XTI Aerospace appoints Michael A. Tapp COO; base salary $600K, 1.6M options

XTI Aerospace, Inc.

Michael A. Tapp appointed COO effective Sept 1, 2025; employment agreement includes $600K base salary and performance bonuses up to 100% of base.
Initial stock option grant of 1,613,000 shares at $2.00 exercise price; one-third vested immediately, rest quarterly over 2 years.
Options also awarded to CEO Scott Pomeroy (2,621,100), CFO Brooke Turk (1,512,200), CSO Tobin Arthur (1,512,200), and RTLS CEO Soumya Das (78,000).
Side letter requires company to relocate headquarters to Dallas-Fort Worth Executive Office Area by March 31, 2026, or face breach of contract.
Discloses $475,000 in consulting fees paid to Tapp's entity Ancora Management Services and 50,000 prior stock options for consulting services.

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