Joy Mbanugo - Aug 26, 2024 Form 4 Insider Report for CXApp Inc. (CXAI)

Role
Chief Financial Officer
Signature
/s/ Khurram P. Sheikh, as attorney-in-fact
Stock symbol
CXAI
Transactions as of
Aug 26, 2024
Transactions value $
$0
Form type
4
Date filed
8/28/2024, 05:18 PM

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 +230K 230K Aug 26, 2024 Class A Common Stock 230K $2.40 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 26, 2024, the reporting person received Stock Options under the Issuer's 2023 Equity Incentive Plan, convertible into 230,000 shares of Class A Common Stock at an exercise price of $2.40 upon vesting. The shares will vest with one-third becoming vested on August 26, 2025, and the remaining two thirds vesting in equal monthly installments over the next 24 months