Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 280

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 280
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PP will never be less than 85% of the fair market value of the lesser of our Common Stock on the offering date or purchase date. The Compensation, Corporate Governance and Nominating Committee of our Board, in its discretion, may terminate the ESPP at any time with respect to any shares for which options have not been granted and has the right to amend the ESPP with stockholder approval within 12 months before or after the adoption of the amendment. The difference between the Common Stock’s fair value and the employee’s discounted purchase price is expensed at the time of purchase. The following table summarizes the Company’s ESPP activity from inception through September 30, 2025:Nine Months Ended September 30, 2025Year Ended December 31, 2024Offering PeriodTotalOffering PeriodTotalCommencement date4/1/20254/1/202510/1/202410/1/20244/1/202410/1/2023End date9/15/20256/15/20253/15/202512/15/20249/15/20243/15/2024Shares purchased6 9 4 19 5 10 5 20 Weighted average share price$10.77 $9.40 $10.97 $10.16 $11.03 $10.21 $9.83 $10.32 Total purchased, net of discount$62 $80 $48 $190 $55 $101 $51 $207 The ESPP share activity is as follows:SharesESPP shares authorized under the plan200 ESPP shares purchased during:Year ended December 31, 2023 (4)Year ended December 31, 2024(20)Period ended September 30, 2025(19)Available for future purchases, September 30, 2025157 

The Company’s total stock-based compensation expense included within Salaries and employee benefits expense in the Consolidated Statements of Income for the three and nine months ended September 30, 2025 and 2024 is summarized below:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Restricted stock awards$611 $913 $3,972 $2,244 ESPP8 5 36 17 Total compensation cost recognized for stock-based compensation plans$619 $918