Company: FGI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001628280-25-040149
Chunk: 68

Company: FGI Industries Ltd.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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 initially determine which outcomes are probable and recognize the compensation cost over the longer of the explicit or implicit service period. The following table summarizes the Company's share option and RSU activity for the six months ended June 30, 2025:Share OptionsRSUsNumber ofOptionsWeightedAverageExercisePriceWeightedAverageGrant DateFairValueWeightedAverageRemainingContractualTermAverageIntrinsicValueNumber of RSUsWeightedAverageGrant DateFairValueUSDUSDYearsUSDUSDBeginning of period234,283$9.10 $4.81 117,912$13.53 Granted208,640$3.79 $2.75 166,766$4.05 Canceled(105,927)$7.50 $4.22 —Exercised or released—(12,444)$19.40 End of period336,996$6.32 $3.72 8.89$26,037 272,234$8.34 Vested and exercisable502,264$11.32 $5.60 7.22$— The table above gives retroactive effect to the Reverse Share Split of the Preference Shares and Ordinary Shares at a ratio of 1-for-5 that became effective July 31, 2025. See Note 9 “Shareholders' Equity” for details.For the six months ended June 30, 2025 and 2024, the total fair value of options awarded was $572,745 and $573,163, respectively.

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The aggregate intrinsic value in the table above represents the difference between the exercise price of the awards and the fair value of the underlying Ordinary Shares at each reporting date, for those awards that had exercise price below the estimated fair value of the relevant Ordinary Shares. Fair value of optionsThe Company used the Black-Scholes simplified method for the six months ended June 30, 2025 and 2024. The assumptions used to value the options granted to employees were as follows:April 2025March 2025April 2024March 2024Risk-free interest rate (%)4.24 4.05 4.54 4.21 Expected volatility range (%)83.92 82.15 55.32 55.11 Fair market value per ordinary share as at grant dates$2.45 $4.05 $6.60 $7.50 The table above gives retroactive effect to the Reverse Share