Company: INGN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029993
Chunk: 113

Company: Inogen Inc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 113
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 using the Black-Scholes option pricing model. During the years ended December 31, 2024, 2023 and 2022, the Company did not grant any stock option awards.  The following table displays the assumptions that have been applied to estimate the fair value of the Company’s shares to be issued under the ESPP using the Black-Scholes option pricing model.  

        2024

        2023

        2022

        Expected term (years)

        0.50

        0.50

        0.50

        Risk free interest rate
         
        4.33-5.29%

        3.51-5.36%

        0.07-3.51%

        Expected dividend yield
         
        None

        None

        None

        Volatility
         
        52.85-95.80%

        47.97-71.53%

        47.97-59.21%

       For the year ended December 31, 2024, the Company granted certain RSU awards based on achievement of the market condition total shareholder return (TSR) relative to an objectively selected group of industry peers over a three-year period, with payouts ranging from zero to 120 percent of the target award. The fair value of the TSR component of the awards was $6.94 per share for the 2024 awards determined on the grant date using a Monte Carlo simulation model based on the following assumptions:

        2024

        Expected term (years)

        3.0

        Dividend yield

        —

        Volatility factor

        67.02
        %

        Risk free interest rate

        4.40
        %

 F-33

9. Commitments and contingencies Purchase obligationsThe Company had approximately $58,400 of outstanding purchase orders due within one year with its outside vendors and suppliers as of December 31, 2024.  The Company has $672 and $2,057 accrued within accounts payable and other accrued expenses in the consolidated balance sheet as of December 31, 2024 and 2023, respectively, related to estimated losses for firm commitment contractual obligations under these agreements. Losses on these firm commitment contractual obligations are recognized based upon the terms of the respective agreement and similar factors considered for the write-down of inventory, including expected sales requirements as determined by internal sales forecasts.Warranty obligation The following table identifies the changes in