Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 133

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 133
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 May 1, 2024, the Compensation
Committee approved annual base salaries and annual target bonuses (expressed as a percentage of annual base salary) for each of the named
executive officers, as set forth in the following table:

| Named Executive Officer |     | Annual Base 
 Salary      |         |     | Target Bonus 
 (% of Base   
 Salary)      |    |   |
|:------------------------|:----|:------------|--------:|:----|:-------------|---:|:--|
| Matthew B. Jore         |     | $           | 400,000 |     |              | 75 | % |
| Stephen S. Pang         |     | $           | 300,000 |     |              | 50 | % |
| Patrick C. Eilers       |     | $           | 300,000 |     |              | 50 | % |

2024 Salaries

The base salary payable to each named executive
officer is intended to provide a fixed component of compensation reflecting the executive’s skill set, experience, role and responsibilities.
The Summary Compensation Table above shows the actual base salaries (together with, for Mr. Jore, consulting fees) paid to each named
executive officer in 2024.

Annual Bonuses

In 2024, each of our named executive officers
was eligible to earn an annual cash incentive bonus (targeted at the amount set forth in the table above). The actual cash bonuses awarded
to each named executive officer for 2024, which were determined by the Compensation Committee based on the achievement of certain Company
performance goals and individual performance goals, are set forth in the Summary Compensation Table above.

Equity Compensation

Stock Options

On June 6, 2024, the Compensation Committee
granted Messrs. Jore, Pang and Eilers options to purchase 131,664, 65,832 and 65,832 shares of Class A Common Stock, respectively,
under the Company’s 2024 Incentive Award Plan (the “Incentive Plan”). The Compensation Committee also granted Mr. Pang
an additional option to purchase 177,747 shares of Class A Common Stock. The options granted to the named executive officers in 2024
are eligible to vest as to 25% of the underlying shares on the first anniversary of June 6, 2024 and as to the remaining underlying
shares in 12 substantially equal quarterly installments thereafter, subject to the named