other material
confidence high
sentiment neutral
materiality 0.55
XTI Aerospace extends option exercise period for CEO Pomeroy (2.6M options) and division head Das to full term
XTI Aerospace, Inc.
- Board extended post-termination exercise period from 3 months to option expiration date for CEO Scott Pomeroy and RTLS CEO Soumya Das.
- Pomeroy holds 2,621,100 non-qualified options at $2.00 strike (Sept 2025 grant, expire 2035) plus 11,251 options at $118.25.
- Das holds 78,000 non-qualified options at $2.00 strike (Sept 2025 grant, expire 2035) plus 3,901 options at $118.25.
- Same extension applies to independent directors' options; subject to written agreement and not for death/disability/cause.
- Vesting for Sept 2025 grants: one-third immediate; remainder over 2 years quarterly.