Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 173

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 173
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 restricted common stock vested as of December 31, 2024 and no RSUs
vested as of December 31, 2023.

The
following table summarizes restricted stock activity for the 2023 Plan:

Schedule
of Restricted Stock Activity

    Number of Awards  
    Weighted Average Grant Date Fair Value Per Unit 
  
    Outstanding at December 31, 2023 
     745  
    $551 
  
    Granted 
     745  
    $284 
  
    Cancelled/forfeited 
     (745) 
    $(551)
  
    Vested 
     (745) 
    $(284)
  
    Outstanding at December 31, 2024 
     -  
    $- 

Stock
Options

The
Company estimates the fair value of each option award on the date of grant using the Black-Scholes option-pricing model. The Company
then recognizes the grant date fair value of each option as compensation expense ratably using the straight-line attribution method over
the service period (generally the vesting period). The Black-Scholes model incorporates the following assumptions:

    ●
    Expected
    volatility – the Company estimates the volatility of the share price of their peer companies at the date of grant using a “look-back”
    period which coincides with the expected term, defined below. The Company believes using a “look-back” period which coincides
    with the expected term is the most appropriate measure for determining expected volatility.

    ●
    Expected
    term – the Company estimates the expected term using the “simplified” method outlined in SEC Staff Accounting Bulletin
    No. 107, “Share-Based Payment.”

    ●
    Risk-free
    interest rate – the Company estimates the risk- free interest rate using the U.S. Treasury Yield curve for periods equal to
    the expected term of the options in effect at the time of grant.

    ●
    Dividends
    – the Company uses an expected dividend yield of zero because the Company has not declared nor paid a cash dividend, nor are
    there any plans to declare a dividend.

The
Company estimated the fair value of stock options granted in the periods presented using a Black-Scholes option-pricing model utilizing
the following assumptions:

Schedule of Fair Value
of Stock Option Granted 

    For the year ended December 31, 

    2024  
    2023