Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 806

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9B
Chunk 806
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)
     -  
     4,200  
    $7.10  
    12/17/2034

    (1)
    The stock option vests as to 1/3 of the underlying shares on each of the first three anniversaries of the vesting commencement date
  
    (2)
    The stock options vests 100% of the underlying shares on the first anniversary of the vesting commencement date

Compensation
Program for the Board of Directors

We
adopted a compensation program for our board of directors, which became effective upon completion of the Business Combination, and was
amended on November 15, 2024. Under the compensation program, the non-employee directors will receive the following annual cash
retainers for their service on the board of directors and its committees:

    ●
    $35,000
    for each non-employee director;

    ●
    $30,000
    for the Chairperson of the board of directors;

    ●
    $15,000
    for the chair of the Audit Committee and $7,500 for each of the other members of that committee;

    ●
    $10,000
    for the chair of the Compensation Committee and $5,000 for each of the other members of that committee; and

    ●
    $8,000
    for the chair of the Nominating and Corporate Governance Committee and $4,000 for each of the other members of that committee.

In addition, each non-employee director who is
initially elected or appointed to the board of directors will automatically be granted on the day of such first election or appointment
a stock option to purchase 4,200 shares of our Common Stock (the “Initial Award”). Each Initial Award will vest and become
exercisable in substantially equal installments on each of the first three anniversaries of the date of grant, subject to the non-employee
director continuing in service on the board of directors through each such vesting date.

A non-employee director who is serving on the
board of directors as of the date of any annual meeting after the effective date of the new program, and who will continue to serve as
a non-employee director immediately following such meeting, will automatically be granted on the date of such annual meeting a stock option
to purchase 4,200 shares of our Common Stock, which amount is pro-rated for new directors to reflect their service since the last annual
meeting