Company: AIRJW
Filing Date: 2025-05-27
Form Type: POS AM
Source: 0001213900-25-047828
Chunk: 168

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-27
Form: POS AM
Chunk 168
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 Montana option holder exercised its options to purchase a total of 8,000shares of Class A common stock, as converted, for a total purchase price of $ 3,920. In September 2024, three Legacy Montana option holders exercised their options to purchase a total of 67,495shares of Class A common stock, as converted, for a total purchase price of $ 33,073. In the three months ended December 31, 2024, three Legacy Montana option holders exercised their options to purchase a total of 85,496shares of Class A common stock, as converted, for a total purchase price of $ 37,453. F-25

In the three months ended March 31, 2025, four Legacy Montana option holders exercised their options to purchase a total of 147,579shares of Class A common stock, as converted, for a total purchase price of $ 41,759.

As of March 31, 2025, of the 1,026,508Legacy Montana options that are outstanding, 575,955options expire on December 7, 2030, 71,395options expire on March 15, 2031, 169,158options expire on April 4, 2030, and 210,000options expire on April 8, 2031.

2024 Incentive Award Plan

On March 8, 2024, the holders of XPDB common stock considered and approved the Montana Technologies Corporation’s 2024 Incentive Award Plan (the “Incentive Plan”), which became effective immediately upon the Closing on March 14, 2024. Under the Incentive Plan, the Company may grant equity and equity-based awards to certain employees, consultants and non-employee directors award, such as, (a) Incentive Stock Options (granted to employees only), (b) Non-Qualified Stock Options (“NSOs”), (c) Stock Appreciation Rights, (d) Restricted Stock Units, (e) Restricted Stock, (f) dividend equivalents and (g) other stock and cash-based awards of the Company (“Incentive Awards”). The sum of any cash compensation, or other compensation, and the value (determined as of the grant date in accordance with ASC 718, or any successor thereto) of awards granted to a non-employee director as compensation for services as a non-employee director during any fiscal year of the Company may not exceed $ 500,