Company: BKTI
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001437749-25-016253
Chunk: 25

Company: BK Technologies Corp
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 Avg.    Wgt. Avg.    Wgt. Avg.      
       Exercise    Remaining    Grant Date    Aggregate  
   Stock    Price ($)    Contractual    Fair Value    Intrinsic  
 As of January 1, 2025   Options    Per Share    Life (Years)    ($) Per Share    Value ($)  
 Outstanding   285,100   13.65   7.72   6.39   5,884,764 
 Vested   109,840   15.23   6.25   5.46   2,093,685 
 Nonvested   175,260   12.66   8.63   6.97   3,791,078 
                     
 Period activity                     
 Issued   40,828   34.06   9.80   22.51   — 
 Exercised   1,200   12.23   —   6.36   23,914 
 Forfeited   2,340   12.97   —   6.18   — 
 Expired   2,220   15.49   —   5.99   — 
                     
 As of March 31, 2025                     
 Outstanding   320,168   16.25   7.77   8.45   7,354,353 
 Vested   127,360   14.79   6.47   5.77   3,111,690 
 Nonvested   192,808   17.22   8.63   10.22   4,242,663 

   Restricted Stock Units
    
   The Company recorded non-cash restricted stock unit compensation expense of $275 for the three months ended  March 31, 2025, compared with $121 for the same period last year.
    
   A summary of non-vested restricted stock under the Company’s non-employee director share-based incentive compensation plan is as follows:

           Weighted Average  
   Number of    Grant Date  
   Shares    Price per Share  
 Unvested as of January 1, 202