Company: VEEAW
Filing Date: 2025-08-14
Form Type: 424B4
Source: 0001213900-25-076086
Chunk: 119

Company: VEEA INC.
Filing Date: 2025-08-14
Form: 424B4
Chunk 119
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 15, 2025, Randal V. Stephenson was appointed as the Company’s
Acting Chief Financial Officer.

Mr. Stephenson joined the
Company on May 1, 2025 and was initially appointed the Company’s Senior Vice President, Finance and Chief Strategy Officer of the
Company. Pursuant to the offer letter, Mr. Stephenson is entitled to an annual base salary of $84,000 (“Base Salary”)
and was eligible for increase dependent upon certain Company performance metrics based on the Company’s cash position as of July
1, 2025 in an amount up to $425,000 per annum. If no increase was made as of July 1, 2025, Mr. Stephenson’s starting base salary
is subject to adjustment following review and agreement but not below his starting annual base salary. Mr. Stephenson is also eligible
to receive an annual performance bonus, at the discretion of the CEO and the Compensation Committee of the Board, in an amount up to 100%
(one hundred percent) of his annual base salary (pro-rated for calendar year 2025). In addition, Mr. Stephenson received non-qualified
stock options to purchase 88,000 shares of common stock, with 19,000 shares vesting on each of May, 31 2025 and June 30, 2025, 12,500
shares vesting on May 1, 2026 and the remaining stock options vesting in equal amounts quarterly until the award is fully vested. Mr.
Stephenson may also be awarded additional non-qualified options dependent upon certain performance metrics based on the Company’s
cash position as of July 1, 2025.

Appointment of Acting Chief Revenue Officer

On July 15, 2025, Mr.
Helder Antunes a current member of the Company’s Board of Directors was appointed acting Chief Revenue Officer. Mr. Helder is not
entitled to any additional compensation for acting in such capacity. Mr. Antunes has served on the Company’s Board of Directors
since September 2024. Most recently, Mr. Antunes served as Chief Executive Officer of Crowdkeep, Inc.

Related Party Notes

Through August 2025, NLabs has made loans to the Company in the aggregate
principal amount of $3,176,000 (the “2025 Related Party Notes”). Interest on the loans accrue at a rate of 10%
per annum, calculated on the basis of a 365-day year