Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 663

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 663
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 similar to the material terms of the 2018 Plan. However, this description is not complete. For more information, we refer
you to the full text of the 2011 Plan.

The
2011 Plan was intended to encourage ownership of Common Stock by our employees and directors and certain of our consultants in order
to attract and retain such people, to induce them to work for the benefit of us and to provide additional incentive for them to promote
our success. The 2011 Plan (but not awards granted under the 2011 Plan) terminated in accordance with its terms on August 31, 2021
and no new awards will be issued under the 2011 Plan.

2017
Employee and Consultant Stock Ownership Plan

During
2017, Legacy XTI adopted the 2017 Employee and Consultant Stock Ownership Plan (as amended, “2017 Plan”), which was amended
in 2021 to increase the maximum shares eligible to be granted under the 2017 Plan. The Company assumed the 2017 Plan in connection with
the XTI Merger. The Company may issue awards in the form of restricted stock units and stock options to employees, directors, and consultants.
Under the 2017 Plan, stock options are generally granted with an exercise price equal to the estimated fair value of the Company’s
common stock, as determined by the Board on the date of grant. Options generally have contractual terms of ten years. Incentive
stock options may only be granted to employees, whereas all other stock awards may be granted to employees, directors and consultants.

69

Securities
Authorized for Issuance under Equity Compensation Plans

The
following table provides information as of December 31, 2024 regarding the shares of our common stock to be issued upon exercise of outstanding
options or available for issuance under equity compensation plans and other compensation arrangements that were (i) adopted by our security
holders and (ii) were not approved by our security holders.

    Plan Category 
    Number of securities to be issued upon exercise of  outstanding options (a)  
    Weighted- average exercise price of outstanding options (b)  
    Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column a) (c) 
  
    Equity compensation plans approved by security holders 
     51,185(1) 
    $455.00  
     38,359(2)
  
    Equity compensation plans not approved