Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 141

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1
Chunk 141
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2.11 per restricted stock unit, for a weighted average fair value of $2.04 per restricted stock unit. There was no other activity related to restricted stock units for the year ended December 31, 2024.

The following summarizes our RSUs transaction activity for the year ended December 31, 2024:

    Schedule of RSUs transaction

    Shares

    Weighted Average Grant Date Fair Value

    Outstanding at January 1, 2024

    486,165

    $
    7.80

    Granted

    520,935

    $
    2.04

    Vested

    (318,165
    )
     
    $
    7.33

    Forfeited

    -

    Outstanding at December 31, 2024

    688,935

    Shares

    Weighted Average Grant Date Fair Value

    Outstanding at March 15, 2023

    -

    $

    Granted

    526,165

    $
    7.80

    Forfeited

    (40,000
    )
     
    $
    7.13

    Outstanding at December 31, 2023

    486,165

The total fair value of RSUs vested during the year ended December 31, 2024, was $2,331 thousand. There was no RSUs vested during the year ended December 31, 2023.

Non-cash stock-based compensation expenses related to restricted stock units recorded in the financial statements is summarized below:

    Schedule of non-cash stock-based compensation expenses related to restricted stock units

    Successor

    Year ended December 31, 2024

    Period from March 15, 2023, to December 31, 2023

    Research and development
     
    $
    605

    $
    -

    Sales and marketing

    310

    -

    General and administrative

    1,363

    686

    Total non-cash stock compensation
     
    $
    2,278

    $
    686

As of December 31, 2024, and December 31, 2023, the Company has approximately $1,016 thousand and $1,796 thousands of unrecognized restricted stock unit compensation to be expensed over a weighted average period of 0.91 year and 1.42 years, respectively.

    F-32

NOTE