Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation and Warrants (Tables)

v3.24.3
Stock-Based Compensation and Warrants (Tables)
9 Months Ended
Sep. 30, 2024
Stock-Based Compensation and Warrants  
Schedule of stock option activity

Weighted

Weighted

average

Intrinsic

average exercise

remaining

value

    

Shares

    

price

    

contractual life

    

(thousands)

Outstanding and Exercisable at December 31, 2023

 

673,942

$

2.35

 

3.24 years

$

2,540

Granted

 

260,420

5.73

 

  

 

  

Exercised

 

(50,000)

4.85

 

  

 

  

Cancelled, expired or forfeited

 

(50,098)

4.76

 

 

  

Outstanding at September 30, 2024

 

834,264

$

3.14

 

4.98 years

$

1,260

Schedule of RSUs and changes

Weighted average

    

Shares

    

grant date fair value

Non-vested RSUs at December 31, 2023

 

1,020,556

$

8.08

Granted

 

468,356

 

4.88

Vested

 

(439,336)

 

8.08

Cancelled, expired or forfeited

 

(39,387)

 

7.34

Non-vested RSUs at September 30, 2024

 

1,010,189

$

6.62

Schedule of PSUs and changes

Weighted average

    

Shares

    

grant date fair value

Non-vested PSUs at December 31, 2023

 

375,000

$

5.89

Granted

 

98,166

 

4.65

Vested

 

 

Cancelled, expired or forfeited

 

 

Non-vested PSUs at September 30, 2024

 

473,166

$

5.63

Schedule of warrants to purchase shares of common stock outstanding

Warrants

Exercise

Shares available for purchase as of September 30,

Issuance date

Holder of warrants

Expiration date

Issued

Price

2024

2023

May 1, 2024

HPC III Kaizen LP

May 1, 2029

1,000,000

$

10.00

1,000,000

May 1, 2024

HPS and affiliates

May 1, 2029

66,667

$

10.00

66,667

May 1, 2024

HPC III Kaizen LP

May 1, 2034

1,786,582

$

0.01

1,786,582

May 1, 2024

HPS and affiliates

May 1, 2034

119,105

$

0.01

119,105