Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 1290

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 10
Chunk 1290
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 and the fair value of the awards granted was determined to be $1.49 per option on the grant date. The fair value of the common stock as of the grant date utilized in the Black-Scholes option valuation model was $2.40 per share.

See below for a summary of the stock options granted under the Incentive Plan:

    Schedule of stock options activity

    Number ofOptions

    Weighted-averageexerciseprice

    Weightedaverageremainingcontractualterm (years)

        Weighted-Average
        Fair Value atGrant Date

        Aggregate Intrinsic Value
        (In thousands) 

    Options outstanding at January 1, 2024

    984,900

    $
    1.53

    9.25

    $
    0.90

    Granted

    895,000

    $
    1.51

    9.25

    $
    0.96

    Exercised

    (70,350
    )
     
    $
    1.53

    $
    0.90

    $
    108

    Forfeited

    (10,000
    )
     
    $
    1.20

    Options outstanding at December 31, 2024

    1,799,550

    $
    1.52

    8.74

    $
    0.93

    Options exercisable at December 31, 2024

    422,100

    $
    1.53

    F-30

    Number ofOptions

    Weighted-averageexerciseprice

    Weightedaverageremainingcontractualterm (years)

        Weighted-Average
        Fair Value atGrant Date

    Options outstanding at January 1, 2023

    -

    $
    -

    -

    $
    -

    Granted

    1,377,172

    $
    1.53

    Forfeited

    (392,272
    )
     
    $
    1.53

    Options outstanding at December 31, 2023

    984,900

    $
    1.53

    9.25

    $
    0.90

    Options exercisable at December 31, 2023

    -

    $
    -

    -

    -

Non-cash stock-based compensation expenses related to stock option