Company: JUSHF
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048797
Chunk: 62

Company: Jushi Holdings Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 62
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 options to purchase SVS of the Company. All stock options issued have been issued to directors and employees under the Company’s 2019 Plan. Such options generally expire ten years from the date of grant and generally vest ratably over three years from the grant date. The options generally may be net share settled. The following table summarizes the status of stock options and related transactions:Number of Stock OptionsWeighted-Average Per Share Exercise PriceIssued and Outstanding as of January 1, 202526,769,419 $0.79 Granted1,120,000 $0.42 Cancelled/forfeited/expired(3,444,834)$0.82 Issued and Outstanding as of September 30, 202524,444,585 $0.77 Exercisable as of September 30, 202518,507,055 $0.85 The fair value of the stock options granted was determined using the Black-Scholes option-pricing model. The following assumptions were used for the calculation at date of grant: Nine Months Ended September 30,20252024Weighted average stock price$0.41$0.56Weighted average expected stock price volatility92.8%86.9%Expected annual dividend yield0%0%Weighted average expected life5.1 years5.0 yearsWeighted average risk-free annual interest rate3.9%3.6%Weighted average grant date fair value$0.30$0.21

Share-based Compensation CostThe components of share-based compensation expense, net, are as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Stock options $261 $982 $187 $2,931 Restricted stock— — — 2 Warrants96 100 237 20 Total share-based compensation expense, net$357 $1,082 $424 $2,953 As of September 30, 2025, the Company had $951 of unrecognized share-based compensation cost related to unvested stock options and warrants, which is expected to be recognized as share-based compensation cost over a weighted average period of 2.0 years.

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Table of ContentsJUSHI HOLDINGS INC. Notes to the Unaudited Condensed Consolidated Financial Statements(Amounts Expressed in Thousands of U.S. dollars, Except Share and Per Share Amounts)

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