Company: AIRJW
Filing Date: 2025-05-16
Form Type: POS AM
Source: 0001213900-25-044504
Chunk: 169

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-16
Form: POS AM
Chunk 169
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 of 8,000shares of Class A common stock, as converted, for a total purchase price of $ 3,920. In September 2024, three Legacy Montana option holders exercised their options to purchase a total of 67,495shares of Class A common stock, as converted, for a total purchase price of $ 33,073. In the three months ended December 31, 2024, three Legacy Montana option holders exercised their options to purchase a total of 85,496shares of Class A common stock, as converted, for a total purchase price of $ 37,453. As of December 31, 2024, of the 1,174,089Legacy Montana options that are outstanding, 594,955options expire on December 7, 2030, 71,395options expire on March 15, 2031, 234,160options expire on April 4, 2030, and 273,579options expire on April 8, 2031. 2024 Incentive Award Plan On March 8, 2024, the holders of XPDB common stock considered and approved the Montana Technologies Corporation’s 2024 Incentive Award Plan (the “Incentive Plan”) and Montana Technologies Corporation’s 2024 Employee Stock Purchase Plan (the “ESPP” and together with the Incentive Plan, the “Incentive Plans”), which became effective immediately upon the Closing on March 14, 2024. Under the Incentive Plans, the Company may grant equity and equity-based awards to certain employees, consultants and non-employee directors award, such as, (a) Incentive Stock Options (granted to employees only), (b) Non-Qualified Stock Options (“NSOs”), (c) Stock Appreciation Right, (d) Restricted Stock Units (e) Restricted Stock (“RSUs”), (f) dividend equivalents and (g) other stock and cash-based awards of the Company (“Incentive Award”). The sum of any cash compensation, or other compensation, and the value (determined as of the grant date in accordance with ASC 718, or any successor thereto) of awards granted to a non-employee director as compensation for services as a non-employee director during any fiscal year of the Company may not exceed $ 500,000(or, with respect to the first fiscal year of the Post-Combination Company during which a non-employee director first serves as a non-