Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 564

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 2
Chunk 564
---
  
     6.62  
    $2,325,906 
  
    Unrecognized expense at December 31, 2024 
    $1,159,772  
     —  
     —  
    $— 

The
aggregate intrinsic value of options was calculated as the difference between the exercise price of the underlying awards and the quoted
price of our common stock. At December 31, 2024, options to purchase 5,500 shares of common stock were in-the-money.

The
weighted average grant-date fair value of options granted during the years 2024 and 2023 was $0.92 and $.90, respectively.

2023

On
May 11, 2023 the Company granted three employees 295,000 options to purchase shares of the Company’s common stock at the closing
price as of May 11, 2023 of $0.98 per share. The option shares will vest 25% on the first anniversary of the grant, then equally in 36
monthly installments thereafter, and are exercisable until May 16, 2033. The total estimated value using the Black-Scholes Model, based
on a volatility rate of 75.76% and an option fair value of $0.705183 was $208,029.

On
July 14, 2023 the Company granted one employees 1,000,000 options to purchase shares of the Company’s common stock at the closing
price as of July 14, 2023 of $0.85 per share. The option shares will vest 25% on the first anniversary of the grant, then equally in
36 monthly installments thereafter, and are exercisable until July 14, 2033. The total estimated value using the Black-Scholes Model,
based on a volatility rate of 74.55% and an option fair value of $0.5590 was $605,383.

On
July 17, 2023 the Company granted one employees 700,000 options to purchase shares of the Company’s common stock at the closing
price as of July 17, 2023 of $0.79 per share. The option shares will vest 25% on the first anniversary of the grant, then equally in
36 monthly installments thereafter, and are exercisable until July 17, 2033. The total estimated value using the Black-Scholes Model,
based on a volatility