Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1159

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 1159
---
exercised unearned options
    (#)  
    Option
    exercise price
    ($)  
    Option
    expiration date 
  
    Allen Salmasi
    (1)  
    12/30/24 
     3,036,308  
               0  
               0  
    $3.89  
    12/30/28 
  
    Janice K. Smith (2)  
    5/19/22 
     29,345  
     0  
     0  
     3.01  
    5/19/32 

    5/10/24 
     18,013  
     0  
     0  
     9.07  
    5/10/34 
  
    Mark Tubinis (3)  
    12/31/19 
     15,695  
     0  
     0  
     2.75  
    12/31/29 

    4/30/20 
     23,542  
     0  
     0  
     2.75  
    4/30/30 

    5/19/22 
     9,975  
     0  
     0  
     3.01  
    5/10/32 

    5/10/24 
     3,306  
     0  
     0  
     9.01  
    5/10/24 

(1)All equity awards held by Mr., Salmasi are
                                            fully vested.

(2)All equity awards held by Ms. Smith are
                                            fully vested.

(3)All
                                            equity awards held by Mr. Tubinis are fully vested.

Narrative
Disclosure to Summary Compensation Table

Base Salaries

In 2024 and 2023, as applicable,
the named executive officers received annual base salaries to compensate them for services rendered to the Company. The base salary payable
to each named executive officer is intended to provide a fixed component of compensation reflecting the executive’s skill set, experience,
role and responsibilities.

In 2023 the annual base salaries
of Ms. Smith and Mr. Michael Salmasi were $250,000, $