Company: LASR
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001124796-25-000021
Chunk: 65

Company: NLIGHT, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 65
---
 31, 2024508 478 359 

57

PRSUs vest after the conclusion of the performance period, subject to the employee's continuing service.The fair value of the PRSUs was measured on the grant date using a Monte Carlo simulation model utilizing several key assumptions, including the following:Fiscal Year Ended December 31, 2024(1)2023(1)2022Expected share price volatility (nLIGHT)54.5% - 56.4%58.5% - 59.7%65.2%Expected share price volatility (peer group)54.1% - 55.5%56.1% - 57.8%62.6%Expected correlation to peer group companies52.4% - 61.6%53.8% - 60.0%54.1%Risk-free rate of return3.45% - 4.55%3.89% - 4.75%2.83%(1) Certain years have up to three unique PRSU grant dates. The given range encompasses all valuation assumptions used on the unique grant dates.Stock OptionsStock option activity was as follows (in thousands, except weighted-average exercise prices): Number of OptionsWeighted-Average Exercise Price per ShareWeighted-Average Remaining Contractual Term (Years)Aggregate Intrinsic ValueOutstanding, December 31, 20231,398 $1.242.5$17,142Options exercised(539)0.93 5,694 Outstanding, December 31, 2024859 1.43 2.07,783 Options exercisable at December 31, 2024859 1.43 2.07,783 Options vested as of December 31, 2024, and expected to vest after December 31, 2024859 1.43 2.07,783 Total intrinsic value of options exercised for the years ended December 31, 2024,  2023 and 2022 was $5.7 million, $4.2 million and $7.7 million, respectively. We received proceeds of $0.5 million, $0.6 million and $1.2 million from the exercise of options for each of the years ended December 31, 2024,  2023 and  2022, respectively.Employee Stock Purchase PlanInformation related to activity under our Employee Stock Purchase Plan (ESPP) was