Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 603

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 603
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-based compensation expense using the accelerated attribution method, based on the grant date fair value of the RSUs.

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 (In Thousands)                                 | ​     
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 Number of 
     Units | ​     
 ​ ​ ​ 
 ​     
 ​     
 ​     | ​          
 Weighted-  
 Average    
 Grant Date 
 Fair Value |       ​ |
|:-----------------------------------------------|:------|----------:|:------|:-----------|--------:|
| Outstanding and unvested at December 31, 2024  |       |   173,572 | ​     | $          | 137,122 |
| RSUs Granted                                   |       |    13,764 | ​     | $          |  11,011 |
| RSUs Forfeited                                 |       |   -51,734 | ​     | $          | -41,387 |
| Outstanding and unvested at September 30, 2025 |       |   135,602 | ​     | $          | 107,126 |

As of September 30, 2025 and December 31, 2024, respectively, all stock-based compensation expenses related to the Company’s RSUs remained unrecognized because the performance-based condition was not satisfied. No RSUs had met their service-based vesting condition as of December 31, 2024; also, no RSUs had met the performance vesting condition as of December 31, 2024 or September 30, 2025. If the performance vesting condition had been satisfied on September 30, 2025, the Company would have recorded $107.1 million of stock-based compensation expense using the accelerated attribution method related to RSUs. Due to the nature of the acceleration clause, upon a Qualified Transaction, 100% of the stock-based compensation expense on these RSUs will be recognized. NOTE 13 – COMMITMENTS AND CONTINGENCIES In the ordinary course of business, the Company enters into contractual agreements with third parties that include non-cancelable payment obligations, for which it is liable in future periods. These arrangements can include terms binding the Company to minimum payments and/or penalties if it terminates the agreement for any reason other than an event of default as described in the agreement. In the course of business, the Company is party to various legal proceedings and claims from time to time. A liability will be accrued when