Company: NSTS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034806
Chunk: 81

Company: NSTS Bancorp, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 81
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5, the Company has 14,018 shares of restricted stock available for future grants under the 2023 Equity Plan. 
    
   The following is a summary of the status of the Company's restricted shares as of and for the periods presented. 

     Restricted Stock   Shares    Weighted Average Grant Date Fair Value  
         
 Non-vested balance as of June 30, 2024   142,400  $9.36 
 Granted   —   — 
 Vested   —   — 
 Forfeited   —   — 
 Non-vested balance as of September 30, 2024   142,400  $9.36 
         
 Non-vested balance as of June 30, 2025   116,480  $9.63 
 Granted   —   — 
 Vested   —   — 
 Forfeited   —   — 
 Non-vested balance as of September 30, 2025   116,480  $9.63 

     Restricted Stock   Shares    Weighted Average Grant Date Fair Value  
         
 Non-vested balance as of December 31, 2023   178,000  $9.36 
 Granted   —   — 
 Vested   35,600   9.36 
 Forfeited   —   — 
 Non-vested balance as of September 30, 2024   142,400  $9.36 
         
 Non-vested balance as of December 31, 2024   151,740  $9.57 
 Granted   —   — 
 Vested   33,260   9.36 
 Forfeited   2,000   9.36 
 Non-vested balance as of September 30, 2025   116,480  $9.63 

   Expected future expense related to the non-vested restricted shares outstanding as of period end is $1.0 million over a weighted average period of 2.9 years. 
    
   The following table presents the stock based compensation expense for the periods presented. 

       Three Months Ended September 30,    Nine months ended September 30,  
   2025    2024    202