Company: LASR
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001124796-25-000154
Chunk: 34

Company: NLIGHT, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 34
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 the following market-based performance restricted stock units ("2025 PRSUs") under our equity incentive plan (in thousands, except weighted-average grant date fair value):Fiscal Year Granted 2025Performance periodMay 9, 2025 - March 31, 2028Weighted-average grant date fair value$23.33Number of awards granted 505The 2025 PRSUs granted during the three months ended June 30, 2025 will vest after the conclusion of the performance period, subject to the participants' continuing service, and are similar in all material aspects to the market-based PRSUs granted in prior years, as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2024. The grant date fair value of the 2025 PRSUs was measured using a Monte Carlo simulation model. As of September 30, 2025, there were approximately 3.6 million PRSU awards outstanding.  Stock OptionsThe following table summarizes our stock option activity during the nine months ended September 30, 2025: Number of Options (Thousands)Weighted-Average Exercise PriceWeighted-Average Remaining Contractual Term (Years)Aggregate Intrinsic Value (Thousands)Outstanding, December 31, 2024859 $1.432.0$7,783Options exercised(209)0.94Options canceled(2)5.38Outstanding, September 30, 2025648 1.571.618,183Options exercisable at September 30, 2025648 1.571.618,183Options vested as of September 30, 2025, and expected to vest after September 30, 2025648 1.571.618,183Total intrinsic value of options exercised for the nine months ended September 30, 2025 and 2024, was $2.3 million and $2.7 million, respectively. We received proceeds of $0.2 million and $0.2 million from the exercise of options for the nine months ended September 30, 2025 and 2024, respectively.Stock-Based CompensationTotal stock-based compensation expense was included in our Consolidated Statements of Operations as follows (in thousands):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Cost of revenues$615 $629 $1,783 $1,829 Research and development2,560 2,046