Company: VEEAW
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001213900-25-074676
Chunk: 212

Company: VEEA INC.
Filing Date: 2025-08-12
Form: S-1/A
Chunk 212
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 Term        
 (years)     |      |
|:---------------------------------|:----|:----------|----------:|:--|:----|:---------------|-----:|:----|:------------|-----:|
| Outstanding at December 31, 2024 |     |           | 3,790,702 |   |     | $              | 1.04 |     |             | 5.98 |
| Granted                          |     |           |    30,000 |   |     |                | 1.82 |     |             |    - |
| Exercised                        |     |           |   (24,420 | ) |     |                |    - |     |             |    - |
| Forfeited                        |     |           |   (12,245 | ) |     |                | 2.78 |     |             |    - |
| Outstanding at March 31, 2025    |     |           | 3,784,037 |   |     | $              | 1.64 |     |             | 8.50 |
| Exercisable at March 31, 2025    |     |           | 3,744,271 |   |     |                |      |     |             |      |

F-15

The fair value of each stock option
granted is estimated using the Black-Scholes option-pricing model using the single-option award approach.

|                       |     | March 31, 
 2025      |      |   |
|:----------------------|:----|:----------|-----:|:--|
| Stock Price           |     | $         | 1.82 |   |
| Expected term (years) |     |           |  5.0 |   |
| Volatility            |     |           | 75.0 | % |
| Risk-Free Rate        |     |           | 4.12 | % |

Stock compensation expense related
to the common stock options outstanding for the three months ended March 31, 2025 and 2024, was $ and $, respectively, which
is included in general and administrative expenses in the Company’s condensed consolidated statements of operations and comprehensive
income (loss). Total unrecognized expense related to unvested options outstanding as of March 31, 2025, was $ which will be recognized
over a weighted average period of years.

Restricted Stock Units

There were no RSUs granted or