Company: SOBR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001477932-25-008092
Chunk: 31

Company: SOBR Safe, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 under the Plan to 3,182. On July 17, 2025, the Company’s stockholders approved and ratified an amendment to increase the number of shares authorized under the 2019 Equity Incentive Plan to 350,000 shares. The Company generally recognizes share-based compensation expense either on the grant date or over the period of vesting or period that services will be provided. Stock Options As of September 30, 2025, and December 31, 2024, the Company had outstanding stock options to acquire 1,256 and 1,323 shares of common stock under the Plan, respectively. As of September 30, 2025, the Plan had 1,167 vested options and 89 non-vested options. As of December 31, 2024, the Plan had 1,048 vested options and 275 non-vested options. The stock options are held by our officers, directors, employees, and certain key consultants.  For the nine months ended September 30, 2025, and 2024, the Company recorded $323,609 and $537,980, respectively, of share-based compensation expense related to stock options. For the three months ended September 30, 2025, and 2024, the Company recorded $99,727 and $168,720, respectively, of share-based compensation expense related to stock options. Unrecognized compensation expense as of September 30, 2025, was $119,143 which will be recognized over a weighted-average period of 5 months.  During the nine months ended September 30, 2025, the Company did not grant any stock options to directors, officers, employees or other third parties. The following table summarizes the changes in the Company’s outstanding stock options during the nine months ended September 30, 2025:   Options Outstanding Number of Shares  Exercise PricePer Share  Weighted Average Remaining Contractual Life (Years)  Weighted Average Exercise Price  Aggregate Intrinsic Value Balance at December 31, 2024  1,323  $ 528.00-10,230.00    4.9  $2,178.70  $- Granted  -   -   -   -   - Exercised  -   -   -   -   - Expired/forfe