Company: BCHT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001477932-25-008185
Chunk: 38

Company: Birchtech Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 was expensed on the issuance date in selling, general and administrative expenses within the Company’s consolidated statements of operations. The valuation assumptions included an expected duration of 5 years, volatility of 92%, discount rate of 4.46% and dividends of $0. On June 20, 2025, the Company issued (i) 318,978 shares of common stock to the Company’s Chief Executive Officer upon a cashless exercise of an option to purchase 500,000 shares of common stock at an exercise price of $0.19 per share, and (ii) 318,978 shares of common stock to the Company’s Senior Vice President and Chief Technology Officer upon a cashless exercise of an option to purchase 500,000 shares of common stock at an exercise price of $0.19 per share. Such share issuances were based upon a VWAP of $0.5248 per share as determined under the terms of the options. A summary of stock option activity is presented below:       Weighted       Weighted    Average      Number  Average    Remaining  Aggregate   of  Exercise  Contractual  Intrinsic   Shares   Price   Life (years)  Value December 31, 2024  9,300,000  $0.58   1.75   12,500                  Grants  350,000   0.52         Expirations  (875,000 )  0.33         Exercised  (1,000,000 )  0.19         September 30, 2025  7,775,000  $0.66   1.36   1,062,500                  Options exercisable at:                September 30, 2025  7,650,000   0.66   1.34   1,034,750  The aggregate intrinsic value in the table above represents the total intrinsic value, based on the Company’s closing stock price of $0.73 as of September 30, 2025, which would have been received by the option holders had all option holders exercised their options as of that date. 

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Stock options exercised during the nine months ended September 30, 2025 include none that were exercised for