Company: KVHI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001007587-25-000022
Chunk: 143

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 143
---
30, 2025, 70 shares of restricted stock were granted with a weighted average grant date fair value of $5.50 per share and 26 shares of restricted stock were forfeited. Additionally, during the nine months ended September 30, 2025, 147 shares of restricted stock vested. During the nine months ended September 30, 2024, 207 shares of restricted stock were granted with a weighted average grant date fair value of $4.82 per share and 43 shares of restricted stock were forfeited. Additionally, during the nine months ended September 30, 2024, 158 shares of restricted stock vested. As of September 30, 2025 and 2024, the Company had no unvested outstanding options and no outstanding shares of restricted stock that were subject to performance-based or market-based vesting conditions.(b) Employee Stock Purchase PlanThe Company's ESPP affords eligible employees the right to purchase common stock, via payroll deductions, through various offering periods at a purchase price equal to 85% of the fair market value of the common stock on the first or last day of the offering period, whichever is lower. During the three months ended September 30, 2025 and 2024, 4 and 0 shares were issued under the ESPP, respectively. During the nine months ended September 30, 2025 and 2024, 4 and 24 shares were issued under the ESPP, respectively. The Company recorded compensation charges related to the ESPP of $(1) and $1 for the three months ended September 30, 2025 and 2024, respectively, and $3 and $7 for the nine months ended September 30, 2025 and 2024, respectively.(c) Stock-Based Compensation ExpenseThe following table presents stock-based compensation expense, including expense for the ESPP, in the Company's consolidated statements of operations for the nine months ended September 30, 2025 and 2024, respectively: Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Cost of service sales$6 $8 $19 $22 Cost of product sales12 5 22 19 Research and development15 63 7 326 Sales, marketing and support61 74 215 219 General and administrative272 235 874 1,043 $366 $385 $1,