Company: APCXW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001683168-25-008326
Chunk: 43

Company: AppTech Payments Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part II, Item 8
Chunk 43
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 grants included:

    1)
    1,538,332 options were awarded to the former and current board of directors. The fair value of these options, which are non-plan with a ten-year expiration term, total $646 thousand. These options have an exercise price ranging from $0.43 to $1.05 per share and a weighted average fair value of $0.42 per share on the issuance date.

    2)
    On January 21, 2025, the Company granted 110,000 options to the former CFO with an exercise price of $0.46, a ten-year expiration term, and a fair value on the grant date of $0.47. The Company recognized $52 thousand related to this grant. The options were fully vested upon the grant date.

    3)
    On February 21, 2025, the Company granted 200,000 options to the current CFO with an exercise price of $0.42, a ten-year expiration term, and a fair value on the grant date of $0.41. The Company recognized $85 thousand related to this grant. The options were fully vested upon the grant date.

    4)
    
    On June 23, 2025, the Company cancelled all
options granted to a former employee and issued him 194,579 options with an exercise price of $1.00, a three-year expiration term, and
a fair value on the grant date of $0.17. The Company recognized $33 thousand related to this grant. The options were fully vested upon
the grant date.

    5)
    
    On July 1, 2025, the Company entered into
a separation agreement with its former Chief Executive Officer and Chairman of the Board. Under the terms of the arrangement, all previously
issued options were canceled and he was instead granted 700 thousand vested options, and 300 thousand performance-based options. The
options have a three-year life and carry an exercise price of $1. The Company recognized $112 thousand related to this grant.

The following table summarizes option activity:

    Schedule of option activity 

    Number of  shares  
    Weighted  Average  exercise price  
    Weighted  Average  remaining years 
  
    Outstanding December 31, 2024 
     5,446,785  
    $1.29  
     7.15 
  
    Issued 
     3,042,911