Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 535

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 535
---
 grants. The simplified method is based on the average of the vesting tranches and the contractual life of each grant. The Company believes the use of the simplified method is appropriate due to the employee stock options qualifying as “plain-vanilla” options under the criteria established by SAB Topic 14. |

| (2) | The risk-free rate was based on the United States bond yield rate at the time of grant of the award, whose term is consistent with expected life of the stock options. |

| (3) | Based on historical experience over a term consistent with the expected life of the stock options. |

| (4) | Expected annual rate of dividends is based on the fact that the Company has never paid cash dividends and does not expect to pay any cash dividends in the foreseeable future. |

Share-based compensation expense is not adjusted for estimated forfeitures but instead adjusted upon an actual forfeiture of a stock option. Amounts recorded for forfeited or expired unexercised options are accounted for in the year of forfeiture.

F- 50

Restricted Stock Units: Restricted Stock Units (“RSUs”) grant the Participant the right to receive a certain number of shares of Common Stock, a cash payment equal to the Fair Market Value of that number of shares of Common Stock (determined as of a specified date), or a combination thereof, based on the terms and conditions of the award, as determined by the Plan Administrator. Upon termination of employment (or service as a non-employee director or consultant), unvested RSUs shall be forfeited. RSUs represent a right to receive a single common share. Vesting of RSU awards is generally subject to a 3-year service period and effective October 18, 2024, also subject to a performance condition. Accordingly, stock-based compensation is recognized upon satisfaction of the service and performance condition. The Company granted 126,500,031 RSUs and 54,357,244 RSUs during the years ended December 31, 2024 and 2023, respectively. A summary of RSU activity as of December 31, 2024 and December 31, 2023 is as follows:

| ​                                           
 ​                                           
 ​                                           
 (In Thousands except for per share amounts) | ​ 
 ​ |       ​ 
       ​ 
   RSU’s | ​ 
 ​ | ​                           
 Weighted-Average Grant Date 
 Fair Value per              
 Share                       |    ​ |
|:--------------------------------------------|:--|--------:|:--|