Company: KVHI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001007587-25-000012
Chunk: 48

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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32Dividend yield0 %0 %As of June 30, 2025, there were 1,397 options outstanding with a weighted average exercise price of $7.19 per share and 510 options exercisable with a weighted average exercise price of $8.96 per share. As of June 30, 2024, there were 1,225 options outstanding with a weighted average exercise price of $8.64 per share and 599 options exercisable with a weighted average exercise price of $9.84 per share. 

11

Restricted StockDuring the three months ended June 30, 2025, no shares of restricted stock were granted and 1 shares of restricted stock were forfeited. Additionally, during the three months ended June 30, 2025, 63 shares of restricted stock vested. During the three months ended June 30, 2024, no shares of restricted stock were granted and 35 share of restricted stock were forfeited. Additionally, during the three months ended June 30, 2024, 76 shares of restricted stock vested.During the six months ended June 30, 2025, no shares of restricted stock were granted and 22 shares of restricted stock were forfeited. Additionally, during the six months ended June 30, 2025, 146 shares of restricted stock vested. During the six months ended June 30, 2024, 122 shares of restricted stock were granted with a weighted average grant date fair value of $5.03 per share and 43 shares of restricted stock were forfeited. Additionally, during the six months ended June 30, 2024, 142 shares of restricted stock vested. As of June 30, 2025 and 2024, the Company had no unvested outstanding options and no outstanding shares of restricted stock that were subject to performance-based or market-based vesting conditions.(b) Employee Stock Purchase PlanThe Company's ESPP affords eligible employees the right to purchase common stock, via payroll deductions, through various offering periods at a purchase price equal to 85% of the fair market value of the common stock on the first or last day of the offering period, whichever is lower. During the three months ended June 30, 2025 and 2024, no shares were issued under the ESPP. During the six months ended June 30, 2025 and 2024, 0 and 24 shares were