Company: QTIWW
Filing Date: 2025-07-17
Form Type: DEF 14A
Source: 0001844505-25-000069
Chunk: 44

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-07-17
Form: DEF 14A
Chunk 44
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 prior appointment of Mr. Budagov as the Company’s Chief Financial Officer. Mr. Budagov’s base salary per his employment agreement, which the Board approved on March 18, 2024, effective as of March 12, 2024 was $380,000. On July 3, 2024, the Board approved the grant of 325,000 stock options to Mr. Budagov. The stock options have an exercise price of $0.748 per option and a grant date fair value of $0.47 per option. One-third of the stock options granted will vest on February 15, 2025, and the remaining two-thirds of the stock options will vest quarterly over a two year period thereafter. During 2024, Mr. Budagov received a sign-on bonus of $63,333 in accordance with his employment agreement.

(4) Effective December 8, 2023, Mikel Ann Price resigned from her full-time position as Chief Financial Officer. As part of her final termination payment, Ms. Price received a cash payment of $22,211 for earned and unused PTO.

#### Outstanding Equity Awards at Fiscal Year-End
The following table sets forth information concerning outstanding equity awards held by each of the Company’s NEOs as of December 31, 2024.

| Name            |     | Option Awards 
 Grant Date    |     | Number of   
 Securities  
 Underlying  
 Unexercised 
 Options     
 Exercisable |     |   |     | Number of     
 Securities    
 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