Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 325

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 325
---
 with an exercise price of $0.40 per share. Such share issuance was based upon a VWAP of $0.8227 per share as determined under the terms of the option. A summary of stock option activity is presented below:          Weighted         Weighted    Average         Average    Remaining  Aggregate   Number of  Exercise  Contractual  Intrinsic   Shares   Price   Life (years)  Value December 31, 2023  17,037,500  $0.53   1.47   6,970,750                  Grants  1,000,000   0.88         Expirations  (5,155,719 )  0.64         Exercised  (3,581,781 )  0.35         December 31, 2024  9,300,000  $0.58   1.75   12,500                  Options exercisable at:                December 31, 2024  9,300,000   0.58   1.75   12,500  The aggregate intrinsic value in the table above represents the total intrinsic value, based on the Company’s closing stock price of $0.51 as of December 31, 2024 (the last trading day of the month of December 2024), which would have been received by the option holders had all option holders exercised their options as of that date.

 F-27Table of Contents

Stock options exercised during the year ended December 31, 2024 include none that were exercised for cash and 3,581,781 which were a cashless exercise. Restricted Share Units On January 15, 2024, the Company granted 50,000 restricted share units (“RSUs”) to a director pursuant to the 2017 Plan. The RSUs will vest one year from the date of grant on January 15, 2025. Once vested, each RSU represents the right to receive one share of the Company’s common stock. These shares of common stock were valued at $43,500 in accordance with FASB ASC Topic 718. The fair value of the shares will be amortized as an expense over the vesting period. The shares become fully vested on January 15,