Company: TENB
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001660280-25-000128
Chunk: 18

Company: Tenable Holdings, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 is presented below:(in thousands, except for exercise prices and years)Numberof SharesWeightedAverageExercise PriceWeighted-Average Remaining Contractual Term (in years)Aggregate Intrinsic ValueOutstanding at December 31, 20244,051$9.26 2.6$122,024Exercised(1)(2,519)7.34 65,167Forfeited/canceled(2)6.16 — Outstanding and exercisable at September 30, 20251,53012.43 2.225,604_______________(1)    Includes 485 options netted for option costs and 40 shares repurchased to cover taxes.2018 Employee Stock Purchase PlanIn the nine months ended September 30, 2025, employees purchased 0.5 million shares of our common stock at a weighted average price of $29.82 per share, resulting in $15.5 million of cash proceeds. At September 30, 2025, there was $1.6 million of employee contributions to the 2018 ESPP included in accrued compensation.

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The fair value of the 2018 ESPP purchase rights was estimated on the offering or modification dates using a Black-Scholes option-pricing model and the following assumptions:Nine Months Ended September 30,20252024Expected term (in years)0.5 — 2.00.5 — 2.0Expected volatility32.8% — 35.7%31.9% — 51.4%Risk-free interest rate3.6% — 3.9%3.8% — 5.1%Expected dividend yield——Under the evergreen provision in our 2018 ESPP, in January 2025 we reserved an additional 1.8 million shares of our common stock. At September 30, 2025, there were 11.2 million shares reserved for issuance under our 2018 ESPP.

11. Income Taxes

In the nine months ended September 30, 2025, the provision for income taxes included $3.5 million of income taxes in foreign jurisdictions in which we conduct business and $4.9 million of discrete items primarily related to withholding taxes on sales to customers. Income tax expense in the three months ended September 30, 2025 related to foreign jurisdictions, was reduced by a $3.2 million interim intraperiod allocation, which we expect to reverse in the three