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XAIR:DeductFairValueOfAnyAwardsGrantedInPriorYearsThatFailedToMeetVestingConditionsDuringFiscalYearMember ecd:PeoMember 2023-04-01 2024-03-31 0001641631 XAIR:DeductFairValueOfAnyAwardsGrantedInPriorYearsThatFailedToMeetVestingConditionsDuringFiscalYearMember ecd:NonPeoNeoMember 2023-04-01 2024-03-31 iso4217:USD shares iso4217:USD shares pure false 0001641631 PRE 14A BEYOND AIR, INC. true The Board of Directors adopted a clawback policy effective October 2, 2023 (the “Clawback Policy”) that complies with the final SEC regulations mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and Nasdaq Listing Rule 5608. The Clawback Policy provides for recoupment of incentive compensation in the event of an accounting restatement resulting from noncompliance with financial reporting requirements under federal securities laws. The policy applies to current and former executives and requires reimbursement or forfeiture of any excess incentive compensation received by an executive during the three completed fiscal years immediately preceding the date on which the Company is required to prepare an accounting restatement. The Company does not have a formal policy regarding the timing of stock option grants. The compensation committee generally grants stock options on a predetermined schedule and does not take material nonpublic information into account when determining the timing or terms of such awards. The Company has not timed the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation. Except as set forth below, during the fiscal year ended March 31, 2026, the Company did not grant stock options to any named executive officer during the period beginning four business days before and ending one business day after the filing of a periodic report on Form 10-Q or Form 10-K, or the filing or furnishing of a Current Report on Form 8-K that disclosed material nonpublic information. false The Company has not timed the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation. false <table cellpadding="0" cellspacing="0" id="xdx_88C_eecd--AwardsCloseToMnpiDiscTableTextBlock_z76XS3K7O0mk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Award Timing Disclosure"> <tr style="vertical-align: bottom"> <td colspan="19" style="text-align: justify"></td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify">Name</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify">Grant Date</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify">Number of Securities Underlying the Award</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify">Exercise Price of the Award ($/Sh)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify">Grant Date Fair Value of the Award ($)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify">Percentage Change in the Closing Market Price of the Securities Underlying the Award Between the Trading Day Ending Immediately Prior to the Disclosure of Material Nonpublic Information and the Trading Day Beginning Immediately Following the Disclosure of Material Nonpublic Information</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; width: 22%">Robert S. Goodman</td><td style="width: 2%"> </td> <td style="text-align: justify; width: 16%">August 14, 2025</td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 10%">188</td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%">$</td><td style="text-align: right; width: 9%">39.00</td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%">$</td><td style="text-align: right; width: 10%">39.20</td><td style="text-align: left; width: 3%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 10%"><span id="xdx_90D_eecd--UndrlygSecurityMktPriceChngPct_iI_dp_uPure_c20250814_fKDEp_zBKILmxn64lj" title="Percentage Change in the Closing Market Price of the Securities Underlying the Award Between the Trading Day Ending Immediately Prior to the Disclosure of Material Nonpublic Information and the Trading Day Beginning Immediately Following the Disclosure of Material Nonpublic Information">(27</td><td style="text-align: left; width: 4%">)%(1)</td></tr> </table> Robert S. Goodman 188 39.00 39.20 -0.27 <table cellpadding="0" cellspacing="0" id="xdx_888_eecd--PvpTableTextBlock_z2ju10h2oPff" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Pay vs Performance Disclosure"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center">Year</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" id="xdx_482_eecd--PeoTotalCompAmt_hecd--IndividualAxis__custom--StevenALisiMember_zTL16oBgin2i" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Summary Compensation Table Total for PEO - S. Lisi (1) (4)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" id="xdx_48F_eecd--PeoActuallyPaidCompAmt_hecd--IndividualAxis__custom--StevenALisiMember_zleo0otYkdia" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Compensation Actually Paid to PEO – S. Lisi (1) (5)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Summary Compensation Table Total for PEO - R. Goodman (2) (4)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Compensation Actually Paid to PEO (2) (5)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" id="xdx_488_eecd--NonPeoNeoAvgTotalCompAmt_zGeuQA97LaE6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Average Summary Compensation Table Total for Non-PEO Named Executive Officers (3) (4)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" id="xdx_485_eecd--NonPeoNeoAvgCompActuallyPaidAmt_z4Z4nr5SPS1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Average Compensation Actually Paid to Non-PEO Named Executive Officers (3) (5)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" id="xdx_481_eecd--TotalShareholderRtnAmt_pp2p0_zvLRiZaPQ8Y1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Value of initial fixed $100 investment based on total shareholder return (TSR)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" id="xdx_487_eus-gaap--NetIncomeLoss_pn3n3_zukqZIUB5qXc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net Loss (in thousands)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_418_20250401__20260331_zS44EibyE1Cj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 28%">Fiscal 2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">757,500</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">(1,329,069</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eecd--PeoTotalCompAmt_c20250401__20260331__ecd--IndividualAxis__custom--RobertSGoodmanMember_fKDIpKDQp_z6A72DSI0WB7" style="width: 5%; text-align: right" title="Summary Compensation Table Total for PEO - R. Goodman">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_980_eecd--PeoActuallyPaidCompAmt_c20250401__20260331_fKDIpKDUp_zMVegxH0d4Ql" style="width: 5%; text-align: right" title="Table Compensation Actually Paid to PEO">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">376,865</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">262,644</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">0.51</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">(34,334</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_415_20240401__20250331_zo2facdBjyFc" style="vertical-align: bottom; background-color: White"> <td>Fiscal 2025</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">821,140</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(787,214</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">N/A</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">N/A</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">435,074</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">26,727</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">4.04</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(48,479</td><td style="text-align: left">)</td></tr> <tr id="xdx_418_20230401__20240331_zez0KCNzTxal" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Fiscal 2024</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,733,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(4,130,490</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">N/A</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">N/A</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">875,499</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(1,139,505</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">25.78</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(64,295</td><td style="text-align: left">)</td></tr> </table> 757500 -1329069 376865 262644 0.51

-34334000

821140 -787214 435074 26727 4.04

-48479000

1733000 -4130490 875499 -1139505 25.78

-64295000

Steven A. Lisi <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20250401__20260331__ecd--IndividualAxis__custom--StevenALisiMember_z1Pj7E2JB90g" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20250401__20260331__ecd--IndividualAxis__custom--RobertSGoodmanMember_za18GhjHOIbi" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20250401__20260331__ecd--IndividualAxis__ecd--NonPeoNeoMember_ziw1p5IYnu7d" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20240401__20250331__ecd--IndividualAxis__ecd--PeoMember_zx0r1u6TTRTd" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20240401__20250331__ecd--IndividualAxis__ecd--NonPeoNeoMember_zkwRYna90xXl" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20230401__20240331__ecd--IndividualAxis__ecd--PeoMember_zBkcuf5NUMbc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20230401__20240331__ecd--IndividualAxis__ecd--NonPeoNeoMember_z6umyxfsnfzd" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fiscal 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fiscal 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fiscal 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">PEO - S. Lisi</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">PEO - R. Goodman</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Non-PEO NEOs</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">PEO</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Non-PEO NEOs</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">PEO</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Non-PEO NEOs</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 37%; text-align: left">SCT Total Compensation</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eecd--PeoTotalCompAmt_c20250401__20260331__ecd--IndividualAxis__custom--StevenALisiMember_z8nYPYl5TK08" style="width: 5%; text-align: right">757,500</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_980_eecd--PeoTotalCompAmt_c20250401__20260331__ecd--IndividualAxis__custom--RobertSGoodmanMember_zBC3aErwYRr" style="width: 5%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eecd--NonPeoNeoAvgTotalCompAmt_c20250401__20260331_z0TDTusyY59b" style="width: 5%; text-align: right">376,865</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eecd--PeoTotalCompAmt_c20240401__20250331_zPgnFNi2Xvyd" style="width: 5%; text-align: right">821,140</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eecd--NonPeoNeoAvgTotalCompAmt_c20240401__20250331_zJo0OsDfLAG6" style="width: 5%; text-align: right">435,074</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eecd--PeoTotalCompAmt_c20230401__20240331_zPDSgZs0QOqd" style="width: 5%; text-align: right">1,733,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_980_eecd--NonPeoNeoAvgTotalCompAmt_c20230401__20240331_zPOXJU0lQLzk" style="width: 5%; text-align: right">875,499</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--DeductAmountsReportedUnderTheStockAwardsAndOptionAwardsColumnOfTheSCTMember_zYp0w2mvjNK4" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left">Deduct amounts reported under the “Stock Awards” and “Option Awards” column of the SCT</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(22,362</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(266,140</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(86,528</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,083,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(427,500</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40F_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--TotalCashCompensationMember_zCgxqPTbL8Ok" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total Cash Compensation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">757,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">354,503</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">555,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">348,546</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">650,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">447,999</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--AddFairValueOfAwardsGrantedInFiscalTwoThousandTwentySixUnvestedAsOfMarchThirtyOneMember_z3lEKSzYpJZf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Add Fair Value of Awards Granted in Fiscal 2026 Unvested as of 3/31</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">22,362</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">266,140</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">86,528</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,083,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">427,500</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--AddChangeInFairValueOfAwardsGrantedInPriorYearsUnvestedAsOfMarchThirtyOneMember_zYM54nbCeln1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Add Change in Fair Value of Awards Granted in Prior Years Unvested as of 3/31</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(51,109</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,154,853</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(309,169</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,045,130</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,412,250</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--AddFairValueOfAwardsGrantedAndVestedInFiscalYearAsOfTheVestingDateMember_z5U28mI7MpKd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Add Fair Value of Awards Granted and Vested in Fiscal year as of the Vesting Date</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--AddChangeInFairValueOfAwardsGrantedInPriorYearsThatVestedDuringFiscalYearAsOfTheVestingDateMember_zU6Awdc51Dni" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Add Change in Fair Value of Awards Granted in Prior Years that Vested during Fiscal year as of the Vesting Date</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,086,569</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(63,112</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(453,501</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(99,178</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,818,360</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(602,754</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--DeductFairValueOfAnyAwardsGrantedInPriorYearsThatFailedToMeetVestingConditionsDuringFiscalYearMember_zR97QYXyFny6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Deduct Fair Value of any Awards Granted in Prior Years that Failed to Meet Vesting Conditions during Fiscal year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--DeductFairValueOfAnyAwardsGrantedInPriorYearsThatFailedToMeetVestingConditionsDuringFiscalYearMember_zVf9a3E1xrW6" style="display: none; vertical-align: bottom; background-color: White"> <td style="text-align: left">Adjustment for compensation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total Compensation Actually Paid</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eecd--PeoActuallyPaidCompAmt_c20250401__20260331__ecd--IndividualAxis__custom--StevenALisiMember_z7tMlavQcvub" style="text-align: right">(1,329,069</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td id="xdx_989_eecd--PeoActuallyPaidCompAmt_c20250401__20260331__ecd--IndividualAxis__custom--RobertSGoodmanMember_zGgqD9dUYQBf" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98A_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20250401__20260331_ztkXkYHXThE5" style="text-align: right">262,644</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_980_eecd--PeoActuallyPaidCompAmt_c20240401__20250331_zcEPQAxU9eJf" style="text-align: right">(787,214</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td id="xdx_980_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20240401__20250331_zFEHYTr7Njdb" style="text-align: right">26,727</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_982_eecd--PeoActuallyPaidCompAmt_c20230401__20240331_zw4WtyATxSsg" style="text-align: right">(4,130,490</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td id="xdx_988_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20230401__20240331_zHDVS8cZCAXc" style="text-align: right">(1,139,505</td><td style="text-align: left">)</td></tr> </table> 757500 376865 821140 435074 1733000 875499 -22362 -266140 -86528 -1083000 -427500 757500 354503 555000 348546 650000 447999 22362 266140 86528 1083000 427500 -51109 -1154853 -309169 -4045130 -1412250 -2086569 -63112 -453501 -99178 -1818360 -602754 -1329069 262644 -787214 26727 -4130490 -1139505 Compensation Actually Paid and Cumulative Total Shareholder Return The graph below compares the compensation actually paid to our PEOs and the average of the compensation actually paid to our remaining NEOs, with our cumulative total shareholder return for the fiscal years ended March 31, 2024, 2025, and 2026. Total Shareholder Return amounts reported in the graph assume an initial fixed investment of $100 on March 31, 2023. <img alt="" src="formpre14a_002.jpg"/> Compensation Actually Paid and Net Loss The graph below compares the compensation actually paid to our PEOs and the average of the compensation actually paid to our remaining NEOs, with our net loss (in thousands) for the fiscal years ended March 31, 2024, 2025 and 2026. <img alt="" src="formpre14a_003.jpg"/> This award was granted on August 14, 2025, two business days after the Company filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 after market close on August 12, 2025. The percentage change compares the closing price of the common stock on August 12, 2025 ($63.20) with the closing price on August 14, 2025 ($46.40). Steven A. Lisi served as our Chief Executive Officer from July 1, 2017 through March 27, 2026. The values reflected in this column reflect the “Total” compensation set forth in the Summary Compensation Table (“SCT”) in this proxy statement. See the footnotes to the SCT for further details regarding the amounts in these columns. In accordance with SEC rules, the Compensation Actually Paid reflected in these columns is computed by deducting and adding the following amounts from the “Total” column of the SCT (pursuant to SEC rules, fair value at each measurement date is computed in a manner consistent with the fair value methodology used to account for share-based payments in our financial statements under GAAP): Robert S. Goodman was appointed Chief Executive Officer effective March 27, 2026. For Fiscal 2026, our other NEOs were Michael Gaul, Daniel Moorhead and Douglas Larson. For Fiscal 2025, our other NEOs were Michael Gaul and Douglas Larson, and for Fiscal 2024, our other NEOs were Amir Avniel and Michael Gaul.