Company: UAA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001336917-25-000136
Chunk: 48

Company: Under Armour, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 is based on the yield for the U.S. Treasury bill with a maturity equal to the expected life of the stock option. Expected volatility is based on the Company's historical average. A summary of the assumptions used to determine grant date fair value of the Company's options granted during the three months ended June 30, 2025 is presented below. No options were granted during the three months ended June 30, 2024.Three months ended June 30, 2025Weighted-average fair value of options granted$3.40 Weighted-average assumptions used:Expected volatility51.7 %Expected dividend yield0.0 %Expected life6.25 yearsRisk-free rate4.18 %Exercise price$6.20 

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Restricted Stock and Restricted Stock Unit AwardsA summary of the Company's restricted stock and restricted stock unit awards activity for the three months ended June 30, 2025 is presented below: Number of Restricted SharesWeighted AverageGrant Date Fair ValueOutstanding at March 31, 202522,976 $7.58 Granted8,478 5.79 Forfeited(1)(965)7.99 Vested(3,849)8.24 Outstanding at June 30, 202526,640 $6.91 (1) Includes 0.5 million of performance-based restricted stock units awarded to certain executives and key employees under the 2005 Plan during Fiscal 2023, which have been fully forfeited due to the failure to meet the financial performance conditions.The awards outstanding at June 30, 2025 in the table above includes the following performance-based restricted stock units that were awarded to certain executives and key employees under the 2005 Plan:•2.0 million of performance-based restricted stock unit awards with market conditions that were awarded to the Company's President and CEO under the 2005 plan during the three months ended June 30, 2025. These awards have a weighted average fair value of $4.52 and have vesting that is tied to the achievement of certain stock price targets for the Company's Class C Common Stock. The fair value of these awards was determined on the grant date using a Monte Carlo simulation model.•2.0 million of performance-based restricted stock unit awards with market conditions that were awarded to the Company's President and CEO under the 2005 plan during Fiscal 2025. These awards have a weighted average fair value of $4.13