Company: VEEAW
Filing Date: 2025-12-04
Form Type: DEF 14A
Source: 0001213900-25-118382
Chunk: 19

Company: VEEA INC.
Filing Date: 2025-12-04
Form: DEF 14A
Chunk 19
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 the 2024 Plan will be adjusted accordingly. We believe strongly that the increase in shares of common stock reserved for issuance with respect to awards granted under the 2024 Plan and the increase in the maximum number of shares of common stock which may be issued pursuant to Incentive Awards under the 2024 Plan is essential to our continued success and therefore is in the best interests of the Company and our stockholders. Our employees are our most valuable assets. The Board believes that grants of stock options, restricted stock units, performance-based restricted stock units and other equity awards under the 2024 Plan help create long-term equity participation in the Company and thereby assist us in attracting, retaining, motivating and rewarding employees, directors, and consultants. The Board also believes that long-term equity compensation is essential to link executive pay to long-term stockholder value creation. New Plan Benefits As of November 3, 2025, the Record Date, there were approximately 464,776 shares of common stock remaining available for the grant of awards under the 2024 Plan. On September 29, 2025, our compensation committee of the Board of Directors (the “ Compensation Committee”) approved Incentive Awards to Michael Salmasi, Helder Antunes, Mark Tubinis and other employees and consultants in the form of options to purchase 2,375,000shares of the Company’s common stock (the “ September 2025 Grants”), subject to (i) with respect to September 2025 Grants to the NEOs and officers with respect to the Company’s performance and time vesting schedules (ii) with respect to September 2025 Grant to non-NEO officers, employees and consultants, time vesting schedules. In addition, no portion of the September 2025 Grants may be exercised unless both (A) the Company’s stockholders approve the September 2025 Grants or approval of an amendment to Section 4(a) of the 2024 Plan to that has the effect of increasing the Plan’s share reserve to provide a sufficient number of shares such that the full number of shares underlying the September 2025 Grants may be delivered from the Plan’s share reserve, and (B) the Corporation files a Form S-8 with the Commission to register the shares subject to the September 2025 Grants, and if either (A) or (B) is not satisfied, the September 2025 Grants may be fully unwound and cancelled. Without these increases, we will be limited, in the future, as to the number