Company: GDOT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001386278-25-000064
Chunk: 80

Company: GREEN DOT CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 80
---
 service conditions was as follows for the six months ended June 30, 2025: SharesWeighted-Average Grant-Date Fair Value(In thousands, except per share data)Outstanding at December 31, 20243,077 $12.23 Restricted stock units granted2,538 7.97 Restricted stock units vested(1,184)14.03 Restricted stock units canceled(434)11.05 Outstanding at June 30, 20253,997 $9.12 

17

Table of ContentsGREEN DOT CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (CONTINUED)

Note 12—Stock-Based Compensation (continued)Performance-Based Restricted Stock UnitsPerformance-based restricted stock unit activity for the six months ended June 30, 2025 was as follows: SharesWeighted-Average Grant-Date Fair Value(In thousands, except per share data)Outstanding at December 31, 20241,569 $12.73 Performance restricted stock units granted111 7.83 Performance restricted stock units canceled(905)12.57 Outstanding at June 30, 2025775 $12.21 We grant performance-based restricted stock units to certain employees that are subject to the attainment of pre-established internal performance conditions, market conditions, or a combination thereof (collectively referred to herein as "performance-based restricted stock units"). The actual number of shares subject to the award is determined at the end of the performance period and may range from 0% to 200% of the target shares granted depending upon the terms of the award. Compensation expense related to these awards is recognized using the accelerated attribution method over the vesting period based on the grant date fair value of the award.

Note 13—Loss per Common Share

The calculation of basic and diluted loss per share ("EPS") was as follows: Three Months Ended June 30,Six Months Ended June 30, 2025202420252024(In thousands, except per share data)Basic loss per Class A common shareNumerator:Net loss$(47,025)$(28,715)$(21,252)$(23,965)Denominator:Weighted-average Class A shares issued and outstanding55,127 53,452 54,746 53,197 Basic loss per Class A common share$(0.85)$(0.54)$(0.39)$(0.45)D