Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 468

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 3
Chunk 468
---
 were 745 shares
of restricted common stock vested as of December 31, 2024 and no RSUs
vested as of December 31, 2023.

The
following table summarizes restricted stock activity for the 2023 Plan:

Schedule
of Restricted Stock Activity

    Number of Awards  
    Weighted Average Grant Date Fair Value Per Unit 
  
    Outstanding at December 31, 2023 
     745  
    $551 
  
    Granted 
     745  
    $284 
  
    Cancelled/forfeited 
     (745) 
    $(551)
  
    Vested 
     (745) 
    $(284)
  
    Outstanding at December 31, 2024 
     -  
    $- 

Stock
Options

The
Company estimates the fair value of each option award on the date of grant using the Black-Scholes option-pricing model. The Company
then recognizes the grant date fair value of each option as compensation expense ratably using the straight-line attribution method over
the service period (generally the vesting period). The Black-Scholes model incorporates the following assumptions:

    ●
    Expected
    volatility – the Company estimates the volatility of the share price of their peer companies at the date of grant using a “look-back”
    period which coincides with the expected term, defined below. The Company believes using a “look-back” period which coincides
    with the expected term is the most appropriate measure for determining expected volatility.

    ●
    Expected
    term – the Company estimates the expected term using the “simplified” method outlined in SEC Staff Accounting Bulletin
    No. 107, “Share-Based Payment.”

    ●
    Risk-free
    interest rate – the Company estimates the risk- free interest rate using the U.S. Treasury Yield curve for periods equal to
    the expected term of the options in effect at the time of grant.

    ●
    Dividends
    – the Company uses an expected dividend yield of zero because the Company has not declared nor paid a cash dividend, nor are
    there any plans to declare a dividend.

The
Company estimated the fair value of stock options granted in the periods presented using a Black-Scholes option-pricing model utilizing
the following assumptions:

Schedule of Fair Value
of Stock Option Granted 

    For the year ended December 31, 

    2024