Company: TALK
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000950170-25-038107
Chunk: 115

Company: Talkspace, Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1B
Chunk 115
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        9,725,095

        $
        2.93

        6.39

        $
        12,974

        Exercisable at end of year

        7,565,044

        $
        3.15

        5.86

        $
        10,148

       (1)The aggregate intrinsic value of options outstanding and options exercisable at end of the year does not include 2,766,728 and 2,519,646, respectively, of stock options that are out of the money.The weighted average grant-date fair value of stock options granted to employees during the years ended December 31, 2024 was $1.48 per share ($0.74 per share and $0.88 per share for the years ended December 31, 2023 and 2022, respectively).The total intrinsic value of stock options exercised during the year ended December 31, 2024 was $3.0 million ($2.5 million and $4.2 million for the years ended December 31, 2023 and 2022, respectively).The fair value for options granted for the years ended December 31, 2024, 2023 and 2022 was estimated on the date of grant using a Black-Scholes-Merton options pricing model with the following weighted average assumptions: 

        Year Ended December 31,

        2024
         
        2023
         
        2022

        Dividend yield
         
        0%
         
        0%
         
        0%

        Expected volatility
         
        60.81% - 61.65%
         
        58.63% - 68.40%
         
        66.80%-86.13%

        Risk-free interest rate
         
        3.71%-4.19%
         
        3.70%-4.22%
         
        1.76%-4.11%

        Expected term (years)
         
        5.27 - 6.11
         
        5.23 - 6.25
         
        5.07-6.25

75

As of December 31, 2024, there was $2.3 million of total unrecognized compensation cost related to non-vested stock options that are expected to be recognized over a weighted average period of 1