Company: CXAI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001829126-25-006141
Chunk: 34

Company: CXApp Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 54.62%

    61.17% – 65.97%

    Dividends assumption

    $-

    $-

Restricted Stock Units

In January 2024, a total of 47,000 restricted stock units of the Company’s common stock were granted to employees of the Company under the Incentive Plan at various dates.

On August 29, 2024, a total of 473,935 restricted stock units of the Company’s common stock were granted to directors of the Company under the 2023 Equity Incentive Plan.

The fair value of the common stock as of the
various grant dates was determined to be $1.00
to $6.13
per restricted stock unit, for a weighted average fair value of $7.90 per restricted stock unit. There was no other activity related
to restricted stock units for the six months ended June 30, 2025.

The following summarizes our RSUs transaction activity for six months ended June 30, 2025 and year ended December 31, 2024:

    Schedule of RSUs transaction

    Shares

    Weighted Average Grant Date Fair Value

     Outstanding at January 1, 2025

    688,935

    $
    3.70

    Granted

    1,000,000

    $
    1.00

    Vested

    (91,500
    )
     
    $
    9.89

    Forfeited

    -

    - 

    Outstanding at June 30, 2025

    1,597,435

    Shares

        Weighted Average Grant Date Fair Value

    Outstanding at January 1, 2024

    486,165

    $
    7.80

    Granted

    520,935

    $
    2.04

    Vested

    (318,165
    )
     
    $
    7.33

    Forfeited

    -

    -

    Outstanding at December 31, 2024

    688,935

    25

The total fair value of RSUs vested was $890 thousand
and $905 thousand, during the three and six months ended June 30, 2025, respectively. The total fair value of RSUs vested was $889 thousand
for three and six months ended June 30, 2024.

Non-cash stock-based compensation expenses related to