Company: OXBRW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001493152-25-021063
Chunk: 28

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 28
---
 value with respect to the awards with only performance or service-based
conditions is based on the value of the Company’s stock on the grant date.

    19

OXBRIDGE
RE HOLDINGS LIMITED AND SUBSIDIARIES

Notes
to Consolidated Financial Statements (unaudited)

September
30, 2025

11.
SHARE-BASED COMPENSATION (cont’d)

Restricted
Stock Awards (cont’d)

During
the nine-month periods ended September 30, 2025 and 2024, the Company granted 126,162 and 136,427 shares of restricted stock, respectively,
to directors and employees under the 2021 Plan. Information with respect to the activity of unvested restricted
stock awards during the periods ended September 30, 2025 and 2024 is as follows (share amounts not in thousands):

SCHEDULE
OF ACTIVITY OF UNVESTED RESTRICTED STOCK AWARDS

    Weighted-  

    Number of  
    Weighted- 

    Restricted  
    Average 

    Stock  
    Grant Date 

    Awards  
    Fair
    Value 

    Nonvested at January 1, 2024 
     46,073  
    $1.05 
  
    Granted 
     136,427  
    $1.05 
  
    Vested 
     (34,574) 
    $1.05 
  
    Nonvested at March 31, 2024 
     147,926  

    Vested 
     (18,500) 
    $1.05 
  
    Nonvested at June 30, 2024 
     129,426  

    Vested 
     (54,214) 
    $1.05 
  
    Nonvested at September 30, 2024 
     75,212  

    Nonvested at January 1, 2025 
     38,715  

    Granted 
     83,162  
    $1.07 
  
    Vested 
     (54,965) 
    $1.07 
  
    Nonvested at March 31, 2025 
     66,912  

    Vested 
     (22,250) 
    $1.07 
  
    Nonvested at June 30,2025 
     44,662