Company: DMRC
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034816
Chunk: 18

Company: Digimarc CORP
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 18
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 December 31, 2024   406  $28.27 
 Granted   673  $13.09 
 Vested   (267) $18.81 
 Forfeited   (196) $26.30 
 Unvested balance at September 30, 2025   616  $14.83 

       13

        DIGIMARC CORPORATION

        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

        (In thousands, except per share data)

        (UNAUDITED)

   The fair value of RSU awards vested is as follows:

       Three Months Ended September 30,    Nine Months Ended September 30,  
   2025    2024    2025    2024  
 Fair value of RSU awards vested  $1,082  $1,356  $4,119  $4,403 

   Performance Restricted Stock Units Activity
    
   The following table presents the unvested PRSU award activity:

           Weighted  
       Average  
   Number of    Grant Date  
 Three Months Ended September 30, 2025:   Shares    Fair Value  
 Unvested balance at June 30, 2025   560  $18.49 
 Change in units based on performance expectations   —  $— 
 Granted   3  $8.81 
 Vested   —  $— 
 Forfeited   (39) $18.18 
 Unvested balance at September 30, 2025   524  $18.45 

           Weighted  
       Average  
   Number of    Grant Date  
 Nine Months Ended September 30, 2025:   Shares    Fair Value  
 Unvested balance at December 31, 2024   215  $32.08 
 Change in units based on performance expectations   (5) $42.43 
 Granted   421  $15.20 
 Vested   (49) $42.43 
 Forfeited   (58) $23.04 
 Unvested balance at September 30, 2025   524  $18.45 

   The fair value of