Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000097
Chunk: 42

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 42
---
 using the following assumptions: stock price of $ 0.32, no assumed

<div align='center'>23</div>

#### NAUTICUS ROBOTICS, INC.

### NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
<div align='center'>(UNAUDITED)</div>

dividends, implied volatility of 99.9%, and a remaining term of 8.5years. The change in value of the SPA Warrants during the three months ended March 31, 2024 and 2023, was a gain of $ 7,942,330and a loss of $ 2,837,513, respectively, and was reported with other (income) expense in our condensed consolidated statements of operations.

#### 14. Stock-Based Compensation
On September 6, 2022, shareholders approved our 2022 Omnibus Incentive Plan (the “Omnibus Incentive Plan”) and on September 9, 2022, our board of directors ratified the Omnibus Incentive Plan. The Omnibus Incentive Plan provides for the grant of options, stock appreciation rights, restricted stock units (“RSUs”), restricted stock and other stock-based awards, any of which may be performance-based, and for incentive bonuses, which may be paid in cash, Common Stock or a combination thereof. During the three months ended March 31, 2024, 8,197,428RSUs were granted with a weighted-average grant-date fair value of $ 0.33. As of March 31, 2024, 8,646,527equity units remained outstanding.

At September 9, 2022, 279,464options originally issued under the 2015 Equity Incentive Plan were converted into 3,970,266options to purchase shares of our Common Stock. As of March 31, 2024, 2,555,470options remained outstanding.

Total stock-based compensation expense including options, PRSUs, and RSUs for the three months ended March 31, 2024 and 2023, net of forfeiture adjustments, totaled $ 530,655and $ 1,214,863, respectively.

#### 15. Employee Benefit Plan
Nauticus offers a 401(k) plan which permits eligible employees to contribute portions of their compensation to an investment trust. The Company makes contributions to the plan totaling 3% of employees’ gross salaries and such contributions vest immediately.