Company: AIRJW
Filing Date: 2025-03-27
Form Type: S-1
Source: 0001013762-25-002897
Chunk: 201

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-27
Form: S-1
Chunk 201
---
2024 was $ million.

F-28

AIRJOULE TECHNOLOGIES CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 11 — SHARE-BASED COMPENSATION (cont.)

The following tables provide additional detail about the options granted during the year ended December 31, 2024:

| Employees            |     |            |      |     |          |
| Grant Date           |     |        NSO 
 Options(1) 
        (#) |      |     | Exercise 
    Price 
      ($) |
| June 6, 2024         |     |    651,737 | ​(3) |     |    10.23 |
| September 9, 2024(2) |     |    177,747 |      |     |    10.23 |

____________

(1)

(2)

(3)

| Non-employee Directors |     |            |     |          |
| Grant Date             |     |        NSO 
 Options(1) 
        (#) |     | Exercise 
    Price 
      ($) |
| June 6, 2024           |     |     99,540 |     |    10.23 |

____________

(1)

| Non-employee Equity Method Investees |     |            |     |          |
| Grant Date                           |     |        NSO 
 Options(1) 
        (#) |     | Exercise 
    Price 
      ($) |
| June 6, 2024                         |     |     65,832 |     |    10.23 |
| September 9, 2024(2)                 |     |    376,560 |     |    10.23 |

____________

(1)

(2)

The fair value of the NSOs were determined using the Black-Scholes option-pricing model and were based on the following weighted average assumptions:

| Incentive Plan          |     | Grant Date 
    June 6, 
       2024 |   |     | September 9, 
         2024 |   |
|:------------------------|:----|-----------:|:--|:----|-------------:|:--|
| Expected term – years   |     |        6.1 |   |     |         10.0 |   |
| Expected volatility     |     |       29.5 | % |     |         28.5 | % |