

The aggregate intrinsic value is the fair market value on the reporting date less the exercise price for each option.

The fair value of each stock option award is estimated on the date of the grant using the Black-Scholes option-pricing model. For options granted during the year ended December 31, 2024 and December 31, 2023, the weighted average estimated fair value using the Black-Scholes option pricing model was $1.49 and $0.46 per option, respectively.

Stock compensation expense related to the common stock options outstanding for the years ended December 31, 2024 and 2023, was approximately $5.5 million and $0.5 million, respectively, which is included in general and administrative expense, net in the Company’s consolidated statements of operations. Total unrecognized expense related to unvested options outstanding as of December 31, 2024, was approximately $161,000 which will be recognized over a weighted average period of 1.70 years.

The Company estimates the fair value of each stock option award on the grant date using the Black-Scholes option-pricing model. The assumptions used to calculate the fair value of the options granted during the years ended December 31, 2024 are as follows:

|                       |     | December 
 31,      
 2024     |      |   |
|:----------------------|:----|:---------|-----:|:--|
| Stock Price           |     | $        | 3.89 |   |
| Expected term (years) |     |          |  2.0 |   |
| Volatility            |     |          | 75.0 | % |
| Risk-Free