Form 4: CXApp Inc. Director Camillo Martino Reports Acquisition of Restricted Stock Units

Director Camillo Martino reports the acquisition of 94,787 Restricted Stock Units (RSUs) of CXApp Inc. as part of his annual compensation package.

Summary

• On August 29, 2024, Camillo Martino, a director of CXApp Inc., reported acquiring 94,787 Restricted Stock Units (RSUs).
• These RSUs were granted as part of his annual compensation for serving as a director.
• Each RSU represents a contingent right to receive one share of Class A common stock of CXApp Inc.
• The RSUs will vest in full on the first anniversary of the grant date, contingent upon Martino's continued service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a standard compensation practice, indicating confidence in the director's continued service and contribution to the company.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing continued service and contribution to the company's success.

Risks

• The vesting of the RSUs is contingent upon the director's continued service, which introduces a risk of forfeiture if the director ceases to serve before the vesting date.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure related to director compensation, which is a common practice in publicly traded companies to attract and retain qualified board members. The use of RSUs is a typical method to align director interests with shareholder value.

Comparison to Industry Standards

• Granting RSUs to directors is a common practice among publicly traded companies, including those in the technology sector like CXApp Inc.
• Companies such as Salesforce, Microsoft, and Oracle also utilize equity-based compensation for their board members to align their interests with long-term shareholder value.
• The vesting schedule of one year is fairly standard, similar to what is observed in other tech companies.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns the director's interests with the company's long-term success.
• The grant of RSUs does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates