Company: OXBRW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001493152-25-021063
Chunk: 79

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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 at September 30, 2025 
     380,938  
    $5.96  
    4.49 years 
    $- 

Compensation
expense recognized for the three-month periods ended September 30, 2025 and 2024 totaled $7,755
and $5,000,
respectively and for the nine-month periods ended September 30, 2025 and 2024 totaled $8,000
and $15,000,
respectively. Compensation expense is included in general and administrative expenses. At September 30, 2025 and 2024, there
was approximately $116,322
and $5,000, respectively,
of total unrecognized compensation expense related to non-vested stock options granted under the Plans.

During the nine-month period ended September 30, 2025 the Company granted 75,000 options with fair value estimated
on the date of grant using the following assumptions and the Black-Scholes option pricing model:

SCHEDULE
OF FAIR VALUE ESTIMATED AND BLACK SCHOLES OPTION PRICING

    2025 

    Expected dividend yield 
     0%
  
    Expected volatility 
     90%
  
    Risk-free interest rate 
     4.17%
  
    Expected life (in years) 
     7 
  
    Per share grant date fair value of options issued 
    $1.65 

At the time of the grant, the dividend yield was based on the Company’s history and expectation of dividend
payouts at the time of the grant; expected volatility was based on volatility of common stock for one year lookback from grant date; the
risk-free rate was based on the U.S. Treasury yield curve in effect. The Company examined its historical pattern of option exercises
in an effort to determine if there were any pattern based on certain employee populations. From this analysis, the Company could not identify
any patterns in the exercise of options. As such, the Company used the guidance in the SEC’s Staff Accounting Bulletin No. 107 to
determine the estimated life of options issued.

During
the nine-months period ending September 30, 2025, 180,000
options expired and a total of 290,000
outstanding share options were “net” exercised. 112,841
shares were withheld by the Company for payment of the exercise price at a share price of $5.14.
The remaining net