Company: XTIA
Filing Date: 2025-10-10
Form Type: DEF 14A
Source: 0001213900-25-098157
Chunk: 24

Company: XTI Aerospace, Inc.
Filing Date: 2025-10-10
Form: DEF 14A
Chunk 24
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 $          |  13,375 |     | —      |     |        |      — |     | —            |     | —            |     | —            |     | $     |  13,375 |
| Tanveer Khader(3)                |     | $          |   9,354 |     | —      |     |        |      — |     | —            |     | —            |     | —            |     | $     |   9,354 |

____________ (1)The fair value of the director option grants are estimated on the date of grant using the Black -Scholesoption pricing model with key weighted average assumptions, expected stock volatility and risk free interest rates based on US Treasury rates from the applicable periods. (2)Leonard Oppenheim resigned from the Board, effective as of March 31, 2024. (3)Tanveer Khader resigned from the Board, effective as of the effective time of the XTI Merger on March 12, 2024.

15 Directors are entitled to reimbursement of ordinary and reasonable expenses incurred in exercising their responsibilities and duties as a director. Effective July 1, 2015, the Board approved the following compensation plan for the independent directors payable in accordance with each independent director’s services agreement: $30,000 per year for their services rendered on the Board, $15,000 per year for service as the Audit Committee chair, $10,000 per year for service as the Compensation Committee chair, $6,000 per year for service on the Audit Committee, $4,000 per year for service on the Compensation Committee, $2,500 per year for service on the Governance Committee, a one -timenon -qualifiedstock option grant to purchase 20,000shares of Common Stock (not adjusted for any subsequent reverse stock splits) under the 2011 Plan and restricted stock awards of 20,000shares of Common Stock (not adjusted for any subsequent reverse stock splits) under the 2011 Plan, which are granted in four equal installments on a quarterly basis and are each 100% vested upon grant. On January 25, 2019, each independent director entered into an amendment to his respective director services agreement pursuant to which the Company agreed to grant each independent director, so long as such director continues to fulfill her or his duties and provide services pursuant to their services agreement, an annual non -qualifiedstock option to purchase up to 20,000shares of