Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 468

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 468
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-employee director compensation
program provides for annual retainer fees and/or equity awards for our non-employee directors as summarized below. In 2024, non-employee
directors received an annual cash retainer of $20,000 and an equity award in the form of RSUs, as set forth above.

    Position  
    Annual
    Cash Retainer 
  
    Non-Executive Member of Board 
    $35,000 
  
    Audit Committee Chair 
     15,000 
  
    Other Audit Committee Member 
     7,500 
  
    Compensation Committee Chair 
     10,000 
  
    Other Compensation Committee Member 
     5,000 
  
    Nominating and Corporate Governance Committee
    Chair 
     7,500 
  
    Other Nominating and Corporate Governance Member 
     4,000 

Compensation under our non-employee director compensation policy will
be subject to the annual limits on non-employee director compensation set forth in the 2024 Plan, as described above,. Our board of directors
or its authorized committee may modify the non-employee director compensation program from time to time in the exercise of its business
judgment, taking into account such factors, circumstances and considerations as it shall deem relevant from time to time, subject to the
annual limit on non-employee director compensation set forth in the 2024 Plan.

ITEM
12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 

The following table sets forth information known to the Company regarding
beneficial ownership of shares of the Company’s Common Stock as of March 14, 2025 by:

●each
                                            person known by the Company to be the beneficial owner of more than 5% of the Company’s
                                            outstanding Common Stock;

●each
                                            of the Company’s named executive officers and directors; and

●all
                                            executive officers and directors as a group.

Beneficial
ownership is determined according to the rules of the SEC, which generally provide that a person has beneficial ownership of a security
if he, she or it possesses sole or shared voting or investment power over that security, including options, warrants and certain other
derivative securities that are currently exercisable or will become exercisable within 60 days.

The percentage of beneficial ownership is based on 34,440,377 shares
of Common Stock issued and outstanding as of March 14, 2025.

In
accord