Company: KITTW
Filing Date: 2025-04-30
Form Type: ARS
Source: 0001849820-25-000123
Chunk: 137

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-30
Form: ARS
Chunk 137
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 Compensation expense for stock option grants is recognized based on the fair value at the date of grant using the Black- Scholes option pricing model. For the years ended December 31, 2024 and December 31, 2023, stock-based compensation expense for options totaled $132,335 and $530,019, respectively, and was recorded in general and administrative expense. Table of Contents NAUTICUS ROBOTICS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS F-31

As of December 31, 2024, there was $63,455 of total unrecognized compensation cost related to options to be recognized over a remaining weighted average period of less than 1 year. The following table summarizes options outstanding, as well as activity for the period presented: Shares Weighted Average Exercise Price Aggregate Intrinsic Value Outstanding as of December 31, 2023 83,689 $ 66.63 $ 9,717 Granted - Exercised - Forfeited (14,624) Expired (49,626) Outstanding as of December 31, 2024 19,439 $ 69.93 $ - Exercisable as of December 31, 2024 17,610 $ 69.44 $ - The weighted average remaining contractual term of outstanding options and exercisable options as of December 31, 2024, was 4.5 years and 4.3 years, respectively. The maximum contractual term of options is ten years. There were no options granted in 2023 or 2024, and there were no options exercised in 2024. The total intrinsic value of all options exercised during the year ended December 31, 2023 was $104,985. The following tabulation summarizes certain information related to outstanding and exercisable options at December 31, 2024: Options Outstanding Options Exercisable Range of Exercise Prices As of December 31, 2024 Weighted Average Remaining Contractual Life In Years Weighted Average Exercise Price As of December 31, 2024 Weighted Average Exercise Price $ 52.73 $ 52.73 1,776 3.86 $ 52.73 1,776 $ 52.73 $ 69.86 $ 69.86 16,084 4.34 $ 69.86 14,691 $ 69.86 $ 90.01 $ 90.01 1,579 7.06 $ 90.