Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 228

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 228
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) 
     * 
  
    Nadir Ali - former chief executive officer 
     —  
     — 
  
    Wendy Loundermon - former chief financial officer 
     6,792  
     * 
  
    More than 5% shareholders 

    None 
     —  
     — 

    *
    Represents
    beneficial ownership of less than 1%.

    (1)
    Based on 5,537,540 shares outstanding as of April 11, 2025.

    (2)
    Includes (i) 1,429 shares of common stock held of record by Mr. Pomeroy
and (ii) 3 shares of common stock issuable upon exercise of options exercisable within 60 days of April 11, 2025.

    (3)
    Includes
    (i) 5,356 shares of common stock held indirectly through the Jason S. Brody 2019 Trust, of which David Brody is the trustee and (ii)
    1,067 shares of common stock held directly by Mr. Brody. Does not include (i) 3,206 shares of common stock held indirectly through
    the David E. Brody 2019 Spousal Trust, of which Susan R. Brody, Mr. Brody’s spouse, is the trustee and (ii) 366 shares held
    by Susan R. Brody, as to which Mr. Brody disclaims beneficial ownership.

    (4)
    Our
    current directors and executive officers are: Scott Pomeroy (Chief Executive Officer, Chairman and Director), Brooke Turk (Chief
    Financial Officer), Tobin Arthur (Chief Strategy Officer), Soumya Das (Chief Executive Officer, Real Time Location System Division,
    and Director), Tensie Axton (Director), David Brody (Director and Secretary) and Kareem Irfan (Director). Includes (i) 7,852
    shares of common stock held directly, or by spouse or relative, and (ii) 3 shares of common stock issuable upon exercise of
    options exercisable within 60 days of April 11, 2025.

73

ITEM
13: CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

Review,
Approval or Ratification of Transactions with Related Persons.

The
Board reviews issues involving potential conflicts of interest, and reviews and approves all related