Company: LASR
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001124796-25-000154
Chunk: 32

Company: NLIGHT, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 32
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440)Non-current portion of product warranty liability$1,166 $1,134 

Note 11 - Stockholders' Equity and Stock-Based Compensation 

Restricted Stock Awards and UnitsRestricted stock unit ("RSU") and restricted stock award ("RSA") activity under our equity incentive plan was as follows:Number of Restricted Stock Units                 (Thousands)Weighted-Average Grant Date Fair ValueBalance, December 31, 20241,904 $12.99 Granted1,177 15.81 Vested(1,025)13.87 Forfeited(67)13.95 Balance, September 30, 20251,989 14.17 Number of Restricted Stock Awards (Thousands)Weighted-Average Grant Date Fair ValueBalance, December 31, 202437 $33.66 Vested(37)33.66 Balance, September 30, 2025— — The total fair value of RSUs and RSAs vested during the nine months ended September 30, 2025, was $15.1 million. 

13

Market-Based Performance Restricted Stock UnitsDuring the three months ended September 30, 2025, the payout factor for our market-based performance restricted stock units ("2022 PRSUs") granted in 2022 was measured. The number of shares that a participant receives is equal to the number of PRSUs granted multiplied by a payout factor ranging from 0% to 200%. The performance criteria that determines the payout factor is our Total Shareholder Return ("TSR") for a performance period of three years beginning on July 1, 2022 relative to the TSR of companies in the Russell 2000 Index. The payout factor for our 2022 PRSUs was measured at 200%. The table below includes details regarding the measurement and vesting of our 2022 PRSUs and subsequent issuance of shares (in thousands, except payout factor):Fiscal Year Granted 20222022 PRSUs outstanding at measurement date359Performance periodJuly 1, 2022 - June 30, 2025Vesting dateAugust 14, 2025Payout factor200%Number of shares issued718The total fair value of the 2022 PRSUs vested during the nine months ended September 30, 2025, was $18.8 million. During the three months ended September 30, 2025, a special grant of market-based performance restricted stock units ("