Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 647

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 1
Chunk 647
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 governance
and management processes. Our Board of Directors encourages management to promote a culture that incorporates risk management into our
corporate strategy and day-to-day business operations. Management discusses strategic and operational risks at regular management meetings
and conducts specific strategic planning and review sessions during the year that include a focused discussion and analysis of the risks
facing us. Throughout the year, senior management reviews these risks with the Board of Directors at regular board meetings as part of
management 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