Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 70

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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 restricted stock awards as of September 30, 2025 and December 31, 2024 are outlined below:September 30, 2025December 31, 2024Shares outstanding related to grants of restricted stock awards508771Weighted average grant date fair value of awards$12.95$14.51Additional shares outstanding related to dividends on awards4859

As of September 30, 2025 and December 31, 2024, the Company’s total unrecognized compensation expense related to unvested shares of restricted stock granted was as follows:September 30, 2025December 31, 2024Unrecognized compensation expense on unvested awards$2,560$5,929Weighted-average period of unrecognized compensation expense1.2 years1.0 year

F-56

Employee Stock Purchase Plan (ESPP)On June 14, 2023, the Company's stockholders approved the ESPP. The initial aggregate number of shares of Common Stock that may be purchased under the ESPP will not exceed 0.2 million shares. Under the terms of the ESPP, employees may authorize the withholding of up to 15% of their eligible compensation to purchase our shares of Common Stock, not to exceed $25 thousand of Common Stock for any calendar year. The purchase price per shares acquired under the ESPP 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