Company: SOBR
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001477932-25-002746
Chunk: 1020

Company: SOBR Safe, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 7
Chunk 1020
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4.4 years  $2,354.00  $- 

 F-22Table of Contents

Restricted Stock Units The Plan provides for the grant of RSUs. RSUs are settled in shares of the Company’s common stock as the RSUs become vested. During the year ended December 31, 2024, the Company granted no service based RSUs to executive officers and employees and no service based RSUs to directors. During the year ended December 31, 2023, the Company granted 135 service based RSUs to executive officers and employees and no service based RSUs to directors. All RSUs granted in 2023 vest during various periods between November 2023 and January 2026. The following table summarizes RSU activity under the Plan:   RSUs  Weighted AverageGrant Date Fair Value Per Share  Weighted AverageVesting Period  Unvested at December 31, 2022   346  $  2,387.00  0.7 years Granted   135    1,298.00   - Vested   (287)    2,090.00    Unvested at December 31, 2023  194  $2,068.00  1.7 years Granted  -   -   - Vested  (104)  2,387.00    - Unvested at December 31, 2024  90  $1,683.00  1.0 years   For the years ended December 31, 2024, and 2023, the Company recorded in stock-based compensation expense $62,095 and $641,043, respectively, of RSU based compensation. The fair value of RSUs granted during the years ended December 31, 2024, and 2023 was none and $174,062, respectively. As of December 31, 2024, total unrecognized compensation costs of RSUs granted and outstanding but not yet vested was $62,095 which is expected to be recognized over 12 months.  Executive Officers Stock Options and RSUs The Company had 701 vested and 251 unvested outstanding executive officers stock options exercisable at $528 to $2,552 per share with a weighted average remaining contractual life of 6.2 years as of December 31,