Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 1371

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 3
Chunk 1371
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 2013 BA Plan is 16,600,000 shares.

On
November 22, 2024, the Board of Directors approved a one-time stock option repricing of 10,586,473 options (“Option Repricing”),
effective November 22, 2024 (“Effective Date”), in accordance with 2013 BA Plan. Pursuant to the Option Repricing, all options
granted pursuant to the 2013 BA Plan that were held by Company Board members, officers, and employees expected to continue providing
services to the Company were repriced, to the extent such options had an exercise price in excess of $0.54, the closing price per share
of the common stock of the Company as reported on The Nasdaq Stock Market on November 22, 2024. As of the Effective Date, all such options
were repriced such that the exercise price per share was reduced to $0.54.

The
2013 BA Plan is scheduled to terminate on August 13, 2028. No stock awards shall be granted pursuant to the 2013 BA Plan after such date,
but awards theretofore granted may extend beyond that date. The Board may suspend or terminate the 2013 BA Plan at any earlier date.
No stock awards may be granted under the 2013 BA Plan while the Plan is suspended or after it is terminated.

The
following table summarizes the total number of outstanding options and shares available for other future issuances of options under the
2013 BA Plan and the 2021 Employee Stock Purchase Plan as of March 31, 2025:

    Plan Category 
    Number of Shares to be Issued Upon Exercise of Outstanding Options, Warrants and Rights  
    Weighted- Average Exercise Price of Outstanding Options, Warrants and Rights  
    Number of Shares Remaining Available for Future Issuance Under the Equity Compensation Plan (Excluding Shares in First Column) 
  
    Equity compensation plans approved by stockholders (1) 
     13,346,604  
    $0.46  
     682,229(3)
  
    Equity compensation plans not approved by stockholders (2) 
     1,437,369  
    $0.53  
     - 

(1)
Represents shares of common stock reserved for future issuance upon exercise of outstanding stock options under the 2013 BA Plan that
were approved by our stockholders.

(2)
Represents shares of common stock