Company: BKYI
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001437749-25-012824
Chunk: 506

Company: BIO KEY INTERNATIONAL INC
Filing Date: 2025-04-23
Form: 10-K
Item: Item 9
Chunk 506
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 Granted   —    —   —   —         
 Exercised   —    —   —   —         
 Forfeited   (348)   —   (348)  93.60         
 Expired   (1,187)   (4,724)  (5,911)  380.51         
 Outstanding, as of December 31, 2024   3,007    -   3,007  $197.31    1.14   $0 
 Vested or expected to vest at December 31, 2024            3,007  $197.31   1.14  $0 
 Exercisable at December 31, 2024            3,007  $197.31   1.14  $0 

       61

   The options outstanding and exercisable at  December 31, 2024 were in the following exercise price ranges:
    
      Options Outstanding    Options Exercisable  
       Weighted    Weighted        Weighted  
       average    average        average  
   Number of    exercise    remaining    Number    exercise  
 Range of exercise prices   shares    price    life (in years)    exercisable    price  
 $93.60 - 169.92   1,857  $144.71   1.67   1,857  $144.71 
 $169.93 - 504.00   1,150   282.24   0.22   1,150   282.24 
 $93.60 - 504.00   3,007           3,007     

   The aggregate intrinsic value in the table above represents the total intrinsic value, based on the Company’s closing stock price of $1.71, $3.00, and $10.62 as of  December 31, 2024, 2023 and 2022, respectively, which would have been received by the option holders had all option holders exercised their options as of that date. There were no in-the-money options exercisable as of  December 31, 2024, 2023 and 2022.