Company: VEEAW
Filing Date: 2025-08-14
Form Type: 424B4
Source: 0001213900-25-076086
Chunk: 143

Company: VEEA INC.
Filing Date: 2025-08-14
Form: 424B4
Chunk 143
---
 named executive officer is intended to provide a fixed component of compensation reflecting the executive’s skill set,
experience, role and responsibilities.

In 2023 the annual base salaries
of Mr. Michael Salmasi, Ms. Smith and Mr. Tubinis were $240,000, $250,000 and $210,000, respectively, and remained unchanged in 2024.
Mr. Allen Salmasi did not receive an annual salary in 2023 and 2024.

Cash Bonuses

In 2024 and 2023 we did not
have any formal arrangements with our named executive officers providing for annual cash bonus awards. Ms. Smith received a discretionary
cash bonus in 2024, as discussed below.

CEO Equity Award

On December 30, 2024, the
Board approved an equity award to Mr. Salmasi in the form of a non-qualified stock option to purchase 2,992,475 shares of common stock
for an exercise price per share of $3.89, which was the fair market value of a share of common stock on the grant date. The award was
fully vested and exercisable at the time of grant and expires December 30, 2028. The award was made in recognition of Mr. Salmasi’s
exceptional performance and contributions to the Company and its subsidiaries.

2024 Special Bonus to Ms. Smith

On November 11, 2024, the
Compensation Committee approved a discretionary special cash bonus in the amount of $40,000 to Ms. Smith, for her exceptional performance
in fiscal year 2024. The special bonus was paid, less applicable tax withholding, in December 2024.

Equity Compensation

Veea maintains the Veea Inc.
2024 Incentive Award Plan (the “2024 Incentive Plan”), which became effective upon the Closing. 4,460,437 shares
of common stock were initially reserved for issuance of awards under the 2024 Incentive Plan (the “Initial Limit”).
The Initial Limit is subject to increase over a ten-year period. The 2024 Incentive Plan provides for the grant of stock options, which
may be ISOs or non-statutory stock options (“NSOs”), stock appreciation rights (“SARs”),
restricted shares, restricted stock units and other stock or cash-based awards that the administrator determines are consistent with
the purpose of the 2024 Incentive Plan. As of March 31, 2025