VEEA CEO Michael Salmasi Granted 75,000 Options at $0.66
Michael Salmasi, who serves as Chief Executive Officer and a Director of VEEA INC.
Rhea-AI Filing Summary
Michael Salmasi, who serves as Chief Executive Officer and a Director of VEEA INC. (VEEA), reported receipt of an award of 75,000 stock options under the company’s 2024 Incentive Equity Plan on 09/29/2025. The options have an exercise price of $0.66 per share and an expiration date of 09/29/2035. Vesting is conditional: 18,750 options (25%) vest when the issuer recognizes $3 million in gross revenue or upon shareholder/administrative approvals; the remaining 56,250 options (75%) vest quarterly in equal installments over three years following the initial vesting date.
Positive
- 75,000 options granted to management aligns incentives with shareholder value
- Vesting ties 18,750 options to the company reaching $3 million in gross revenue
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 75,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents options to purchase 75,000 shares of common stock of the issuer awarded to Mr. Salmasi under the issuer's 2024 Incentive Equity Plan (the "Plan") on September 29, 2025. The options will vest as follows: upon the occurrence of either (i) the issuer's stockholders' approval for the grant of the shares, or (ii) a sufficient number of shares becoming available under the Plan and a Form S-8 under which the shares under the Plan are registered has been filed with the Securities and Exchange Commission, options to purchase 18,750 shares (25%) will vest upon the issuer recognizing $3 million in gross revenue, and the options to purchase the remaining 56,250 shares (75%) will vest quarterly in equal installments over a three-year period following the initial vesting date.
FAQ
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What did VEEA insider Michael Salmasi report on Form 4?
What are the vesting conditions for the 75,000 options?
When do the options expire?
What is Michael Salmasi’s role at VEEA?
Was the Form 4 filed jointly or by one reporting person?
AI-generated analysis. How Rhea-AI works. Not financial advice.