Company: NSTS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034806
Chunk: 79

Company: NSTS Bancorp, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 79
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 of restricted stock and 539,796 shares available for future grants of stock options) of the Company’s common stock pursuant to equity awards made under the 2023 Equity Plan.
    
   Stock options granted under the 2023 Equity Plan generally vest in equal annual installments over a service period of five years beginning on the date of grant. The vesting of the options accelerates upon death, disability or following a change in control of the Company. Stock options are generally granted at an exercise price equal to the fair value of the Company’s common stock on the grant date based on the closing market price of the Company's common stock on the date of grant, and have an expiration period of ten years. As of  September 30, 2025, the Company has 26,296 shares available for future grants of stock options under the 2023 Equity Plan.  
    The Company recognizes compensation expense for the fair values of these awards, which have graded vesting, on a straight-line basis over the requisite service period of the awards. Upon exercise of vested options, management expects to first draw on treasury stock as the source for shares. 

       23

   The following is a summary of the Company's stock option activity and related information for the periods presented. 

     Stock Option   Shares    Weighted Average Exercise Price    Aggregate Intrinsic Value (1)  
             
 Outstanding at June 30, 2024   465,500  $9.36     
 Granted   —   —     
 Exercised   23,000   9.36     
 Forfeited   —   —     
 Outstanding at September 30, 2024   442,500  $9.36  $438 
 Exercisable - End of Period   88,500   9.36   88 
             
 Outstanding at June 30, 2025   490,500  $9.59     
 Granted   —   —     
 Exercised   —   —     
 Forfeited   —   —     
 Outstanding at September 30, 2025   490,500  $9.59  $956 
 Exercisable - End of Period   186,800   9.36   407 

     Stock Option   Shares    Weighted Average Exercise Price    Aggregate In