Company: SOBR
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001477932-25-005544
Chunk: 54

Company: SOBR Safe, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 to increase the shares authorized under the Plan to 3,182. The Company generally recognizes share-based compensation expense either on the grant date or over the period of vesting or period that services will be provided. Stock Options As of June 30, 2025, and December 31, 2024, the Company had granted stock options to acquire 1,279 and 1,323 shares of common stock under the Plan, respectively. As of June 30, 2025, the Plan had 1,135 vested options and 144 non-vested options. As of December 31, 2024, the Plan had 1,048 vested options and 275 non-vested options. The stock options are held by our officers, directors, employees, and certain key consultants.  For the six months ended June 30, 2025, and 2024, the Company recorded $254,930 and $400,308, respectively, of share-based compensation expense related to stock options. For the three months ended June 30, 2025, and 2024, the Company recorded $115,252 and $185,910, respectively, of share-based compensation expense related to stock options. Unrecognized compensation expense as of June 30, 2025, was $218,870 which will be recognized over a weighted average period of 7.3 months.  During the six-month period ended June 30, 2025, the Company did not grant any stock options to directors, officers, employees or other third parties. The following table summarizes the changes in the Company’s outstanding stock options during the six-month period ended June 30, 2025:   Options Outstanding Number of Shares  Exercise PricePer Share  Weighted Average Remaining Contractual Life(Years)  Weighted Average Exercise Price  Aggregate Intrinsic Value Balance at December 31, 2024  1,323  $528.00-10,230.00   4.9  $2,178.70  $- Granted  -   -   -   -   - Exercised  -   -   -   -   - Expired/forfeited  (44) 748.00-2,376.00   3.0   1,562.00   - Balance at June