Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 954

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 7
Chunk 954
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 employees and directors pursuant to its 2021 Equity Incentive Plan.
These options vest ratably over a period of three years and expire ten years from the date of grant and the fair value of these
options were calculated using the Black-Scholes-Merton model.

    F-20

 Legacy
Education Inc.

Notes to Consolidated Financial Statements

For Fiscal Years ended June 30, 2025 and 2024

A
summary of the activity related to stock option units granted is as follows:

Summary of Stock Option
Units Granted

    Summary of Stock Options Outstanding 

    Total Options  
    Weighted Average Exercise Price per Option  
    Weighted Average Remaining Contractual Term (Years) 
  
    Outstanding as of June 30, 2023 
     400,000  
     1.54  
     4.14 
  
    Granted 
     1,425,171  
     3.74  
     10 
  
    Exercised 
     -  
     -  
     - 
  
    Forfeited, canceled, or expired 
     -  
     -  
     - 
  
    Outstanding as of June 30, 2024 
     1,825,171  
     3.26  
     8.30 
  
    Exercisable as of June 30, 2024 
     1,387,534  
     3.11  
     7.84 
  
    Granted 
     729,648  
     6.14  
     10 
  
    Exercised 
     (165,602) 
     2.26  
     - 
  
    Forfeited, canceled, or expired 
     -  
     -  
     - 
  
    Outstanding as of June 30, 2025 
     2,389,217  
     4.21  
     8.20 
  
    Exercisable as of June 30, 2025 
     1,506,764  
     3.42  
     7.51 

A
summary of the activity related to vested and unvested stock option units granted is as follows:

Summary
of Vested and Unvested Stock Options Units Granted

    Options Outstanding  
    Weighted Average