Company: LASR
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001124796-25-000120
Chunk: 32

Company: NLIGHT, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 32
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 Restricted Stock Units                 (Thousands)Weighted-Average Grant Date Fair ValueBalance, December 31, 20241,904 $12.99 Granted1,143 15.40 Vested(865)14.39 Forfeited(42)13.81 Balance, June 30, 20252,140 13.69 Number of Restricted Stock Awards (Thousands)Weighted-Average Grant Date Fair ValueBalance, December 31, 202437 $33.66 Vested(37)33.66 Balance, June 30, 2025— — The total fair value of RSUs and RSAs vested during the six months ended June 30, 2025, was $12.4 million. 

13

Market-Based Performance Restricted Stock UnitsDuring the three months ended June 30, 2025, we granted the following market-based performance restricted stock units (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 PRSUs granted in 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 PRSUs granted in 2025 were measured using a Monte Carlo simulation model.  As of June 30, 2025, there were approximately 1.8 million PRSU awards outstanding.  Stock OptionsThe following table summarizes our stock option activity during the six months ended June 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(185)0.87Options canceled(2)5.38Outstanding, June 30, 2025672 1.571.912,162Options exercisable at June 30, 2025672 1.571.912,162Options vested as of June 30,