Company: CXAI
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001829126-25-001566
Chunk: 41

Company: CXApp Inc.
Filing Date: 2025-03-07
Form: 424B3
Chunk 41
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’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 $1.25 to $2.11 per restricted stock unit, for a weighted average fair value of $2.04 per restricted stock unit. There was no other activity related to restricted stock units for the nine months ended September 30, 2024.

The following summarizes our RSUs transaction activity for nine months
ended September 30, 2024:

| Schedule of RSUs transaction activity |     | Shares |          |   |     | Weighted Average      
 Grant Date Fair Value |      |
|:--------------------------------------|:----|:-------|---------:|:--|:----|:----------------------|-----:|
| Outstanding at January 1, 2024        |     |        |  486,165 |   |     | $                     | 7.80 |
| Granted                               |     |        |  520,935 |   |     | $                     | 2.04 |
| Vested                                |     |        | (308,165 | ) |     | $                     | 7.52 |
| Forfeited                             |     |        |        - |   |     |                       |      |
| Outstanding at September 30, 2024     |     |        |  698,935 |   |     |                       |      |

| Outstanding at March 15, 2023    |     | Shares |       - |   |     | Weighted        
 Average         
 Grant Date Fair 
 Value           |      |
|:---------------------------------|:----|:-------|--------:|:--|:----|:----------------|-----:|
| Granted                          |     |        | 526,165 |   |     | $               | 7.80 |
| Forfeited                        |     |        | (40,000 | ) |     | $               | 7.13 |
| Outstanding at December 31, 2023 |     |        | 486,165 |   |     |                 |      |

The total fair value of RSUs vested during the three months ended September 30, 2024 was $2,318 thousand.

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CXAPP INC. AND SUBSIDIARIES
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS