Company: TENB
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001660280-25-000072
Chunk: 15

Company: Tenable Holdings, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 (in years)Aggregate Intrinsic ValueOutstanding at December 31, 20244,051$9.26 2.6$122,024Exercised(52)6.72 1,654Forfeited/canceled—— — Outstanding and exercisable at March 31, 20253,9999.29 1.6102,7392018 Employee Stock Purchase PlanIn the three months ended March 31, 2025, employees purchased 0.3 million shares of our common stock at a weighted average price of $32.42 per share, resulting in $9.7 million of cash proceeds. At March 31, 2025, there was $1.5 million of employee contributions to the 2018 ESPP included in accrued compensation.The fair value of the 2018 ESPP purchase rights was estimated on the offering or modification dates using a Black-Scholes option-pricing model and the following assumptions:Three Months Ended March 31,20252024Expected term (in years)0.5 — 2.00.5 — 2.0Expected volatility30.6% — 38.2%41.1% — 51.4%Risk-free interest rate3.9% — 4.2%4.4% — 5.1%Expected dividend yield——Under the evergreen provision in our 2018 ESPP, in January 2025 we reserved an additional 1.8 million shares of our common stock. At March 31, 2025, there were 11.5 million shares reserved for issuance under our 2018 ESPP.

11. Income Taxes

In the three months ended March 31, 2025, the provision for income taxes included $2.1 million of income taxes in foreign jurisdictions in which we conduct business and $1.5 million of discrete items primarily related to withholding taxes on sales to customers.In the three months ended March 31, 2024, the provision for income taxes included $0.4 million of income taxes in foreign jurisdictions in which we conduct business and $1.3 million of discrete items primarily related to withholding taxes on sales to customers.

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12. Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share:Three Months Ended March 31,(in thousands, except per share data)20252024Net loss$(22,935)$(14,386)Weight