Company: UAA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001336917-25-000136
Chunk: 101

Company: Under Armour, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 101
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30, 2025, the Company had 2.7 million Class A shares and 2.1 million Class C shares available for future purchases under the ESPPs. During the three months ended June 30, 2025, 0.1 million Class C shares were purchased under the ESPPs (three months ended June 30, 2024: 0.1 million).Awards granted to Certain Marketing and Other PartnersIn addition to the plans discussed above, the Company may also, from time to time, issue deferred stock units or restricted stock units to certain of our marketing and other partners in connection with their entering into endorsement or other service agreements with the Company. The terms of each agreement set forth the number of units to be granted and the delivery dates for the shares, which range over a multi-year period, depending on the contract. Total stock-based compensation expense related to these awards for the three months ended June 30, 2025 was $1.8 million (three months ended June 30, 2024: $1.9 million). As of June 30, 2025, the Company had $63.0 million of unrecognized compensation expense associated with these awards expected to be recognized over a weighted average period of 9.14 years.Summary by Award Classification:Stock OptionsA summary of the Company's stock options activity for the three months ended June 30, 2025 is presented below:Number of StockOptionsWeighted AverageExercisePriceWeighted AverageRemaining ContractualLife (Years)Total IntrinsicValueOutstanding at March 31, 20251,356 $16.68 3.31$— Granted, at fair market value150 6.20 9.88Exercised— — — Forfeited or expired— — — Outstanding at June 30, 20251,506 $15.63 3.74$44 Exercisable at June 30, 20251,356 $16.68 3.06$— The Company uses the Black-Scholes option-pricing model to estimate the fair market value of stock option awards. The expected life of options is calculated using the "simplified method", which is equal to the time from grant to the midpoint between the vesting date and contractual term, taking into account all vesting tranches. The risk free interest rate is based on the yield for the U.S. Treasury bill with a maturity equal