Company: INGN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029993
Chunk: 111

Company: Inogen Inc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 111
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)

        786

        —

        786

        $
        59.55

        Unvested and expected to vest restricted stock awards outstanding as of     December 31, 2022

        748

        $
        60.39

        Unvested restricted stock awards outstanding as of December 31, 2022

        786

        —

        786

        $
        59.55

        Vested

        (786
        )

        —

        (786
        )

        59.55

        Unvested restricted stock awards outstanding as of December 31, 2023 (1)

        —

        —

        —

        $
        —

        Unvested and expected to vest restricted stock awards outstanding as of     December 31, 2023

        —

        $
        —

       (1)Outstanding restricted stock units and restricted stock awards are based on the maximum payout of the targeted number of shares.As of December 31, 2024, the unrecognized compensation cost related to unvested employee restricted stock units was $7,478, excluding estimated forfeitures. This amount is expected to be recognized over a weighted average period of 1.7 years. Employee stock purchase planThe Company’s 2014 Employee Stock Purchase Plan (ESPP) provides all eligible employees the option to purchase the Company’s ordinary shares at a discount through payroll deductions. The expense recognized for shares purchased under the ESPP is equal to the 15% discount the employee receives. In 2024, employees purchased a total of 144,255 shares at an average price of $5.62 per share. As of December 31, 2024, a total of 585,409 shares of common stock were available for future purchase under the ESPP. For 2024, an additional 179,069 shares were added to the ESPP share reserve. 

 F-32

Stock-based compensationStock-based compensation expense recognized for the years ended December 31, 2024, 2023 and 2022, was as follows:  

        Years ended December 31,

        Stock-based compensation expense by type of award:
         
        2024

        2023

        2022

        Restricted stock units and restricted stock awards
         
        $
        6,941

        $
        7,037

        $
        11,748

        Employee stock purchase plan