Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 124

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 124
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| Chief Executive Officer  |     |                  |         |     |                  |        |
| Janice K. Smith          |     |                  | 115,423 |     |                  | 83,105 |
| Chief Operating Officer  |     |                  |         |     |                  |        |
| Mark Tubinis             |     |                  |  71,186 |     |                  | 51,254 |
| Chief Commercial Officer |     |                  |         |     |                  |        |

Long Term Equity Compensation Plans

Veea maintains the Veea Inc.
2024 Incentive Award Plan (the “2024 Incentive Plan”), which became effective upon the Closing. 4,460,437 shares of Common
Stock have been initially reserved for issuance of awards under the 2024 Incentive Plan (the “Initial Limit”). The Initial
Limit is subject to increase over a ten-year period. The 2024 Incentive Plan provides for the grant of stock options, which may be ISOs
or non-statutory stock options (“NSOs”), stock appreciation rights (“SARs”), restricted shares, restricted stock
units and other stock or cash-based awards that the administrator determines are consistent with the purpose of the 2024 Incentive Plan.
As of September 30, 2024, the Company has 3,568,676 shares available for issuance under the 2024 Incentive Plan.

Veea also maintains the 2024
Employee Stock Purchase Plan (the “ESPP”), which become effective upon the Closing. An aggregate of 1,070,603 shares of Common
Stock have been reserved for issuance under the ESPP, which represents 3% of the aggregate number of shares of the Company’s common
stock outstanding immediately after the Closing. This amount is subject to increase each year over a ten-year period. The ESPP provides
eligible employees with an opportunity to purchase Common Stock from the Company at a discount through accumulated payroll deductions.
The first purchase period has not begun as of September 30, 2024. Under the terms of the ESPP, the purchase price per share cannot be
less than 85% of the lower of the fair market value per share of the Common Stock on either the offering date or on the purchase date.

Health and Welfare Plans

Our NEOs are eligible to participate in the employee benefit plans that we offer to our employees generally, including medical, dental, vision, life and accidental death and dismemberment