Company: PERI
Filing Date: 2025-03-25
Form Type: 20-F
Source: 0001178913-25-001021
Chunk: 181

Company: Perion Network Ltd.
Filing Date: 2025-03-25
Form: 20-F
Item: Item 18
Chunk 181
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34
                              3,217,921                   86.65                 $0.47           250,710                    2.19                 $6.07

The following table summarizes additional information regarding outstanding and exercisable performance-based RSUs under the Company's share Option Plan as of December 31, 2024:
 
    
                                                                      Outstanding                                                                                                 Exercisable                                             
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Range                 Number of                  Weighted                                                Weighted                    Number              Weighted                                                Weighted                 
of exercise price     RSUs                       average remaining contractual life (years)              average exercise price      RSUs                average remaining contractual life (years)              average exercise price   
$-                           1,023,202           99.22                                                   $-                                -                                     -                               $-                       

The Company recognized share-based compensation expenses related to its share-based awards in the consolidated statements of income as follows:
 
   
                                                           Year                         
                                                    ended December 31,                  
----------------------------------------------------------------------------------------
                             2024                  2023                  2022           
Cost of revenue                       $2,424                  $942                  $443
Research and development               5,797                 3,559                 2,327
Selling and marketing                  9,592                 8,345                 5,963
General and administrative             9,399                 5,194                 4,583
Total                                $27,212               $18,040               $13,316

As of December 31, 2024, there was $19,765 of unrecognized compensation cost related to RSUs. These amounts are expected to be recognized over a weighted-average period of 1.46 years related to RSUs. To the extent the actual forfeiture rate is different from what has been estimated, share-based compensation related to these awards will differ from the initial expectations.

F - 40

PERION NETWORK LTD. AND ITS SUBSIDIARIES
 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
 U.S. dollars in thousands (except share and per share data)
 
   
NOTE         FINANCIAL      
14:    INCOME (EXPENSE), NET
----------------------------

                                                                                 Year                             
                                                                          ended December 31,                      
------------------------------------------------------------------------------------------------------------------
                                                    2024                  2023                  2022              
Financial                                                                                                         
income:                                                                                                           
Interest                                                    $18,988               $20,728               $4,993    
income                                                                                                            
Amortization/accretion                                        1,257                 1,147