Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 367

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 2
Chunk 367
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    Number ofsecuritiesunderlyingunexercisedoptions (#)exercisable

    Number ofsecuritiesunderlyingunexercisedoptions (#)unexercisable

        Equity Incentiveplan awards:
        number ofsecuritiesunderlyingunexercisedunearnedoptions(#)

    Optionexerciseprice($)

    Number ofshares ofrestrictedstock(#)

    Market value ofshares ofrestrictedstock($)

    Khurram P. Sheikh
     
    Mar 29, 2023

    Mar 29, 2033

    422,100

    422,100
    (1) 

    -

    1.53

    -

    -

    Aug 14, 2023

    Aug 14, 2033

    -

    -

    -

    -

    20,000

    36,400

    Feb 6, 2024

    Feb 6, 2034

    -

    300,000
    (2) 

    -

    1.20

    -

    -

    Aug 29, 2024

    Aug 29, 2034

    -

    -

    -

    -

    94,787

    172,512

    Joy Mbanugo
     
    Aug 26, 2024

    Aug 6, 2034

    -

    230,000
    (3) 

    -

    2.40

    -

    -

    (1)
    This option vests in two years with 50% of it vesting in the first year of anniversary. 
  
    (2)
    This option vests in four years with 50% vesting in the second year of anniversary, and 25% in the third year of anniversary, and 25% on its fourth year of anniversary 
  
    (3)
    This option vests in three years with 1/3 vesting in the first year of anniversary, then monthly for the following two years 

Executive Compensation Arrangements

We have entered into an employment agreement with Khurram Sheikh who serves as our Chief Executive Officer for a term commencing on the consummation of the Business Combination and will continue until terminated by us or the employee or in accordance with the terms of the employment agreement. Mr. Sheikh will be paid an annualized base salary of $325,000, as revised periodically by us, as well as an