Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 391

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 391
---
 the exercise of a stock appreciation right will be no less than 100% of the fair market value per share on the date of grant. However, stock appreciation rights may be granted with an exercise price per share of less than 100% of the fair market value per share on the date of grant in limited cases under certain transactions as described under Code Section 424(a). Until shares are issued under a stock appreciation right, the participant will not have any right to vote or receive dividends or have any other rights as a stockholder with respect to such shares, and no adjustment will be made for a dividend or other right for which the record date is before the date such shares are issued, except as provided in the Incentive Plan, as summarized further above.

Restricted Stock

Restricted stock may be granted under the Incentive Plan. Generally, restricted stock awards are grants of shares of Post-Closing Company Class A common stock that may have vesting requirements or other terms and conditions established by the administrator. The administrator will determine the number of shares of restricted stock granted to any employee, director or consultant and, subject to the provisions of the Incentive Plan, will determine the terms and conditions of such awards. The administrator may impose whatever restrictions on transferability, forfeiture provisions or other restrictions or vesting conditions (if any) it determines to be appropriate (for example, the administrator may set restrictions based on the achievement of specific performance goals or continued service to us). The administrator, in its sole discretion, may accelerate the time at which any restrictions will lapse or be removed. The administrator may determine that an award of restricted stock will not be subject to any period of restriction and consideration for such award is paid for by past services rendered as a service provider. Recipients of restricted stock awards generally will have voting rights and rights to dividends and other distributions with respect to such shares upon grant, unless the administrator provides otherwise. If such dividends or distributions are paid in shares, the shares will be subject to the same restrictions on transferability and forfeitability as the share of restricted stock with respect to which they were paid. Shares of restricted stock that do not vest are subject to forfeiture.

Restricted Stock Units

Restricted stock units (“RSUs”) may be granted under the Incentive Plan. Each RSU is a bookkeeping entry representing an amount equal to the fair market value of one share of Post-Closing Company Class A common stock. Subject to the provisions of the Incentive Plan, the administrator determines the terms and conditions of RSUs, including