Company: SWKH
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001628280-25-013989
Chunk: 189

Company: SWK Holdings Corp
Filing Date: 2025-03-20
Form: 10-K
Item: Item 8
Chunk 189
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 of shares constituting any series and the designation of such series. As of December 31, 2024, no shares of preferred stock have been issued.Stock Compensation Plans The Company’s 2010 Stock Incentive Plan (the “2010 Stock Incentive Plan”) provides for options, restricted stock, and other customary forms of equity to be granted to the Company’s directors, officers, employees, and independent contractors. All forms of equity incentive compensation are granted at the discretion of the Board and have a term not greater than 10 years from the date of grant.The calculation of the fair values of our stock-based compensation plans requires estimates that require management’s judgments. Under ASC 718, Compensation - Stock Compensation, the fair value of each stock option is estimated on the grant date using the Black-Scholes option-pricing model. The valuation models require assumptions and estimates to determine expected volatility, expected life and expected risk-free interest rates. The expected volatility was determined using historical volatility of our stock based on the contractual life of the award. The risk-free interest rate assumption was based on the yield on zero-coupon U.S. Treasury strips at the award grant date. There were no options granted in the fiscal years ended December 31, 2024 and 2023.The following table summarizes activities under the 2010 Stock Incentive Plan for the indicated periods: Options OutstandingNumber of SharesWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Term (in years)Aggregate Intrinsic Value (in thousands)Balances, December 31, 202290,000 $10.88 6.3$364 Options canceled and retired(22,039)16.29 Options exercised(461)16.29 Balances, December 31, 202367,500 12.705.0326Options exercised(18,750)12.50 Balances, December 31, 202448,750 12.78 3.8137 Options vested and exercisable and expected to be vested and exercisable at December 31, 202448,750 $12.78 3.8$137 Options vested and exercisable at December 31, 202448,750 $12.78 3.8$137  

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At December 31, 2024, there were approximately 670,235 shares reserved for issuance under the 2010 Stock Incentive Plan, and the Company had no unrecognized stock option expense