Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 35

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 Shares  
    Weighted Average Price  
    Total 
  
    Balance available under the plan as at January
    1, 2025 
     2,379  
     —  
     —  
     —  
     2,379 
  
    Additions to the plan 
     3,995,243  

     3,995,243 
  
    Granted
    (1) 
     (160,000) 
     2.62  
     —  
     —  
     (160,000)
  
    Cancelled/expired/exercised 
     229  
     1.85  
     —  
     —  
     229 
  
    Balance available under the plan as of September 30, 2025 
     3,837,850  
     —  
     —  
     —  
     3,837,850 

  (1) During the period ended September 30, 2025, 160,000   stock options were granted to the Board of Directors containing an exercise price of $2.62 per option, which corresponds to the end of the day price on grant date (i.e. options are at-the-money when issued). The options vest 100% on the grant date, with an expiry date of the earlier of September 18, 2030 (contractual expiry), and 18 months after the date the director ceases to be a board member (post-termination window). 

28

HEALTHCARE TRIANGLE, INC.

Notes To Condensed Consolidated Financial Statements

(Unaudited)

(In thousands except share and per share data)

The weighted-average grant date fair value of
options granted during the quarter ended September 30, 2025, was $2.62 and nil during the quarter ended September 30, 2024.

The following table summarizes the activities for our unvested options
for the year ended September 30, 2025

    Number of  
    Weighted  average  Grant Date  Fair Value 

    Shares  
    Per Share 
  
    Unvested on January 1, 2025 
     143  
    $470 
  
    Vested 
     (143) 
     470 
  
    Unvested on September 30, 2025