Company: BCHT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001477932-25-005905
Chunk: 48

Company: Birchtech Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 48
---
.19 per share. Such share issuances were based upon a VWAP of $0.5248 per share as determined under the terms of the options. A summary of stock option activity is presented below:          Weighted         Weighted    Average       Number  Average    Remaining  Aggregate   of  Exercise  Contractual  Intrinsic   Shares   Price   Life (years)  Value December 31, 2024  9,300,000  $0.58   1.75   12,500                  Grants  350,000   0.52         Expirations  (250,000)  0.19         Exercised  (1,000,000)  0.19         June 30, 2025  8,400,000  $0.64   1.51   1,114,750                  Options exercisable at:                June 30, 2025  8,212,500   0.64   1.49   1,082,875  The aggregate intrinsic value in the table above represents the total intrinsic value, based on the Company’s closing stock price of $0.68 as of June 30, 2025, which would have been received by the option holders had all option holders exercised their options as of that date. Stock options exercised during the six months ended June 30, 2025 include none that were exercised for cash and 1,000,000 that were cashless exercises.  Stock options exercised during the six months ended June 30, 2024 include none that were exercised for cash and 3,519,281 which were cashless exercises. Restricted Share Units On January 15, 2024, the Company granted 50,000 restricted share units (“RSUs”) to a director pursuant to the 2017 Plan. The RSUs will vest one year from the date of grant on January 15, 2025. Once vested, each RSU represents the right to receive one share of the Company’s common stock. These shares of common stock were valued at $43,500 in accordance with FASB ASC Topic 718. The fair value of the shares will be amortized as an expense over the vesting period