Company: CXAI
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001829126-25-009077
Chunk: 35

Company: CXApp Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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     Outstanding at January 1, 2025

    688,935

    $
    3.70

    Granted

    1,000,000

    $
    1.00

    Vested

    (617,435
    )
     
    $
    3.59

    Forfeited

    -

    $
    - 

    Outstanding at September 30, 2025

    1,071,500

    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

    27

The total fair value of RSUs vested was $1,309 thousand
and $2,214 thousand, during the three and nine months ended September 30, 2025, respectively. The total fair value of RSUs vested was $2,318 thousand for three and nine months ended September 30, 2024.

Non-cash stock-based compensation expenses related
to restricted stock units for the three and nine months ended September 30, 2025 and September 30, 2024 were recorded in the financial
statements as summarized below:

    Schedule of non-cash stock-based compensation expenses related to restricted stock units

    Three Months ended September 30, 2025

    Nine Months ended September 30, 2025

    Three Months ended September 30, 2024

    Nine Months ended September 30, 2024

    Research and development

    4

    387

    100

    504

    Sales and marketing

    2

    195

    51

    257

    General and administrative

    776

    1,268

    648

    1,152

    Total non-cash stock compensation

    782

    1,850

    799

    1,913

As of September 30, 2025, the Company has approximately
$594
thousand of unrecognized restricted stock unit compensation to be expensed over a weighted