Company: VEEAW
Filing Date: 2025-11-10
Form Type: PRE 14A
Source: 0001213900-25-107934
Chunk: 22

Company: VEEA INC.
Filing Date: 2025-11-10
Form: PRE 14A
Chunk 22
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 to the 2024 Plan, which includes these amendments only is attached as Annex B to this Proxy Statement. Explanation of Amendments Section 4(a) of the 2024 Plan currently provides as follows: “(a) Subject to the provisions of Section 14, the maximum aggregate number of Shares that may be issued under the Plan shall be the sum of (A) ten percent (10%) of the issued and outstanding Shares as of the Closing, plus (B) the number of Shares issuable pursuant to the Converted Stock Options, plus (C) an increase commencing on January 1, 2025 and continuing annually on each anniversary thereof through and including January 1, 2034, equal to the lesser of (i) three percent (3%) of the Shares issued and outstanding on the last day of the immediately preceding calendar year and (ii) such smaller number of Shares as determined by the Board or the Committee (the “ Plan Share Limit”). The Shares subject to the Plan may be authorized but unissued or reacquired shares.” The Board of Directors has authorized and approved an increase in the number of shares of common stock reserved for issuance with respect to awards granted under the 2024 Plan from 5,546,521 shares of common stock to 9,546,421 shares of common stock. In the event that Proposal No. 3 is approved by our stockholders at the Annual Meeting, Section 4(a) of the 2024 Plan will, thereafter, read in its entirety as follows: “(a) Subject to adjustment under Section 14, the maximum aggregate number of Shares that may be issued under the Plan shall be (A) 9,546,421 Shares of common stock of the company, plus (B) an increase commencing on January 1, 2026 and continuing annually on each anniversary thereof through and including January 1, 2035, equal to the lesser of (i) three percent (3%) of the Shares issued and outstanding on the last day of the immediately preceding calendar year and (ii) such smaller number of Shares as determined by the Board or the Committee (the “ Plan Share Limit”). The Shares subject to the Plan may be authorized but unissued or reacquired shares.” Vote Required The affirmative vote of the majority of shares of common stock present in person or represented by proxy at the Annual Meeting and entitled to vote is required to approve the 2024 Plan Amendments Proposal. Abstentions will have no effect on the outcome of the vote