Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 446

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 446
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 Date Fair Value 

    Shares  
    Per Share 
  
    Unvested on January 1, 2023 
     67,778  
    $1.81 
  
    Granted 
     171,500  
     1.81 
  
    Vested 
     (88,039) 
     1.51 
  
    Forfeited 
     (16,801) 
     1.98 
  
    Unvested on December 31, 2023 
     134,438  
    $1.98 

The weighted-average grant date fair value of
options granted in the years ended December 31, 2024, and 2023 was $0.66 and $1.81, respectively. The fair value of the options that vested
during the years ended December 31, 2024, and 2023, was $8 and $310, respectively.

As of December 31, 2024, there was $53 of unrecognized
share-based compensation expense related to unvested options. This unrecognized compensation expense is expected to be recognized over
a weighted-average period of approximately 1 year based on vesting under the award service conditions.

The company issued and valued options using the Black-Scholes model
for all 2024 and 2023 issuances with the following significant assumptions.

    Fair value assumptions 
    2024  
    2023 
  
    Expected volatility 
     45%-52% 
     45%-52%
  
    Expected terms (in years) 
     4  
     4 
  
    Risk-free interest rate 
     4.70% – 5.70% 
     4.60%-5.46%
  
    Dividend Yield 
     0% 
     0%

The Company recognized compensation expenses related
to stock options of $87 during the year ended December 31, 2024, and $17 for the year ended December 31, 2023.

F-28

14) Net Income per share

The Company presents basic and diluted earnings
per share (“EPS”) data for its common stock. Basic EPS is calculated by dividing the net income attributable to stockholders
of the Company by the weighted average number of shares of common stock outstanding during the period. Diluted EPS is determined by adjusting
the net income attributable to stockholders of the Company and the weighted average number of shares