Company: LRHC
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112656
Chunk: 58

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 58
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 Price 
  
    Balance — December 31, 2024 
     1,191  
    $78.66 
  
    Granted 
     8,096  
     33.68 
  
    Expired or forfeited 
     (352) 
     60.42 
  
    Balance — March 31, 2025 
     8,935  
    $37.74 
  
    Granted 
     187  
     12.32 
  
    Expired or forfeited 
     (1,264) 
     41.28 
  
    Balance — June 30, 2025 
     7,858  
    $37.17 
  
    Granted 
     —  
     — 
  
    Expired or forfeited 
     (1,346) 
     42.02 
  
    Balance — September 30, 2025 
     6,512  
    $36.34 

On
February 1, 2025, a Restricted Stock Unit (“RSU”) covering 50 shares granted to the Company’s Chief Technology Officer
(“CTO”) vested. The Company withheld 15 shares to cover payroll tax withholding and issued 35 shares to the executive. The
Company also granted a new RSU to the CTO on February 1, 2025, which will vest on the first anniversary of the grant.

33

La
Rosa Holdings Corp. and Subsidiaries
Notes to the Unaudited Condensed Consolidated Financial Statements

During the nine months period ending September
30, 2025, the Company issued 8,258 RSUs to agents as part of our agent incentive plan and 25 RSU’s to our CTO as part of his employment
agreement.

For the three month periods ending September 30,
2025 and 2024, the Company recorded $48,952 and $7,426, respectively, of share-based compensation expense related to the RSUs. For the
nine months periods ending September 30, 2025 and 2024, the Company recorded $119,905 and $12,940, respectively, of share-based compensation
expense related to the RSUs. As of September 30, 2025, unrecognized compensation expense related to the awards was $263,835, to be expensed
over the next 1.6 years. The Company did not