Company: GDOT
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001386278-25-000076
Chunk: 80

Company: GREEN DOT CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 80
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 ending balance is as follows:Nine Months Ended September 30,20252024(In thousands)Beginning balance$12,541 $12,109 Increases related to positions taken during the current year966 1,380 Decreases related to positions settled with tax authorities— (86)Ending balance$13,507 $13,403 The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate $12,922 $12,884 As of September 30, 2025 and 2024, we recognized accrued interest and penalties related to unrecognized tax benefits of approximately $2.2 million and $1.8 million, respectively.

Note 11—Stockholders' Equity

Stock Repurchase ProgramIn February 2022, our Board of Directors authorized a $100 million increase to our stock repurchase program. As of September 30, 2025, we had an authorized $4.5 million remaining under our stock repurchase program for additional repurchases. There were no repurchases during the nine months ended September 30, 2025.

Note 12—Stock-Based Compensation

We currently grant restricted stock unit awards to employees, directors and non-employee consultants under our 2010 Equity Incentive Plan and from time to time may also grant stock option awards. Through our 2010 Employee Stock Purchase Plan, employees are also able to purchase shares of our Class A common stock at a discount through payroll deductions. We have reserved shares of our Class A common stock for issuance under these plans. The total stock-based compensation expense recognized was $5.3 million and $8.2 million for the three months ended September 30, 2025 and 2024, respectively, and $14.0 million and $24.1 million for the nine months ended September 30, 2025 and 2024, respectively.Restricted Stock UnitsRestricted stock unit activity for awards subject to only service conditions was as follows for the nine months ended September 30, 2025: SharesWeighted-Average Grant-Date Fair Value(In thousands, except per share data)Outstanding at December 31, 20243,077 $12.23 Restricted stock units granted2,549 8.00 Restricted stock units vested(1,229)14.06 Restricted stock units canceled(485)10.84 Outstanding at September 30, 20253,912 $9.07 

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