Company: MCW
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024533
Chunk: 87

Company: Mister Car Wash, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 87
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 the most recent period presented is as follows:

57 

        Number of Stock Options

        Weighted-AverageGrant Date Fair Value

        Time Vesting Options

        Performance Vesting Options

        Time Vesting Options

        Performance Vesting Options

        Non-vested as of December 31, 2023

        3,629,454

        —

        $
        4.39

        —

        Granted

        1,652,611

        —

        $
        3.13

        —

        Vested

        (1,419,644
        )

        —

        $
        3.93

        —

        Forfeited

        (317,465
        )

        —

        $
        4.19

        —

        Non-vested as of December 31, 2024

        3,544,956

        —

        $
        4.05

        —

      The total grant date fair value of Time Vesting Options granted during the year ended December 31, 2024 was approximately $5,069. The total intrinsic value of options exercised during the years ended December 31, 2024, 2023 and 2022 was $65,821, $54,975 and $63,104, respectively.The fair value of stock options vested during the years ended December 31, 2024, 2023 and 2022 was $10,227, $10,611 and $19,717, respectively.The weighted-average fair value of time vesting options granted in 2024, 2023 and 2022, estimated on the dates of grant using the Black-Scholes option pricing model, was $3.13, $4.35 and $4.85, respectively.As of December 31, 2024 and 2023, the weighted-average remaining contractual life of outstanding stock options was approximately 5.41 years and 3.67 years.As of December 31, 2024 and 2023, the weighted-average remaining contractual life of currently exercisable stock options was approximately 4.05 years and 2.86 years.Restricted Stock UnitsThe following table summarizes our RSU activity during the periods presented as follows:

        Restricted Stock Units

        Weighted-Average Grant Date Fair Value

        Unvested as of December 31, 2023

        3,718,505

        $
        9.98

        Granted