Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 418

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 418
---
, including the ethical handling of actual or apparent conflicts of interest between personal and professional
relationships, full, fair, accurate, timely and understandable disclosure in reports and documents that the Company files with or submits
to the SEC and in the Company’s other public communications, compliance with applicable governmental laws, rules and regulations,
the prompt internal reporting of Code violations to an appropriate person or persons, as identified in the Code and accountability for
adherence to the Code. The Code applies to all directors, executive officers and employees of the Company. The Code is periodically reviewed
by the Board. In the event we determine to amend or waive certain provisions of the Code, we intend to disclose such amendments or waivers
on our website at http://www.xtiaerospace.com under the heading “Investors” within four business days following
such amendment or waiver or as otherwise required by the Nasdaq Listing Rules.

Insider
Trading Policy

We have an insider trading
policy (which was adopted by the Board in November 2015 and updated as of August 2020) that governs the purchase, sale, and/or
other dispositions of our securities by our directors, officers and employees. We believe that our insider trading policy is reasonably
designed to promote compliance with insider trading laws, rules and regulations, and Nasdaq listing standards. Our insider trading policy,
among other things, prohibits directors, executive officers and members of our executive and operations teams (collectively, “Covered
Persons”) from holding our securities in a margin account, pledging our securities as collateral for a loan, or engaging in short
selling or similar hedging activities involving our securities. A copy of our insider trading policy is filed as an exhibit to this Annual
Report.

Risk Oversight

Our
Board provides risk oversight for our entire company by receiving management presentations, including risk assessments, and discussing
these assessments with management. The Board’s overall risk oversight, which focuses primarily on risks and exposures associated
with current matters that may present material risk to our operations, plans, prospects or reputation, is supplemented by the various
committees. The Audit Committee discusses with management and our independent registered public accounting firm our risk management guidelines
and policies, our major financial risk exposures and the steps taken to monitor and control such exposures. Our Compensation Committee
oversees risks related to our compensation programs and discusses with management its annual assessment of our employee compensation
policies and programs. Our Governance Committee oversees risks related to corporate governance and management and director succession
pl