Company: QTIWW
Filing Date: 2025-04-23
Form Type: 8-K
Source: 0001844505-25-000045
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Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-04-23
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 21, 2025 (the “Grant Date”), the Board of Directors (the “ Board”) of QT Imaging Holdings, Inc. (the “Company”), upon the recommendation of the Compensation Committee of the Board, approved the grant to Dr. Raluca Dinu, the Company’s Chief Executive Officer, under the Company’s 2024 Equity Incentive Plan (the “Plan”), of options to purchase an aggregate of 308,750 shares of the Company’s common stock, par value $0.0001 per share (“ Common Stock”), at an exercise price per share of Common Stock equal to $0.6650 (the “ Dinu Options”), comprised of an option to purchase 75,000 shares of Common Stock (the “ Dinu Officer Grant”) and an option to purchase 233,750 shares of Common Stock (the “Dinu Director Grant”). Each of the Dinu Officer Grant and the Dinu Director Grant will be an “incentive stock option” to the maximum extent permitted by the Internal Revenue Code limits and otherwise will be a “non-qualified stock option”. The Dinu Options will be subject to the terms of the Plan and its applicable form of option grant notice and agreement as previously disclosed by the Company (the “Option Agreement”). The Option Agreement provides that the Dinu Officer Grant, which may only be exercised for vested shares, will become vested and immediately exercisable on February 15, 2026 with respect to 25,000 of the shares subject to the Dinu Officer Grant, and the remaining 50,000 shares will vest and become exercisable in eight equal quarterly installments occurring on each subsequent May 15, August 15, November 15, and February 15, with the Dinu Officer Grant being fully vested and exercisable on May 15, 2028, subject to Dr. Dinu’s continued services with the Company through the applicable vesting dates. Further, the Option Agreement provides that the Dinu Director Grant, which may only be exercised for vested shares, will vest and become exercisable in four equal quarterly installments beginning on May 15, 2025 and continuing on each of August 15, 2025, November 15, 2025, and February 15, 2026, with the Dinu Director Grant being fully vested and exerc