Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 504

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 504
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AI’s employees during the applicable period. Narrative Disclosure to Summary Compensation Table for Fiscal 2024 Base Salaries PlusAI’s named executive officers receive a base salary to compensate them for the services they provide to PlusAI. For 2024, Mr. Liu’s base salary was $420,000, Mr. Zheng’s base salary was $367,500 and Mr. Kerrigan’s base salary was $350,000. The actual base salaries paid to each named executive officer are set forth in the “Salary” column of PlusAI’s Summary Compensation Table for Fiscal 2024 above. 2024 Annual Cash Bonuses Each of PlusAI’s named executive officers was eligible to receive, at the discretion of the PlusAI Board, an annual cash bonus for 2024, subject to his continued employment through the date of payment (if any). For 2024, the target bonus opportunity for each of the PlusAI named executive officers was 50% of his base salary. The actual annual cash bonuses awarded to the named executive officers for 2024 performance are set forth in the “Bonus” column of PlusAI’s Summary Compensation Table for Fiscal 2024 above. Outstanding Equity Awards at Fiscal 2024 Year-End The following table sets forth information regarding outstanding equity awards held by PlusAI’s named executive officers as of December 31, 2024.

|                |     |            |     | RSU Awards |    |           |           |
| Name           |     | Grant Date |     |  Number of 
  RSUs that 
   have not 
     Vested 
        (#) |    | Market    
 Value of  
 RSUs that 
 have not  
 Vested    
 ($)       |           |
| David Liu      |     |            |     |            |    |           |           |
| Hao Zheng      |     |            |     |            |    |           |           |
| Shawn Kerrigan |     | 8/9/2023   |     |  5,000,000 | -1 |           | 1,000,000 |

(1) The RSUs were granted under PlusAI’s 2021 Plan and are subject to both service-based and liquidity-based vesting conditions. The service-based condition for the RSUs is satisfied in 60 monthly installments beginning on August 1, 2023. The liquidity-based condition for the RSUs will be satisfied upon the occurrence of certain liquidity events of PlusAI during a specified period, which the consummation