Company: TENB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001660280-25-000090
Chunk: 17

Company: Tenable Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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$81,117_______________(1)    Stock-based compensation in the six months ended June 30, 2025 includes $14.6 million of expense related to the accelerated vesting of equity awards for our late CEO.

17

A summary of the unrecognized stock-based compensation expense related to unvested stock at June 30, 2025 is presented below:Unrecognized Stock-Based Compensation Expense (in thousands)Estimated Weighted Average Period (in years)Restricted stock units ("RSUs")$372,658 2.9Performance stock units ("PSUs")7,5683.4Restricted stock10,3612.12018 Employee Stock Purchase Plan ("2018 ESPP")11,7970.9Restricted Stock, RSUs and PSUsA summary of our restricted stock, RSU and PSU activity is presented below:Restricted StockRSUsPSUs(in thousands, except for per share data)Number of SharesWeightedAverageGrant Date Fair ValueNumber of SharesWeightedAverageGrant Date Fair ValueNumber of SharesWeightedAverageGrant Date Fair ValueUnvested balance at December 31, 2024187$45.67 7,209$45.01 300$45.78 Granted187 32.83 5,559 37.27 200 38.37 Performance adjustment(1)— — — — (6)47.20 Vested(62)45.67 (2,297)45.45 (180)46.01 Forfeited— — (411)43.67 — — Unvested balance at June 30, 202531237.9610,06040.69 31440.88 _______________(1)    Represents adjustments due to the achievement of predefined financial performance targets.In January 2025, under the evergreen provision in our 2018 Equity Incentive Plan we reserved an additional 6.0 million shares of our common stock. At June 30, 2025, there were 27.2 million shares available for grant under the plan.Stock OptionsA summary of our stock option activity is presented below:(in thousands, except for exercise prices and years)Numberof SharesWeightedAverageExercise PriceWeighted-Average Remaining Contractual Term (in years)Aggregate Intrinsic ValueOutstanding at December 31, 20244,051$9.26 2.6$122,024