Company: XAIR
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023243
Chunk: 29

Company: Beyond Air, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 STATEMENTS (UNAUDITED)

NOTE
4 STOCKHOLDERS’ EQUITY (continued)

Restricted
Stock Units

The
fair value for the restricted stock unit awards was valued at the closing price of the Company’s common stock on the date of grant.
Restricted stock units vest annually over five years.

A
summary of the Company’s restricted stock unit awards for the three months ended June 30, 2025 is as follows:

SCHEDULE OF RESTRICTED STOCK AWARDS 

    Number Of
                                                                                Shares  
    Weighted Average Grant Date Fair Value 

    Unvested as of March 31, 2025 
     18,265  
    $139.40 
  
    Granted 
     -  
     - 
  
    Vested 
     -  
     - 
  
    Forfeited 
     -  
     - 
  
    Unvested as of June 30, 2025 
     18,265  
    $139.40 

Stock-based
compensation expense related to these stock issuances for the three months ended June 30, 2025 and June 30, 2024 was $0.2 million and
$0.3 million, respectively.

As
of June 30, 2025, the Company had unrecognized stock-based compensation expense for the restricted stock unit awards in the 2013 BA Plan
of approximately $0.7 million, which is expected to be expensed over the weighted average remaining service period of 1.3 years.

As
of June 30, 2025, all vested shares had been issued.

Stock
Options

The
vesting terms of the options issued under the 2013 BA Plan are generally four years and expire ten years from the grant date.

A
summary of the change in stock options for the three months ended June 30, 2025 is as follows:

SCHEDULE OF OPTION ACTIVITY  

    Number of Options  
    Weighted Average Exercise Price of Options  
    Weighted Average Remaining Contractual Life of Options  
    Aggregate Intrinsic Value (in thousands) 

    Options outstanding as of March 31, 2025 
     739,219  
    $9.34  
     7.9  
    $- 
  
    Granted 
     2,050  
     5.89  
     -