Khurram P. Sheikh - 06 Feb 2024 Form 4 Insider Report for CXApp Inc. (CXAI)

Signature
/s/ Khurram P. Sheikh
Issuer symbol
CXAI
Transactions as of
06 Feb 2024
Net transactions value
$0
Form type
4
Filing time
08 Feb 2024, 17:00:20 UTC
Previous filing
11 Sep 2023
Next filing
30 Aug 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CXAI Stock Options Award +300,000 +36% 1,144,200 06 Feb 2024 Class A Common Stock 844,200 $1.20 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 6, 2024, the reporting person was granted Stock Options under the Issuer's 2023 Equity Incentive Plan, convertible into 300,000 shares of Class A Common Stock at an exercise price of $1.20. The options are subject to a four-year vesting schedule, which includes both time-based and performance-based criteria for vesting.