Company: ONEW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001772921-25-000040
Chunk: 112

Company: OneWater Marine Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 112
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 number of shares of Class A common stock that may be issued under the ESPP will increase by a number of shares equal to the least of (i) 1% of the outstanding shares on the Adoption Date, or (ii) such lesser number of shares (including zero) that the administrator determines for purposes of the annual increase for that fiscal year. The number of shares of Class A common stock that may be granted to any single participant in any single option period will be subject to certain limitations set forth in the plan.The Company recorded equity-based compensation for the ESPP of $0.1 million during the three months ended June 30, 2025 and 2024 and $0.4 million during the nine months ended June 30, 2025 and 2024. As of June 30, 2025 and September 30, 2024, the Company had current liabilities of $0.6 million and $0.3 million, respectively, for future purchases of shares under the ESPP. During the nine months ended June 30, 2025 and 2024, 36,167 and 25,493 shares were issued under the ESPP at an average share price of $14.77 and $28.72, respectively.We used a Black-Scholes model to estimate the fair value of the options granted to purchase shares issued pursuant to the ESPP. Volatility is based on the historical volatility of our common stock. The risk-free rate for periods within the contractual term of the options is based on the U.S. Treasury yield curve in effect at the time of grant.The following are the assumptions used for the periods ended June 30, 2025 and 2024:20252024Dividend yield0.0%0.0%Risk-free interest rate4.3 - 5.4%5.2 - 5.5%Volatility55.0 - 65.5%37.6 - 62.7%Expected lifeSix monthsSix monthsDistributionsDuring the nine months ended June 30, 2025 and 2024, the Company made distributions to OneWater Unit Holders for certain permitted tax payments. Non-Controlling Interest

As discussed in Note 1, OneWater Inc consolidates the financial results of OneWater LLC and its subsidiaries. Prior to March 31, 2025, OneWater Inc reported non-controlling interests attributable to the portion of OneWater LLC Units not owned by OneWater Inc. Holders of