Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 1603

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 5
Chunk 1603
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 presentations that focus on particular business functions, operations or strategies and presents the steps taken by management
to mitigate or eliminate such risks.

Code of Business Conduct and Ethics

We have adopted a Code of Business
Conduct and Ethics that applies to all our directors, officers (including our Chief Executive Officer, Chief Financial Officer and any
person performing similar functions) and employees. We have made our Code of Business Conduct and Ethics available on our website at www.beyondair.net
under “Investors—Governance—Governance Documents”. We expect that any future amendments to our Code of
Business Conduct and Ethics or any waivers of its requirements will be disclosed on our website.

Insider Trading Policy

AAs of the date of this report,
the Company has not adopted an Insider Trading Policy. The absence of such a policy is not reflective of disregard for the principles
of fair and ethical trading practices. The Company is keenly aware of the importance of establishing clear guidelines to prevent insider
trading and to uphold the Company’s reputation for integrity and ethical conduct.

We anticipate that the Insider Trading Policy will be adopted in the near
future. Upon adoption, the policy will apply to all transactions in the Company’s securities, including but not limited to common
stock, options to purchase common stock, and any other securities the Company may issue. It will cover all directors, officers, employees
of the Company, and any family members or entities whose transactions in Company securities are directed by or under the influence or
control of those persons. The Company is committed to rigorously enforcing this policy to prevent insider trading and protect all stakeholders’
interests.

Policies and practices for granting certain equity awards.

The Company’s policies and
practices regarding the granting of equity awards are carefully designed to ensure compliance with applicable securities laws and to maintain
the integrity of our executive compensation program. The compensation committee of the Board of Directors is responsible for the timing
and terms of equity awards to executives and other eligible employees.

The timing of equity award grants
is determined with consideration to a variety of factors, including but not limited to, the achievement of pre-established performance
targets, market conditions, and internal milestones. The Company does not follow a predetermined schedule for the granting of equity awards;
instead, each grant is considered on a case-by-case basis to align with the Company’s strategic objectives and to ensure the competitiveness
of our compensation packages.

In determining the timing and
terms of an equity award, the Board of Directors or compensation committee may consider material nonpublic