Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 198

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 18
Chunk 198
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 The simplified method defines the expected term of an option
as the average of the contractual term of the options and the weighted average vesting period for all option tranches. The dividend yield
reflects the Company’s dividend rate on the date of grant. During the years ended December 31, 2024 and 2023, Newegg Inc. did
not grant any stock options representing the right to purchase Newegg Inc. Common Stock.

The following table summarizes the activity
for all stock options granted:

                                                                         Weighted                           Aggregate                    
                                                                         average                            intrinsic                    
                                                                         exercise                           Value                        
                                                                         price                              (in thousands)               
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Outstanding at January 1, 2022                          3,270,020      $             12.00      7.30      $                   639,131  
  Exercised                                               ( 315,268                    12.20                                             
  Grant                                                           —                                                                      
  Forfeited or expired                                      ( 2,982                    14.60                                             
  Outstanding at December 31, 2022                        2,951,770      $             12.00      6.46      $                   42,143   
  Exercised                                               ( 108,940                    11.00                                             
  Grant                                                           —                                                                      
  Forfeited or expired                                     ( 21,756                    11.00                                             
  Outstanding at December 31, 2023                        2,821,074      $             11.93      5.42      $                   37,431   
  Exercised                                             ( 1,104,673                     8.80                                             
  Grant                                                           —                                                                      
  Forfeited or expired                                     ( 58,549                    11.00                                             
  Outstanding at December 31, 2024                        1,657,852      $             14.02      5.46      $                   —        
  Vested and expected to vest at December 31, 2024        1,657,852      $             14.02      5.46      $                   —        
  Exercisable at December 31, 2024                        1,657,852      $             14.02      5.46      $                   —        

During the year ended December 31,
2024, stock options were exercised for1