Company: FEAV
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0000950170-25-019943
Chunk: 17

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Item 8
Chunk 17
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The weighted average remaining life of vested options at December 31, 2024 and 2023 was approximately 2.0 years and 1.0 years, respectively. As of December 31, 2024 and 2023, the maximum expiration date for vested options was approximately 8.3 and 1.8 years, respectively.As of December 31, 2024, there was approximately $264 thousand of unrecognized compensation cost related to 825 thousand unvested stock options. This cost is expected to be recognized over a weighted-average remaining period of approximately 1.6 years. As of December 31, 2024 and 2023, the maximum expiration date for unvested options was approximately 2.6 and 9.3 years, respectively.The following table summarizes the activity for unvested options for each of the periods presented.

        Six months ended December 31,

        2024

        2023

        Number of Options

        Weighted Average Grant Date Fair Value per share

        Number of Options

        Weighted Average Grant Date Fair Value per share

        (In thousands, except per share data)

        Unvested at beginning of the period

        341

        $
        1.79

        838

        $
        6.42

        Granted

        551

        0.24

        300

        2.08

        Vested

        (67
        )

        6.14

        (73
        )

        15.58

        Expired/forfeited

        —

        —

        (278
        )

        10.48

        Unvested at end of the period

        825

        $
        0.40

        787

        $
        3.35

      As of December 31, 2024 and 2023, all outstanding stock options and vested stock options had no intrinsic value as the exercise prices of the respective options exceeded the Company’s stock price on such dates. There were no options exercised during the six months ended December 31, 2024 and 2023.Full Value Awards (Restricted Share Units, Director Share Units and Performance Share Units)The following table summarizes RSU, DSU and PSU activity for each of the periods presented.

        Serviced-Based Shares

        Weighted Average Grant Date Fair Value per Share

        Performance- Based Shares

        Weighted Average Grant Date Fair