Company: QTIWW
Filing Date: 2025-04-23
Form Type: 8-K
Source: 0001844505-25-000045
Chunk: 1

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-04-23
Form: 8-K
Item: Item 5.02
Chunk 1
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isable on February 15, 2026, subject to Dr. Dinu’s continued services with the Company through the applicable vesting dates.

Also on the Grant Date, the Board, upon the recommendation of the Compensation Committee of the Board, approved the grant to Anastas Budagov, the Company’s Chief Financial Officer, under the Plan, of options to purchase 50,000 shares of the Company’s Common Stock, at an exercise price per share of Common Stock equal to $0.6650 (the “Budagov Option”). The Budagov Option 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 Budagov Option will be subject to the terms of the Plan and the Option Agreement as previously disclosed by the Company. The Option Agreement provides that the Budagov Option, which may only be exercised for vested shares, will become vested and immediately exercisable on February 15, 2026 with respect to 16,667 of the shares subject to the Budagov Option, and the remaining 33,333 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 Budagov Option being fully vested and exercisable on May 15, 2028, subject to Mr. Budagov’s continued services with the Company through the applicable vesting dates.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  Dated:      April 23, 2025      QT Imaging Holdings, Inc.                               
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                                  By:                            /s/ Raluca Dinu          
                                  Name:                          Raluca Dinu              
                                  Title:                         Chief Executive Officer