Company: ATLCL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015559
Chunk: 175

Company: Atlanticus Holdings Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 175
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,620) $31.96 
 Forfeited   (489) $30.75 
 Outstanding at March 31, 2025   307,736  $31.90 

    Stock Options
    
   The exercise price per share of the options awarded under the Fourth Amended 2014 Plan must be equal to or greater than the market price on the date the option is granted. The option period  may not exceed 10 years from the date of grant. We had expense of $0 million and $0.1 million related to stock option-related compensation costs during the three months ended  March 31, 2025 and 2024, respectively. When applicable, we recognize stock option-related compensation expense for any awards with graded vesting on a straight-line basis over the vesting period for the entire award. The table below includes additional information about outstanding options:

       Number of Shares    Weighted Average Exercise Price    Weighted Average of Remaining Contractual Life (in years)    Aggregate Intrinsic Value  
 Outstanding at December 31, 2024   160,391  $31.30         
 Issued   —  $—         
 Exercised   (300) $15.30         
 Expired/Forfeited   —  $—         
 Outstanding at March 31, 2025   160,091  $31.33   1.0  $3,173,576 
 Exercisable at March 31, 2025   160,091  $31.33   1.0  $3,173,576 

   No options were issued during the three months ended  March 31, 2025 and 2024. We had no unamortized deferred compensation costs associated with non-vested stock options at both  March 31, 2025 and  December 31, 2024. Upon exercise of outstanding options, the Company issues new shares.

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      ITEM 2. 
      MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 

The following discussion should be read in conjunction with our condensed consolidated financial statements and the related notes included therein and our Annual Report on Form 10-K for the year ended December 31, 2024, where certain terms have been defined