Company: CXAI
Filing Date: 2025-05-09
Form Type: S-1
Source: 0001829126-25-003532
Chunk: 179

Company: CXApp Inc.
Filing Date: 2025-05-09
Form: S-1
Chunk 179
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 the year ended December 31, 2024.

The following summarizes our RSUs transaction activity for the year ended December 31, 2024:

| Schedule of RSUs transaction     |     | Shares |          |   |     | Weighted Average 
 Grant Date       
 Fair Value       |      |
|:---------------------------------|:----|:-------|---------:|:--|:----|:-----------------|-----:|
| Outstanding at January 1, 2024   |     |        |  486,165 |   |     | $                | 7.80 |
| Granted                          |     |        |  520,935 |   |     | $                | 2.04 |
| Vested                           |     |        | (318,165 | ) |     | $                | 7.33 |
| Forfeited                        |     |        |        - |   |     |                  |      |
| Outstanding at December 31, 2024 |     |        |  688,935 |   |     |                  |      |

| Outstanding at March 15, 2023    |     | Shares |       - |   |     | Weighted Average 
 Grant Date       
 Fair Value       |      |
|:---------------------------------|:----|:-------|--------:|:--|:----|:-----------------|-----:|
| Granted                          |     |        | 526,165 |   |     | $                | 7.80 |
| Forfeited                        |     |        | (40,000 | ) |     | $                | 7.13 |
| Outstanding at December 31, 2023 |     |        | 486,165 |   |     |                  |      |

The total fair value of RSUs vested during the year ended December 31, 2024, was $2,331 thousand. There was no RSUs vested during the year ended December 31, 2023.

Non-cash stock-based compensation expenses related to restricted stock units recorded in the financial statements is summarized below:

| Schedule of non-cash stock-based compensation expenses related to restricted stock units |     | Successor |   Year ended 
 December 31, 
         2024 |     |   |                     Period from 
 March 15, 2023, to December 31, 
                            2023 |
|:-----------------------------------------------------------------------------------------|:----|:----------|-------------:|:----