Company: DMRC
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034816
Chunk: 16

Company: Digimarc CORP
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 16
---
,  
   2025    2024    2025    2024  
 Stock-based compensation:                 
 Cost of revenue  $336  $154  $726  $563 
 Sales and marketing   577   688   1,727   2,198 
 Research, development and engineering   1,244   648   2,872   1,911 
 General and administrative   1,708   1,212   3,571   3,267 
 Stock-based compensation expense   3,865   2,702   8,896   7,939 
 Capitalized to software and patent costs   61   5   115   25 
 Total stock-based compensation  $3,926  $2,707  $9,011  $7,964 

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

       September 30,    December 31,  
   2025    2024  
 Total unrecognized compensation costs  $15,491  $16,226 

   Total unrecognized compensation costs will be adjusted based on updates to the estimated future achievement of performance conditions on PRSU awards as well as for any future forfeitures if and when they occur.

       12

        DIGIMARC CORPORATION

        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

        (In thousands, except per share data)

        (UNAUDITED)

   The Company expects to recognize the total unrecognized compensation costs as of  September 30, 2025, for all non-vested stock-based awards over weighted average periods through  September 30, 2029, as follows:

       RSAs    RSUs    PRSUs  
 Weighted average period (in years)   1.06   1.47   1.41 

   As of  September 30, 2025, under the Company’s stock incentive plan, an additional 2,347 shares remained available for future grants. The Company issues new shares upon the grants of RSAs and vesting of RSU and PRSU awards.
    
   Restricted Stock Awards Activity
    
   The following table presents the unvested RSA