Company: FORA
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001140361-25-042313
Chunk: 22

Company: Forian Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 22
---
$2.30 

   The 1,626,248 of unvested awards at September 30, 2025 consisted of restricted stock units.  
  
   Stock Options
   
   The fair value of the stock options was estimated at Level 3 in the fair value hierarchy using the Black-Scholes option pricing model and the assumptions used in calculating the fair value of stock-based awards represent management’s best estimates and involve inherent uncertainties and the application of management’s judgement. The assumptions used to calculate the grant date fair value of the options granted during the nine months ended September 30, 2025 and 2024, are as follows:  
                For the Nine Months Ended September 30,       2025    2024      Exercise Price    $1.90 to $2.06    $2.60 to $3.69      Fair value of Company common stock    $1.90 to $2.06    $2.60 to $3.69      Dividend yield    0%    0%      Expected volatility    71% to 75%    77% to 79%      Risk Free interest rate    3.90% to 4.20%    3.80% to 4.20%      Expected life (years) remaining    6.10 to 6.25    6.10 to 6.25   

  21
  

 The following summarizes option activity under the Company’s stock plan for the nine months ended September 30, 2025 and for the year ended December 31, 2024:  

      Shares Underlying Options

      Weighted Average Exercise Price

      Outstanding at January 1, 2024

      3,840,544 
     $7.12 

      Granted

      483,500 
     $2.79 

      Exercised

      (14,375) 
     $2.98 

      Forfeited and expired

      (357,873) 
     $7.49 

      Outstanding at December 31, 2024

      3,951,796 
     $6.47 

      Granted

      176,000 
     $2.04 

      Exercised

      (7