Company: ACCS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000843006-25-000012
Chunk: 156

Company: ACCESS Newswire Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 10
Chunk 156
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 stock options. All options have been registered with the SEC. 

 F-23Table of Contents

The following is a summary of restricted stock units issued during the years ended December 31, 2024 and 2023:   Number of RSUs Outstanding  Weighted Average Grant DateFair Value  Aggregate Intrinsic Value Balance on December 31, 2022  50,740  $25.00  $1,268,500 Units granted  74,832   26.08   1,951,619 Units vested/issued  (21,490 )  25.24   (542,408 )Units forfeited  (9,250 )  23.87   (220,798 )Balance on December 31, 2023  94,832  $25.90  $2,456,149 Units granted  43,666   12.41   541,932 Units vested/issued  (18,999 )  20.26   (384,830 )Units forfeited  (24,333 )  25.85   (628,984 )Balance on December 31, 2024  95,166   20.85   1,984,267  During the year ended December 31, 2024, the Company granted 43,666 shares of restricted stock units to employees, contractors and the Board of Directors, which vest at various intervals over the next 3 years. The average grant date fair value of these grants was $12.41 per share during the year ended December 31, 2024. During the year ended December 31, 2024, 18,999 restricted stock units with a grant date average intrinsic value of $20.26 per share, vested. As of December 31, 2024, there was $830,000 of unrecognized compensation cost related to our unvested restricted stock units, which will be recognized through 2027.  During the years ended December 31, 2024 and 2023, the Company recorded compensation expense of $684,000 and $1,365,000, respectively, related to stock options and restricted stock units.

Note 10: Leases Leasing activity generally consists of office leases. In March 2019, a lease was signed to move the corporate headquarters