Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 2513

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 9C
Chunk 2513
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000  
    $266,140  
    $821,140 
  
    Chief Executive Officer and Chairman of the Board 
     2024  
    $650,000  
    $1,083,000  
    $1,733,000 
  
    Amir Avniel 
     2025  
    $412,664  
    $110,120  
    $522,784 
  
    Former Chief Business Officer/ CEO NeuroNos 
     2024  
    $495,997  
    $456,000  
    $951,997 
  
    Michael Gaul 
     2025  
    $372,669  
    $92,203  
    $464,872 
  
    Chief Operating Officer 
     2024  
    $400,000  
    $399,000  
    $799,000 
  
    Douglas Larson 
     2025  
    $324,423  
    $80,853  
    $405,276 
  
    Chief Financial Officer 
     2024  
    $350,000  
    $342,000  
    $692,000 

    (A)
    This column represents the grant date fair value of awards from Beyond Air, Beyond Cancer and NeuroNos in accordance with stock-based compensation rules under Accounting Standards Codification (“ASC”) Topic 718.

    (B)
    The respective agreements include a change of control provision that would automatically vest any unvested restricted stock units or unvested stock options if triggered. 

Employment Agreements with Named Executive Officers

Our employment agreements with
our named executive officers contain provisions standard for a company in our industry regarding non-competition, confidentiality of information
and assignment of inventions.

91

Employment
Agreement with Steven Lisi

On
June 30, 2018, we entered into an employment agreement with Mr. Lisi to serve as our Chief Executive Officer with an annual base salary
of $450,000, subject to review of the compensation committee at least annually. On April 1, 2022, Mr. Lisi’s annual salary was
increased to $650,000. In addition to his base salary, Mr. Lisi is eligible to receive a short-term incentive bonus equal to a percentage
of his base salary in effect at the end of the fiscal year, based partially on performance weighted bonus objectives established for
Mr