Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 127

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 127
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4,430 
 Stock-based compensation expense   10,029   11,158 
 Capitalized to software and patent costs   30   63 
 Total stock-based compensation  $10,059  $11,221 

   The following table sets forth total unrecognized compensation costs related to non-vested stock-based awards granted under the Company’s stock incentive plans:

       December 31,    December 31,  
   2024    2023  
 Total unrecognized compensation costs  $16,226  $15,370 

   Total unrecognized compensation costs will be adjusted for any future forfeitures if and when they occur.
    
   The Company expects to recognize the total unrecognized compensation costs as of  December 31, 2024 for all non-vested stock-based awards over weighted average periods through  December 31, 2028 as follows:

       RSAs    RSUs    PRSUs  
 Weighted average period (in years)   1.01   1.33   1.32 

   As of  December 31, 2024, under the Company’s stock incentive plan, an additional 1,274 shares remained available for future grants.
    
   The Company issues new shares upon grants of RSAs and vesting of RSU and PRSU awards.
    
   Restricted Stock Awards Activity
    
   The following table presents the unvested balance of RSA activity:

           Weighted  
       Average  
   Number of    Grant Date  
   Shares    Fair Value  
 Unvested balance, December 31, 2022   196  $32.06 
 Granted   45  $22.10 
 Vested   (130) $30.18 
 Forfeited   (6) $34.89 
 Unvested balance, December 31, 2023   105  $29.89 
 Granted   45  $28.37 
 Vested   (84) $29.20 
 Forfeited   (7) $27.57 
 Unvested balance, December 31, 2024   59  $29.98 

   The fair value of RSAs vested is as follows:

       Year Ended December 31,