Form 4: CXApp Inc. Director Khurram P. Sheikh Acquires 94,787 Shares of Class A Common Stock Through RSU Grant

Khurram P. Sheikh, a director and CEO of CXApp Inc., acquired 94,787 shares of Class A common stock on August 29, 2024, through a restricted stock unit (RSU) grant as part of his annual compensation.

Summary

• On August 29, 2024, Khurram P. Sheikh, a director, 10% owner, and the Chief Executive Officer of CXApp Inc., acquired 94,787 shares of Class A common stock.
• This acquisition was through a grant of 94,787 Restricted Stock Units (RSUs) 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, provided that Sheikh continues to serve as a director through that date.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to positive.

Positives

• The RSU grant 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 Khurram P. Sheikh's continued service as a director, creating a potential risk if he were to leave the company before the vesting date.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting conditions of the RSUs.

Industry Context

This is a standard SEC Form 4 filing, reflecting a change in beneficial ownership due to an equity grant, a common practice in executive compensation within publicly traded companies.

Comparison to Industry Standards

• Equity grants, such as RSUs, are a common component of executive compensation packages in publicly traded companies.
• The vesting schedule of one year is relatively standard for RSU grants.
• Companies like Microsoft, Apple, and Google also use RSUs as part of their compensation packages for directors and executives.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of the shareholders, potentially leading to increased shareholder value.

Key Dates