Company: DMRC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026996
Chunk: 15

Company: Digimarc CORP
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 15
---
   3   54   20 
 Total stock-based compensation  $3,820  $2,409  $5,085  $5,257 

   The following table sets forth total unrecognized compensation costs related to non-vested stock-based awards granted under the Company’s stock incentive plan:

       June 30,    December 31,  
   2025    2024  
 Total unrecognized compensation costs  $18,892  $16,226 

   Total unrecognized compensation costs will be adjusted based on updates to the estimated future achievement of performance conditions on PRSU awards as well as for any future forfeitures if and when they occur.

       12

        DIGIMARC CORPORATION

        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

        (In thousands, except per share data)

        (UNAUDITED)

   The Company expects to recognize the total unrecognized compensation costs as of  June 30, 2025, for all non-vested stock-based awards over weighted average periods through  June 30, 2029, as follows:

       RSAs    RSUs    PRSUs  
 Weighted average period (in years)   1.05   1.60   1.70 

   As of  June 30, 2025, under the Company’s stock incentive plan, an additional 2,345 shares remained available for future grants. The Company issues new shares upon the grants of RSAs and vesting of RSU and PRSU awards.
    
   Restricted Stock Awards Activity
    
   The following table presents the unvested RSA activity:

           Weighted  
       Average  
   Number of    Grant Date  
 Three Months Ended June 30, 2025:   Shares    Fair Value  
 Unvested balance at March 31, 2025   50  $27.85 
 Granted   47  $12.89 
 Vested   (23) $28.91 
 Forfeited   —  $— 
 Unvested balance at June 30, 2025   74  $18.15 

           Weighted  
       Average  
   Number of    Grant Date  
 Six Months Ended June 30, 2025: