Form 4: CXApp Inc. Director Shanti Priya Receives Stock Options as Part of Compensation Package

Director Shanti Priya received 94,787 Restricted Stock Units (RSUs) as part of her annual compensation for serving on the board of CXApp Inc.

Summary

• On August 29, 2024, Shanti Priya, a director of CXApp Inc., was granted 94,787 Restricted Stock Units (RSUs).
• These RSUs are part of her annual compensation package 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 her continued service as a director through that date.
• Following the transaction, Shanti Priya beneficially owns 94,787 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive signal.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule incentivizes continued service on the board.

Risks

• The value of the RSUs is dependent on the future stock price of CXApp Inc.
• If Shanti Priya ceases to be a director before the vesting date, the RSUs will be forfeited.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance, only the vesting schedule of the RSUs.

Industry Context

Granting stock options and RSUs to directors is a common practice to align their interests with those of the shareholders and incentivize long-term value creation. This is standard practice across the technology industry.

Comparison to Industry Standards

• Director compensation packages vary widely across the technology industry, but RSUs are a common component.
• Companies like Google, Meta, and Microsoft also use RSUs as part of their director compensation packages.
• The number of RSUs granted depends on factors such as company size, performance, and the director's role and responsibilities.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns the director's interests with the company's long-term success.
• The director is incentivized to contribute to the company's growth and profitability.

Key Dates