Company: RAIN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110062
Chunk: 30

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 price of $2.06 and were fully
vested upon the grant date. As of September 30, 2025 and December 31, 2024, the Company had an aggregate of 2,150,838 options
issued and outstanding.

Restricted Stock Awards (RSAs)

RSAs are awards of common stock that are legally
issued and outstanding. RSAs are subject to time-based restrictions on transfer and unvested portions are generally subject to a risk
of forfeiture if the award recipient ceases providing services to the Company prior to the lapse of the restrictions or does not meet
certain performance conditions.

17

RAIN ENHANCEMENT TECHNOLOGIES HOLDCO, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS

SEPTEMBER 30, 2025

The following summarizes the Company’s restricted
stock award activity and the RSAs outstanding:

         Weighted
Average   Weighted Average Remaining      Shares   Grant
Date
Fair Value   Contractual 
Life (in years)   Unvested at June 30, 2025   -   $               -        Granted   602,320    4.40        Forfeited   -    -        Vested   -    -        Unvested at September 30, 2025   602,320    4.40    0.75  

The aggregate fair value was calculated based on the closing market price of the Company’s common stock on the date of grant and
is recognized ratable over the vesting period. The Company recognized approximately $349,000 of stock compensation expense within the general and administrative expenses in the accompanying unaudited condensed
consolidated financial statements for the three and nine months ended September 30, 2025. As of September 30, 2025, total unrecognized
compensation cost related to RSAs was approximately $2.3 million, which is expected to be recognized over a remaining weighted-average
vesting period of 0.75 years.

Note 10 — Segment
Information

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as