Company: TALK
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000950170-25-038107
Chunk: 173

Company: Talkspace, Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 173
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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 1.0 years.Restricted Stock UnitsRestricted Stock Units (“RSUs”) typically vest over a four-year period. The following table summarizes the activity for RSUs for the year ended December 31, 2024:

        Year Ended December 31, 2024

        Number ofrestricted stockunits

        Weightedaverage grant-datefair value

        Nonvested at beginning of year

        8,984,827

        $
        1.30

        Granted

        3,142,300

        $
        2.87

        Vested

        (3,776,287
        )
         
        $
        1.71

        Forfeited

        (1,323,765
        )
         
        $
        1.77

        Nonvested at end of year

        7,027,075

        $
        1.73

      The total fair value of RSUs vested during the year ended December 31, 2024 was $10.4 million ($5.0 million and $3.7 million for the years ended December 31, 2023 and 2022, respectively).As of December 31, 2024, there was $11.1 million of total unrecognized compensation cost related to non-vested RSUs that are expected to be recognized over a weighted average period of 1.5 years.The following table sets forth the total share-based compensation expense related to stock options and RSUs included in the respective components of operating expenses in the consolidated statements of income:

        Year Ended December 31,

        (in thousands)
         
        2024

        2023

        2022

        Research and development, net
         
        $
        1,781

        $
        2