Company: SIDU
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010989
Chunk: 74

Company: Sidus Space Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 74
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,330.
During the three months ended March 31, 2025 and 2024, the Company recognized stock option expense of $136,452
and $41,698,
respectively, and as of March 31, 2025, $927,360
remains unamortized and is expected to be recognized ratably over the remaining vesting period through February 1, 2028. The intrinsic value of the 329,752
options outstanding as of March 31, 2025, is $0.

A
summary of activity of the stock options during the three months ended March 31, 2025, is as follows:

Schedule
of Activity of Stock Options

    Options Outstanding  
    Weighted Average 

    Number of  
    Weighted Average  
    Remaining life 

    Options  
    Exercise Price  
    (years) 

    Outstanding, December 31, 2024 
     64,752  
    $11.67  
     3.82 
  
    Granted 
     265,000  
     2.57  
     5.00 
  
    Exercised 
     -  
     -  
     - 
  
    Forfeited/canceled 
     -  
     -  
     - 
  
    Outstanding, March 31, 2025 
     329,752  
    $4.36  
     4.59 

    Exercisable options, March 31, 2025 
     35,088  
    $8.01  
     3.73 

Restricted
Stock Unit (RSU)

On
February 1, 2025, the Company granted 265,000
RSUs to employees of the Company, valued at $620,689. RSUs entitle the holder to receive a specified number of shares of the
Company’s common stock and RSU issued vest 100%
of shares subject to the RSU on the third anniversary date, on February 1, 2028. During the three months ended March 31, 2025, the
Company recognized stock compensation expense of $36,511
related to unvested RSUs, which is expected to be recognized ratably over the service period of 2.84
years. These RSUs are not included in shares outstanding.

Stock