Company: CDT
Filing Date: 2025-07-08
Form Type: DEF 14A
Source: 0001641172-25-018242
Chunk: 67

Company: CDT Equity Inc.
Filing Date: 2025-07-08
Form: DEF 14A
Chunk 67
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 480,000 |
| Executive Officers as a Group        |     | $                    | 4,672,000 |     |                    | 1,600,000 |
| Non-Executive Director Group(2)      |     |                      |       N/A |     |                    |    45,000 |
| Non-Executive Officer Employee Group |     | $                    |         0 |     |                    |         0 |

(1)Granted in the form of fully vested shares.

(2)Granted in the form of fully vested stock options.

(3)Based on our closing stock price on July 3, 2025 of $2.92.

(4)Reflects the maximum amount of the proposed grant. These numbers are subject to an additional aggregate cap of 20% of our outstanding shares on the date of grant, with the cap allocated 14% to Mr. Regan and 6% to Mr. Bligh.

Registration Statement

The Company intends to file with the SEC a registration statement on Form S-8 covering some or all of the shares of the common stock issuable under the Amended 2023 Plan with the SEC pursuant to the Securities Act after approval of the Amended 2023 Plan by our stockholders.

| 43 |

Vote Required

The approval of the Amended 2023 Plan, in the form attached as Annex A to this proxy statement, requires the approval by a majority of the votes cast by the holders of shares of common stock present virtually or represented by proxy at the 2025 Annual Meeting and entitled to vote thereon. Abstentions and broker non-votes, if any, are not treated as votes cast and, therefore, will have no effect on the outcome of this proposal. The approval of the Amended 2023 Plan is a matter considered “non-routine” under applicable rules.

Recommendation

<div align='center'>Our Board recommends that you vote “FOR” the approval of the Amended 2023 Plan to increase the number of shares issuable pursuant to the plan (Proposal No. 3 on the proxy card).

DELINQUENT SECTION 16(a) REPORTS</div>

Section 16(a) of the Exchange Act requires that our directors and executive officers, and persons who own more than ten percent of a registered class of our equity securities, to file with the SEC initial reports of ownership and reports of changes in ownership of common stock and other equity securities of the Company. Officers, directors and greater