Sheikh Khurram P 4

What Happened

• Sheikh Khurram P, CEO of CXApp Inc. (CXAI), was granted a total of 900,000 derivative awards on April 13, 2026: 675,000 stock options and 225,000 performance‑based stock options. The filing reports an acquisition price/exercise price of $0.00 and total reported value of $0 for these grants (they are awards, not open‑market purchases or sales).

Key Details

• Transaction date: April 13, 2026; Form 4 filed April 14, 2026 (appears timely).
• Grants reported as Code A (award/grant); transaction type = derivative.
• 675,000 options: time‑based vesting — 1/3 vests on the first anniversary, then 1/24th of the remainder vests monthly over the next 24 months. (Footnote F1)
• 225,000 options: performance‑based vesting tied to the company’s stock price performance. (Footnote F2)
• Shares owned after the transaction: not specified in the information provided in the filing.
• No indication these options were exercised, sold, or subject to tax withholding at grant.

Context

• These are compensation grants (non‑cash awards) to the CEO that vest over time or upon performance goals; they do not represent an immediate purchase or sale of underlying shares. Such grants are common for executive compensation and do not by themselves indicate a buy/sell signal.