Company: AIRJW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0000950170-25-108487
Chunk: 10

Company: AirJoule Technologies Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 4
Chunk 10
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Not applicable.

Item 5. Other Information

Rule 10b5-1 and Non-Rule 10b5-1 Trading Arrangements

During the quarter ended June 30, 2025, no director or officer (as defined in Rule 16a-1(f) under the Exchange Act) of the Company adopted or terminated a “Rule 10b5-1 trading agreement” or “non-Rule 10b5-1 trading agreement,” as each term is defined in Item 408 of Regulation S-K.

Amended and Restated Executive Severance Plan

On August 12, 2025, the Compensation Committee of the Board of Directors of the Company adopted the AirJoule Technologies Corporation Amended and Restated Executive Severance Plan (the “Amended Plan”). The Amended Plan amends and restates the Montana Technologies Corporation Executive Severance Plan (the “Original Plan”) in its entirety.

Under the Amended Plan, as it relates to Matthew B. Jore (Chief Executive Officer of the Company), Stephen S. Pang (Chief Financial Officer of the Company) or Patrick C. Eilers (Executive Chairman of the Company), each of whom is a named executive officer (each, an “Executive”), if the applicable Executive experiences a termination of employment (i) by the Company without “cause” or by the Executive for “good reason” (each as defined in the Amended Plan) during the 12-month period following the consummation of a “change in control” of the Company (as defined in the Amended Plan), or (ii) by the Company without “cause”