Company: VEEAW
Filing Date: 2025-08-06
Form Type: S-1/A
Source: 0001213900-25-072342
Chunk: 258

Company: VEEA INC.
Filing Date: 2025-08-06
Form: S-1/A
Chunk 258
---
 Business Combination. Unvested Private Veea options did not accelerate nor vest on the consummation of the Business Combination. All stock option activity was retroactively restated to reflect the effect of the Exchange Ratio. Generally, stock options vest 25% on the first anniversary of the vesting commencement date and then quarterly thereafter for 12 quarters, or pursuant to another vesting schedule as approved by the Board and set forth in the option agreement. Stock options have a maximum term of ten years from the date of grant. F-49 Veea Inc. and Subsidiaries Notes to the Consolidated Financial Statements For the Years ended December 31, 2024 and 2023

Option Activity

Stock option activity under the Plan was as follows for the year ended December 31, 2024:

|                                            |     | Number of 
 Options   |           |   |     | Weighted-      
 Average        
 Exercise Price 
 per Share      |      |     | Weighted-   
 Average     
 Remaining   
 Contractual 
 Term        
 (years)     |      |
|:-------------------------------------------|:----|:----------|----------:|:--|:----|:---------------|-----:|:----|:------------|-----:|
| Outstanding at December 31, 2023, recasted |     |           | 1,202,724 |   |     | $              | 0.55 |     |             | 5.85 |
| Granted                                    |     |           | 3,063,139 |   |     |                | 1.78 |     |             |    - |
| Exercised                                  |     |           |   (60,454 | ) |     |                |    - |     |             |    - |
| Forfeited                                  |     |           |    (9,127 | ) |     |                | 0.54 |     |             |    - |
| Outstanding at December 31, 2024           |     |           | 4,196,282 |   |     |                | 1.04 |     |             | 5.98 |
| Exercisable at December 31, 2024           |     |           | 4,145,552 |   |     |                |      |     |             |      |

The aggregate intrinsic value is the fair market value on the reporting date less the exercise price for each option.

The fair value of each stock option award is estimated on