SCHEDULE: Ursula M. Burns Reports 4.0% Stake in VEEA INC.

Ursula M. Burns has reported a 4.0% beneficial ownership stake in VEEA INC., comprising common stock, earnout shares, and warrants.

Summary

• Ursula M. Burns beneficially owns 2,054,745 shares of VEEA INC. Common Stock, representing 4.0% of the class.
• The ownership includes 960,061 shares of outstanding Common Stock.
• Additionally, 121,326 shares are classified as 'Earnout Shares', subject to vesting conditions based on the stock price reaching $12.50 or $15.00 per share.
• The vesting period for Earnout Shares extends until September 13, 2034, or earlier upon a change in control of VEEA INC.
• The stake also includes Warrants to purchase 973,358 shares of Common Stock at an exercise price of $11.50 per share.
• These Warrants are set to expire on September 13, 2029, or earlier upon redemption or liquidation.
• The percentage ownership calculation is based on 50,182,879 outstanding shares of Common Stock, as reported in VEEA Inc.'s Quarterly Report on Form 10-Q filed on August 19, 2025.
• The filing states that the securities were not acquired and are not held for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or prospects, beyond the implicit confidence of the investor.

Positives

• A notable individual, Ursula M. Burns, holds a significant beneficial ownership stake, which could be viewed as a vote of confidence in VEEA INC.'s long-term prospects.
• The inclusion of earnout shares and warrants suggests a potential alignment of interests with future stock price appreciation.

Risks

• The vesting of Earnout Shares is contingent on specific stock price targets ($12.50 and $15.00), which may not be achieved by the September 13, 2034 deadline.
• Warrants to purchase 973,358 shares at $11.50 per share will expire on September 13, 2029, or earlier, posing a risk if the stock price does not exceed the exercise price before expiration.

Future Outlook

The future outlook for a portion of the reported stake is tied to VEEA INC.'s stock performance, with earnout shares vesting if the stock price reaches $12.50 or $15.00 by September 13, 2034, and warrants exercisable at $11.50 expiring by September 13, 2029. These conditions imply a positive expectation for future stock appreciation from the reporting person.

Industry Context

This filing is a standard disclosure of beneficial ownership and does not provide specific industry context or trends. It indicates an individual's investment in the company, which is a common occurrence across various industries.

Stakeholder Impact

• Shareholders gain transparency regarding a significant individual investor's stake in the company, which can influence market perception.
• The presence of earnout shares and warrants aligns the interests of this significant investor with long-term shareholder value creation.

Next Steps

• Monitoring VEEA INC.'s stock price performance relative to the $12.50 and $15.00 targets for Earnout Shares vesting.
• Observing the expiration date of Warrants on September 13, 2029, and potential exercise decisions.

Key Dates

Keywords

VEEA INC., Ursula M. Burns, Schedule 13G, Beneficial Ownership, Common Stock, Warrants, Earnout Shares, SEC Filing, Equity Stake