Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 348

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 348
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1.98 
  
    Granted 
     20,000  
     0.66 
  
    Vested 
     (75,828) 
     1.50 
  
    Forfeited 
     (42,761) 
     2.30 
  
    Unvested on December 31, 2024 
     35,849  
    $1.88 

The following table summarizes the activities for our unvested options
for the year ended December 31, 2023

    Number of  
    Weighted average Grant Date Fair Value 

    Shares  
    Per Share 
  
    Unvested on January 1, 2023 
     67,778  
    $1.81 
  
    Granted 
     171,500  
     1.81 
  
    Vested 
     (88,039) 
     1.51 
  
    Forfeited 
     (16,801) 
     1.98 
  
    Unvested on December 31, 2023 
     134,438  
    $1.98 

The weighted-average grant date fair value of
options granted in the years ended December 31, 2024, and 2023 was $0.66 and $1.81, respectively. The fair value of the options that vested
during the years ended December 31, 2024, and 2023, was $8 and $310, respectively.

As of December 31, 2024, there was $53 of unrecognized
share-based compensation expense related to unvested options. This unrecognized compensation expense is expected to be recognized over
a weighted-average period of approximately 1 year based on vesting under the award service conditions.

The company issued and valued options using the Black-Scholes model
for all 2024 and 2023 issuances with the following significant assumptions.

    Fair value assumptions 
    2024  
    2023 
  
    Expected volatility 
     45%-52% 
     45%-52%
  
    Expected terms (in years) 
     4  
     4 
  
    Risk-free interest rate 
     4.70% – 5.70% 
     4.60%-5.46%
  
    Dividend Yield 
     0% 
     0%

The Company recognized