Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 598

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 598
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 audit committee and compensation committee. In addition,
from time to time, special committees may be established under the direction of the board of directors when necessary to address specific
issues.

61

Audit
Committee

Our
audit committee is responsible for, among other things:

    ●
    Approving
    and retaining the independent auditors to conduct the annual audit of our financial statements; 

    ●
    reviewing
    the proposed scope and results of the audit; 

    ●
    reviewing
    and pre-approving audit and non-audit fees and services;

    ●
    reviewing
    accounting and financial controls with the independent auditors and our financial and accounting staff; 

    ●
    reviewing
    and approving transactions between us and our directors, officers and affiliates; 

    ●
    establishing
    procedures for complaints received by us regarding accounting matters; 

    ●
    overseeing
    internal audit functions, if any; and 

    ●
    preparing
    the report of the audit committee that the rules of the SEC require to be included in our annual meeting proxy statement.

Our
audit committee consists of Dana Kilborne, Cole Oliver, Leonardo Riera and Jeffrey Shuman, with Ms. Kilborne serving as chair. Our board
of directors has affirmatively determined that Ms. Kilborne and Messrs. Oliver, Riera and Shuman each meet the definition of “independent
director” under the Nasdaq rules, and that they meet the independence standards under Rule 10A-3. Each member of our audit committee
meets the financial literacy requirements of the Nasdaq rules. In addition, our board of directors has determined that Ms. Kilborne qualifies
as an “audit committee financial expert,” as such term is defined in Item 407(d)(5) of Regulation S-K. Our board of directors
adopted a written charter for the audit committee, which is available on our principal corporate website at www.sidusspace.com.

Compensation
Committee

Our
compensation committee is responsible for, among other things:

    ●
    reviewing
    and recommending the compensation arrangements for management, including the compensation for our president and chief executive officer;

    ●
    establishing
    and reviewing general compensation policies with the objective to attract and retain superior talent, to reward individual performance
    and to achieve our financial goals; 

    ●
    administering
    our stock incentive plans; and 

    ●
    preparing
    the report of the compensation committee