Company: QTIWW
Filing Date: 2025-01-31
Form Type: S-1/A
Source: 0001628280-25-003316
Chunk: 271

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-31
Form: S-1/A
Chunk 271
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 Underlying    
 Unexercised   
 Options       
 Unexercisable |         |     | Option    
 Exercise  
 Price ($) |       |     | Option     
 Expiration 
 Date       |     |            |
|:----------------|:----|:--------------|:----|:------------|:--|:----|:--------------|--------:|:----|:----------|------:|:----|:-----------|:----|:-----------|
| Dr. Raluca Dinu |     | 07/03/2024    |     |             | — |     |               | 590,000 |     | $         | 0.748 |     |            |     | 07/03/2034 |
| Anastas Budagov |     | 07/03/2024    |     |             | — |     |               | 325,000 |     | $         | 0.748 |     |            |     | 07/03/2034 |

Employment Arrangements with Named Executive Officers

Employment Agreement with Dr. Raluca Dinu

On March 12, 2024, the Board appointed Dr. Raluca Dinu, who is also a member of the Board, to be employed as its Acting Chief Executive Officer effective as of March 12, 2024. Dr. Dinu will report to the Board. On March 18, 2024, the Board approved an employment agreement (the “ CEO Employment Agreement ”) between Dr. Dinu and the Company, effective as of March 12, 2024, governing the terms of Dr. Dinu’s employment by the Company, which the Company and Dr. Dinu then entered into.

Under the terms of the CEO Employment Agreement, Dr. Dinu will be hired on an “at will” basis and shall serve as the Company’s Chief Executive Officer on an interim but full-time basis, performing her duties and responsibilities in such capacity. The CEO Employment Agreement provides that Dr. Dinu will serve as the Company’s Chief Executive Officer until the earlier of the twelve (12) month anniversary of the Effective Date or the date on which her employment is terminated in accordance with the terms of CEO Employment Agreement, but that the term of the CEO Employment Agreement may be renewed by written agreement between Dr. Dinu and the Company. Dr. Dinu’s employment is “at will” and terminable by the Company at any time and for any reason or no reason