Company: SIDU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024043
Chunk: 21

Company: Sidus Space Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 21
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82 
  
    Granted 
     265,000  
     2.57  
     5.00 
  
    Exercised 
     -  
     -  
     - 
  
    Forfeited/canceled 
     -  
     -  
     - 
  
    Outstanding, June 30, 2025 
     329,752  
    $4.36  
     4.34 

    Exercisable options, June 30, 2025 
     35,088  
    $8.01  
     3.48 

    22

Restricted
Stock Unit (RSU)

On
February 1, 2025, the Company granted 265,000 RSUs to employees of the Company, valued at $620,689. RSUs entitle the holder
to receive a specified number of shares of the Company’s common stock and RSU issued vest 100% of shares subject to the RSU
on the third anniversary date, on February 1, 2028. The $620,689 related to unvested RSU’s is expected to be recognized ratable
over the service period of three years. During the six months ended June 30, 2025, the Company recognized stock compensation expense
of $91,275 related to unvested RSUs. Stock compensation expense is expected to be recognized ratably over the remaining service
period of 2.59 years. These RSUs are not included in shares outstanding.

Stock
Award

During
the six months ended June 30, 2025, the Company recorded stock compensation expense of $81,666 for 32,026 vested shares
as part of an annual total stock award to be issued of 66,667 shares of Class A Common Stock to board members.

Note
15. Segment

The
Company operates as one operating segment. The Company’s chief operating decision maker (“CODM”) is its chief executive
officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated operating margin and net income
to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions,
such as the determination of the rate at which the Company seeks to grow global operating margin and the allocation of budget between
cost of revenues, sales and marketing, technology and development,