Company: IMXI
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683695-25-000100
Chunk: 100

Company: International Money Express, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 8
Chunk 100
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— $— $— Expired— $— $— Outstanding at June 30, 2025151,125 $12.13 3.86$4.35 Exercisable at June 30, 2025(2)151,125 $12.13 3.86$4.35 (1) The aggregate intrinsic value of stock options exercised during the six months ended June 30, 2024 was approximately $3.7 million (none in 2025).(2) The aggregate fair value of all vested/exercisable options outstanding as of June 30, 2025 was $0.7 million, which was determined based on the market value of our stock as of that date.Restricted Stock UnitsThe RSUs granted under the Plans to the Company’s employees or certain service providers generally vest in four equal annual installments beginning one year after the date of the grant, while RSUs issued to the Company’s independent directors generally vest on the one-year anniversary from the grant date. The Company recognized compensation expense for all RSUs of approximately $1.0 million and $0.9 million for the three months ended June 30, 2025 and 2024, respectively, and $2.3 million and $1.9 million the six months ended June 30, 2025 and 2024, respectively, which is included in salaries and benefits in the condensed consolidated statements of income and 

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comprehensive income. As of June 30, 2025, unrecognized compensation expense related to RSUs of approximately $9.3 million is expected to be recognized over a weighted-average period of 1.8 years.A summary of RSU activity during the six months ended June 30, 2025 is presented below:Number of RSUsWeighted-AverageGrant PriceOutstanding (nonvested) at December 31, 2024432,316 $20.71 Granted(1)390,586 $14.16 Vested(151,141)$20.13 Forfeited(40,828)$17.52 Outstanding (nonvested) at June 30, 2025630,933 $16.90 (1) The aggregate fair value of all RSUs granted during the six months ended June 30, 2025 was approximately $5.5 million.Share AwardsDuring the six months ended June 30, 202