Fatpipe Inc/UT
For the period ended Mar 31, 2026. Filed May 18, 2026.
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FY2026 · Filed May 18, 2026
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Item 11. Executive Compensation
As an emerging growth company and a smaller reporting company, we are providing scaled disclosure of executive compensation pursuant to Item 402(m) through (q) of Regulation S-K.
Summary Compensation Table
The following table sets forth information regarding compensation earned by or paid to our “named executive officers,” consisting of our principal executive officer and our two other most highly compensated executive officers, for the fiscal years ended March 31, 2026 and 2025:
| Name and Principal Position | Year | Salary ($) | Bonus ($) | Stock Awards ($) | Option Awards ($) | All Other Comp ($) | Total ($) |
|---|---|---|---|---|---|---|---|
| Ragula Bhaskar, Ph.D. | 2026 | 240,000 | 50,000 | — | — | — | 290,000 |
| Chief Executive Officer | 2025 | 230,000 | — | — | — | — | 230,000 |
| Sanchaita Datta | 2026 | 240,240 | 50,000 | — | — | — | 290,240 |
| President and CTO | 2025 | 261,089 | — | — | — | — | 261,089 |
| Eric Sherb | 2026 | 79,680 | — | — | — | — | 79,680 |
| Chief Financial Officer | 2025 | — | — | — | — | — | — |
[Footnotes:(1) Salary amounts reflect base salary earned during the fiscal year. (2) Stock Awards represent the aggregate grant-date fair value of awards granted under the FatPipe, Inc. 2024 Equity Incentive Plan, computed in accordance with ASC 718. (3) All Other Compensation includes [insert detail — e.g., 401(k) match, healthcare benefits, etc.].Update or remove footnotes consistent with actual amounts.]
Outstanding Equity Awards at Fiscal Year-End
The following table sets forth information regarding outstanding equity awards held by our named executive officers as of March 31, 2026:[Insert table consistent with actual outstanding awards under the FatPipe, Inc. 2024 Equity Incentive Plan; if no equity awards are outstanding for an officer, indicate accordingly.]
Employment Arrangements
We do not currently have written employment agreements with our co-founders, Dr. Bhaskar or Ms. Datta, or with our Chief Financial Officer, Mr. Sherb. Compensation for our named executive officers is determined by our Compensation Committee and our Board of Directors based on the factors discussed below.
Director Compensation
The following table sets forth information regarding compensation earned by or paid to our non-employee directors for the fiscal year ended March 31, 2026:
| Name · Fees Earned or Paid in Cash ($) · Stock Awards ($) · All Other Compensation ($) · Total ($) | ||||||
|---|---|---|---|---|---|---|
| I. Bobby Majumder | $15,000 | $ | - | $ | - | $15,000 |
| Ajay Tandon | 15,000 | - | - | 15,000 | ||
| Jean Turgeon | 15,000 | - | - | 15,000 | ||
Directors who are also executive officers of the Company (Dr. Bhaskar and Ms. Datta) do not receive additional compensation for their service as directors.
FatPipe, Inc. 2024 Equity Incentive Plan
In connection with our IPO, our Board of Directors adopted, and our stockholders approved, the FatPipe, Inc. 2024 Equity Incentive Plan (the “2024 Plan”). The 2024 Plan provides for the grant of stock options (both incentive stock options and non-qualified stock options), stock appreciation rights, restricted stock awards, restricted stock units, performance awards, and other stock or cash awards to officers, directors, employees, and consultants of the Company and its affiliates. The 2024 Plan is administered by our Compensation Committee.
The maximum aggregate number of shares of common stock that may be issued under the 2024 Plan is 2,600,000. As of March 31, 2026, 198,000 shares of common stock had been issued and 0 unvested awards remained outstanding under the 2024 Plan, with 2,402,000 shares remaining available for future issuance.
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