Company: BKTI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033457
Chunk: 27

Company: BK Technologies Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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. Avg.    Wgt. Avg.    Wgt. Avg.      
       Exercise    Remaining    Grant Date    Aggregate  
   Stock    Price ($)    Contractual    Fair Value    Intrinsic  
 As of January 1, 2025   Options    Per Share    Life (Years)    ($) Per Share    Value (000s)  
 Outstanding   285,100   13.65   7.72   6.39   5,885 
 Vested   109,840   15.23   6.25   5.46   2,094 
 Nonvested   175,260   12.66   8.63   6.97   3,791 
                     
 Period activity                     
 Issued   222,944   41.65   9.69   25.11   — 
 Exercised   (25,281)  14.08   —   6.30   891 
 Forfeited   (11,070)  19.98   —   12.09   261 
 Expired   (4,380)  14.72   —   5.97   151 
                     
 As of September 30, 2025                     
 Outstanding   467,313   26.83   8.27   15.19   26,943 
 Vested   136,436   18.14   9.03   8.55   9,052 
 Nonvested   330,877   30.41   9.03   17.93   17,891 

   Restricted Stock Units
    
   On  August 6, 2025, the Company issued 39,250 shares of common stock related to Restricted Stock Unit (RSU) grants issued in 2023. The RSU grants included performance vesting criteria for certain Engineering employees, upon achieving $20 million revenues related to sales of the BKR9000 multi-band portable radio product. The shares were issued at the  August 6, 2025, closing price of $38.27, for a total non-cash stock compensation expense of approximately $1.