Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 980

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 1B
Chunk 980
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 officers”, namely our (i) principal executive
officer (PEO); (ii) our two other most highly compensated executive officers whose total compensation exceeded $100,000 for the fiscal
year ended March 31, 2025; and (iii) up to two additional individuals for whom disclosure would have been provided pursuant to Item
402(m)(2)(ii) of Regulation S-K but for the fact that the individual was not serving as an executive officer of the Company at the end
of the last completed fiscal year:

    Name and Principal
                                                                                                                                                                                      Position 
    Year  
    Salary Cost  
    Option Awards (A)(B)  
    Total 

    Steven A. Lisi 
     2025  
    $555,000  
    $266,140  
    $821,140 
  
    Chief Executive Officer and Chairman of the Board 
     2024  
    $650,000  
    $1,083,000  
    $1,733,000 
  
    Amir Avniel 
     2025  
    $412,664  
    $110,120  
    $522,784 
  
    Former Chief Business Officer/ CEO NeuroNos 
     2024  
    $495,997  
    $456,000  
    $951,997 
  
    Michael Gaul 
     2025  
    $372,669  
    $92,203  
    $464,872 
  
    Chief Operating Officer 
     2024  
    $400,000  
    $399,000  
    $799,000 
  
    Douglas Larson 
     2025  
    $324,423  
    $80,853  
    $405,276 
  
    Chief Financial Officer 
     2024  
    $350,000  
    $342,000  
    $692,000 

    (A)
    This column represents the grant date fair value of awards from Beyond Air, Beyond Cancer and NeuroNos in accordance with stock-based compensation rules under Accounting Standards Codification (“ASC”) Topic 718.

    (B)
    The respective agreements include a change of control provision that would automatically vest any unvested restricted stock units or unvested stock options if triggered. 

Employment Agreements with Named Executive Officers

Our employment agreements with
our named executive officers contain provisions standard for a