Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 1992

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 14
Chunk 1992
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10-35-8 when recognizing current period expense.  (3) 3,000 awards were forfeited during the year ended December 31, 2024 which resulted in a reversal of share-based compensation expense of $2,666 as the Company accounts for forfeitures as they occur. 

    Non-employee Directors

    Grant Date
     
    Awards (1) 
(#)

    Grant Date Fair Value  ($)

    June 6, 2024

    37,800

    10.23

  (1) These awards vest in full on the earlier of (i) the one (1) year anniversary of the grant date and (ii) the date of the next annual shareholders’ meeting of the Company following the grant date, subject to the applicable non-employee director’s continued service through the applicable vesting date. 

    Non-employee Equity Method Investees

    Grant Date 
    Awards (1) 
(#)  
    Grant Date Fair Value 
($) 
  
    June 6, 2024 
     25,000  
     10.23 
  
    September 9, 2024 (2) 
     143,000  
     5.11 

  (1) These awards vest as to 25% of the total awards granted on each of the first four anniversaries of the applicable vesting commencement date, subject to the applicable recipient’s continued service through the applicable vesting date.  (2) The vesting commencement date for RSUs granted on September 9, 2024 is June 6, 2024. Per ASC 718-10-35-2, compensation cost for an award of share-based compensation is recognized over the requisite service period. The service period for these awards begins on grant date. The Company considered the requirement in ASC 718-10-35-8 when recognizing current period expense. 

F-26

Note
12 — FAIR VALUE MEASUREMENTS

Items
Measured at Fair Value on a Recurring Basis:

The
Company accounts for certain liabilities at fair value on a recurring basis and classifies these liabilities within the fair value hierarchy
(Level 1, Level 2, or Level 3).

Liabilities
subject to fair value measurements are as follows:

    As
    of December 31, 2024 

    Level
    1  
    Level
    2  
    Level
    3