Company: AIRJW
Filing Date: 2025-05-27
Form Type: POS AM
Source: 0001213900-25-047828
Chunk: 171

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-27
Form: POS AM
Chunk 171
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, subject to the applicable employee’s continued service through the applicable vesting date.

F-27

Restricted Stock Units with Market-Based Conditions

The following table summarizes RSU with Market-Based Conditions activity for the three months ended March 31, 2025:

| Balance at December 31, 2024 |     | Awards |       — |     | Weighted Average Grant Date Fair 
 Value                            |     — |
|:-----------------------------|:----|:-------|--------:|:----|:---------------------------------|------:|
| Granted                      |     |        | 496,483 |     |                                  | 10.09 |
| Exercised                    |     |        |       — |     |                                  |     — |
| Forfeited                    |     |        |       — |     |                                  |     — |
| Balance at March 31, 2025    |     |        | 496,483 |     | $                                | 10.09 |

As of March 31, 2025, the unrecognized compensation cost for RSUs with market-based conditions was $ 4.8million and will be recognized over an estimated weighted-average amortization period of 2.87years. The fair values of RSUs with market-based conditions are estimated using a Monte Carlo simulation model, which incorporates the likelihood of achieving the market condition. The 496,483RSUs with market-based conditions that were granted during the three months ended March 31, 2025 consisted of 475,298awards granted to employees and 21,185awards granted to non-employee equity method investees. These awards vest subject to certain market conditions.

The Company records expense ratably over the requisite service period, with expense determined based on the grant date fair value regardless of whether the market condition is satisfied because the awards are subject to market conditions. These awards that remain subject to market conditions are reflected at the target level, which is consistent with how expense will be recorded, regardless of the numbers of shares that are expected to be earned. The grant date fair value of the awards granted is established using the Monte Carlo simulation model. The following summarizes the assumptions used to estimate the fair value of the RSUS with market-based conditions that were granted during the three months ended March 31, 2025:

| RSUs - Market-Based Conditions |     |      |   |
| Expected term - years          |     |  2.9 |   |
| Expected volatility            |     | 89