Sidus Space Inc

1. 1

   Election of Directors

   ManagementBoard: FOR

   Elect six (6) directors to serve until the 2027 annual meeting.

2. 2

   Ratification of Appointment of Independent Registered Public Accounting Firm

   ManagementBoard: FOR

   Ratify Fruci & Associates II, PLLC as the Company’s independent registered public accounting firm for fiscal year ending December 31, 2026.

3. 3

   Amendment to 2021 Omnibus Equity Incentive Plan to Increase Share Reserve to 4,800,000

   ManagementBoard: FOR

   Amend the 2021 Omnibus Equity Incentive Plan to increase the number of Class A common shares reserved for awards from 800,000 to 4,800,000.

   More detail

   This management-sponsored proposal requests stockholder approval to amend the Company’s 2021 Omnibus Equity Incentive Plan to increase the share reserve from 800,000 to 4,800,000 Class A shares. Management and the Compensation Committee state the amendment is necessary because only 28,738 shares remain available under the plan as of the record date and, without an increase, the company expects insufficient shares to grant competitive equity awards needed to attract, retain and motivate employees and non-employee directors. The proposal explains that the board considered dilution, historical burn rate and overhang, forecasted grants, strategic growth plans, and the competitive market for talent in setting the requested increase. Approval would enable continued use of equity incentives, which management argues align employees’ interests with stockholders and promote long-term value creation. The amendment authorizes the plan administrator broad discretion over award types, terms, and recipients while maintaining certain limitations (e.g., no repricing without stockholder approval). The board recommends a FOR vote, citing the importance of equity compensation as a tool for retention and alignment. Key governance considerations include potential dilution to current holders, the breadth of administrator discretion, change-in-control and clawback provisions, and the plan’s ten-year term. An analyst should weigh the operational need for future grants against dilution impact, plan overhang, historical grant practices, and whether alternative retention tools exist.

4. 4

   Amendment to 2021 Omnibus Equity Incentive Plan to Add an Evergreen Provision

   ManagementBoard: FOR

   Amend the 2021 Plan to add an evergreen provision that, beginning January 1, 2027 and through the plan’s initial ten-year term, automatically increases the share reserve annually by the lesser of 5% of outstanding shares or a smaller number determined by the board.

   More detail

   This management proposal asks shareholders to approve an amendment adding an annual 'evergreen' share replenishment to the 2021 Omnibus Equity Incentive Plan so that on each January 1 from 2027 through the plan’s initial ten-year term the plan’s share reserve will increase by the lesser of 5% of outstanding shares or a lesser amount set by the board. Management argues the evergreen ensures a continuous supply of shares for grants, reducing the need for frequent additional shareholder approvals and enabling consistent retention and hiring via equity awards. The board’s recommendation is premised on operational convenience and the strategic need to maintain competitive equity award capacity; the committee expects the provision could cover approximately four years of awards at current grant practices assuming maximum annual increases. Material governance considerations include the dilutionary effect of an uncapped multi-year replenishment (subject only to the 5%-per-year formula), broad administrator discretion in grant terms, and the absence of explicit annual shareholder re-approval beyond this vote. From an investor-analytic perspective, the evergreen increases predictability of award capacity but raises concerns about cumulative dilution, especially if the share price declines or grant volumes rise. Analysts should review historical burn rates, current overhang, potential future hiring needs, and whether the board’s authority to set a smaller annual amount provides meaningful restraint. The presence of clawback and change-in-control provisions partially mitigates executive risk-taking and windfalls, but does not address dilution for long-term holders. Overall, the proposal balances operational flexibility against the risk of multi-year dilution; its merits depend on the company’s growth prospects, planned hiring and historical equity usage.

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When is the Sidus Space Inc 2026 annual meeting?

Sidus Space Inc (SIDU) holds its 2026 annual shareholder meeting on Thursday, June 18, 2026.

What is the record date for the Sidus Space Inc 2026 meeting?

The record date for the Sidus Space Inc 2026 meeting is Tuesday, April 28, 2026. Shareholders of record on or before that date are eligible to vote.

Who are the director nominees for Sidus Space Inc's 2026 meeting?

The board is presenting 6 director nominees at the Sidus Space Inc 2026 meeting, listed with their independence status and background.

What proposals will shareholders vote on at the Sidus Space Inc 2026 meeting?

Shareholders will vote on 4 proposals at the Sidus Space Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.