Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 1121

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 6
Chunk 1121
---
.0 million, $3.5 million and $4.4 million, respectively.
As of December 31, 2024, the unrecognized stock-based compensation costs to be recognized over future periods was equal to $3.0 million.
This amount will be recognized as expense over a weighted-average period of 1.1 years.

At December 31, 2024 and
2023, options outstanding had intrinsic values of $33.3
million and $36.1
million, respectively. At December 31, 2024 and 2023, options exercisable had intrinsic values of $31.2
million and $31.2
million, respectively. The total intrinsic value of options exercised was $8.2
million and $14.5
million for the years ended December 31, 2024 and 2023, respectively. New shares were issued for all options exercised during
the year ended December 2024 for a total price of $6.9
million. At December 31, 2024, there were a total of 2,984,000
additional shares available for grant under the 2006 Plan.

Stock option activity for
the year ended December 31, 2024 for stock options under the 2006 and 1997 plans is as follows:

    Schedule of option activity 

    Weighted 

    Number of  
    Weighted  
    Average 

    Shares  
    Average  
    Remaining 

    (in thousands)  
    Exercise Price  
    Contractual Term 
  
    Options outstanding at the beginning of period 
     8,125  
    $5.11  
     3.14 years 
  
    Granted 
     –  
     –  
     N/A 
  
    Exercised 
     (1,728) 
     4.00  
     N/A 
  
    Forfeited/Expired 
     (300) 
     5.80  
     N/A 
  
    Options outstanding at the end of period 
     6,097  
    $5.39  
     2.68 years 

    Options exercisable at the end of period 
     5,087  
    $4.73  
     2.40 years 

The following table presents
the price distribution of stock options outstanding and exercisable for the years ended