Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 34

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 obligation to issue one share of the Company's Class A or Class C Common Stock with the shares delivered six months following the termination of the director's service. The Company had 1.3 million deferred stock units outstanding as of September 30, 2025.Employee Stock Purchase PlanThe Company's Employee Stock Purchase Plans (the "ESPPs") allow for the purchase of Class A Common Stock and Class C Common Stock by all eligible employees at a 15% discount from fair market value subject to certain limits as defined in the ESPPs. As of September 30, 2025, the Company had 2.7 million Class A shares and 1.9 million Class C shares available for future purchases under the ESPPs. During the three and six months ended September 30, 2025, 0.2 million and 0.3 million Class C shares were purchased under the ESPPs, respectively (three and six months ended September 30, 2024: 0.1 million and 0.2 million Class C shares, respectively).Awards granted to Certain Marketing and Other PartnersIn addition to the plans discussed above, the Company may also, from time to time, issue deferred stock units or restricted stock units to certain of our marketing and other partners in connection with their entering into endorsement or other service agreements with the Company. The terms of each agreement set forth the number of units to be granted and the delivery dates for the shares, which range over a multi-year period, depending on the contract. Total stock-based compensation expense related to these awards for the three and six months ended September 30, 2025 was $1.6 million and $3.4 million, respectively (three and six months ended September 30, 2024: $1.8 million and $3.7 million, respectively). As of September 30, 2025, the Company had $61.4 million of unrecognized compensation expense associated with these awards expected to be recognized over a weighted average period of 8.90 years.

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Summary by Award Classification:Stock OptionsA summary of the Company's stock options activity for the six months ended September 30, 2025 is presented below:Number of StockOptionsWeighted AverageExercisePriceWeighted AverageRemaining ContractualLife (Years)Total IntrinsicValueOutstanding as of March 31, 20251,356 $16.68 3.31$— Granted, at fair market value150