Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 641

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 641
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1,600,650 
  
    Chief Executive Officer,
    Real Time Location System Division, and Director 
     2023  
    $312,000  
    $288,863  
    $—  
    $—  
    $106,897(5) 
    $707,760 
  
    Former
    Executives 

    Nadir Ali 
     2024  
    $70,000  
    $3,581,000(6) 
    $—  
    $—  
    $1,565,803(7) 
    $5,216,803 
  
    Former Chief Executive
    Officer 
     2023  
    $280,000  
    $2,451,225(6) 
    $—  
    $—  
    $754,399(7) 
    $3,485,624 
  
    Wendy Loundermon 
     2024  
    $75,000  
    $1,150,000(8) 
    $—  
    $—  
    $543,930(9) 
    $1,768,930 
  
    Former Chief Financial
    Officer 
     2023  
    $300,000  
    $530,175(8) 
    $—  
    $—  
    $203,035(9) 
    $1,033,210 

    (1)
    The
    fair value of employee option grants are estimated on the date of grant using the Black-Scholes option pricing model with key weighted
    average assumptions, expected stock volatility and risk free interest rates based on US Treasury rates from the applicable periods.

    (2)
    Represents
    all cash and equity compensation including accrued transaction bonuses earned as a consultant for XTI Aircraft Company from January
    1, 2024 up to the closing of the XTI Merger on March 12, 2024.

    (3)
    Represents
    compensation earned as a consultant for XTI Aircraft Company in 2023.

    (4)
    Includes
    a $612,000 bonus earned under the Strategic Transaction Bonus Plan and a $300,000 bonus earned under an employment agreement.

    (5)
    The
    2024 amount includes a $12,000 automobile allowance. The 2023 amount includes a $12,000