XTI Aerospace Inc. has announced the approval of its Amended and Restated 2018 Employee Stock Incentive Plan as of August 18, 2025. This updated plan consolidates previous amendments and introduces new provisions, allowing company officers to designate recipients of stock awards and determine the number of shares granted. The Board has also adopted new award agreements for incentive stock options, non-qualified stock options, restricted stock, and restricted stock units, all aligned with the revised plan. Additionally, the Board has allocated an equity pool of 10 million shares to the Chief Financial Officer, who is authorized to distribute stock options and restricted stock units to select employees and business partners.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XTI Aerospace Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-079139), on August 21, 2025, and is solely responsible for the information contained therein.