Company: UFPT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001171843-25-005268
Chunk: 15

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 15
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			73,232

			$
			67.15

			Granted

			-

			-

			Exercised

			(9,945
			)

			37.83

			Outstanding at June 30, 2025

			63,287

			$
			71.75

			4.52

			$
			10,961

			Exercisable at June 30, 2025

			63,287

			$
			71.75

			4.52

			$
			10,961

			Vested and expected to vest at June 30, 2025

			63,287

			$
			71.75

			4.52

			$
			10,961

During the six months ended June 30, 2025 and 2024, the total intrinsic value of all options exercised (i.e., the difference between the market price and the price paid by the employees to exercise the options) was approximately $2.2 million and $1.5 million, respectively, and the total amount of consideration received by the Company from the exercised options was approximately $376 thousand and $212 thousand, respectively. At its discretion, the Company allows option holders to surrender previously owned common stock in lieu of paying the exercise price and withholding taxes. During the six months ended June 30, 2025, 748 shares were surrendered at an average market price of $282.42. During the six months ended June 30, 2024, 653 shares were surrendered at an average market price of $162.93.

Restricted Stock Unit awards

The following table summarizes information about RSU activity during the six months ended June 30, 2025:

			Restricted Stock Units

			Weighted Average
			Grant Date
			Fair Value

			Outstanding at December 31, 2024

			80,827

			$
			98.79

			Awarded

			52,906

			259.86

			Shares vested

			(43,296
			)

			119.05

			Shares forfeited

			(1,405
			)

			136.28

			Outstanding at June 30, 2025

			89,032