Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 109

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 109
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are discounted to their present values using a discount rate based on the cost of capital at a company’s stage of development.
The market approach estimates value based on a comparison of the subject company to comparable public companies in a similar line of
business. From the comparable companies, a representative market value multiple is determined and then applied to the subject company’s
financial results to estimate the enterprise value of the subject company.

A summary of option activity under the employee
share option plan as of September 30, 2025, and changes during the period are presented below.

Schedule of stock option activity

    Options  
    Shares of Stock 

    No. of Options  
    Weighted Average Price  
    No. of Shares  
    Weighted Average Price  
    Total 
  
    Balance available under the plan as at January
    1, 2025 
     2,379  
     —  
     —  
     —  
     2,379 
  
    Additions to the plan 
     3,995,243  

     3,995,243 
  
    Granted
    (1) 
     (160,000) 
     2.62  
     —  
     —  
     (160,000)
  
    Cancelled/expired/exercised 
     229  
     1.85  
     —  
     —  
     229 
  
    Balance available under the plan as of September 30, 2025 
     3,837,850  
     —  
     —  
     —  
     3,837,850 

  (1) During the period ended September 30, 2025, 160,000   stock options were granted to the Board of Directors containing an exercise price of $2.62 per option, which corresponds to the end of the day price on grant date (i.e. options are at-the-money when issued). The options vest 100% on the grant date, with an expiry date of the earlier of September 18, 2030 (contractual expiry), and 18 months after the date the director ceases to be a board member (post-termination window). 

28

HEALTHCARE TRIANGLE, INC.

Notes To Condensed Consolidated Financial Statements

(Unaudited)

(In thousands except share and per share data