Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 36

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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     -  
    $- 

As of September 30, 2025, there was no unrecognized
share-based compensation expense related to unvested options.

A summary of option activity under the employee
share option plan as of September 30, 2024, and changes during the year then ended is presented below.

    Options  
    Shares of Stock 

    No. of Options  
    Weighted Average Price  
    No. of Shares  
    Weighted Average Price  
    Total 
  
    Balance available under the plan on January
    1, 2024 
     2,162  
     —  
     —  
     —  
     2,162 
  
    Granted 
     (111) 
     443  

     (111)
  
    Cancelled/expired 
     224  

     224 
  
    Issued 
     —  
     —  
     —  
     —  
     — 
  
    Balance available under the plan on September 30, 2024 
     2,275  

     2,275 

The following table summarizes the activities for our unvested options
for the period ended September 30, 2024

    Number of  
    Weighted  average Grant Date  Fair Value 

    Shares  
    Per Share 
  
    Unvested on January 1, 2024 
     544  
    $996 
  
    Vested 
     (203) 
     936 
  
    Forfeited 
     (71) 
     1050.78 

    Unvested on September 30, 2024

    270

    $
    996

Schedule of assumptions

  Fair value assumptions  2025   2024   Expected volatility   231%   45%-52 %  Expected terms (in years)   5    2   Risk-free interest rate   3.7%   2.18%-3.57 %  Dividend yield   0%   0% 

29

HEALTHCARE TRIANGLE, INC.

Notes To Condensed Consolidated Financial Statements

(Unaudited)

(In thousands except share and per share data)

7) Net Income