Company: KVHI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001007587-25-000012
Chunk: 135

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 135
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 ended June 30, 2025, 575 stock options were granted and 127 stock options expired, were canceled or were forfeited. During the six months ended June 30, 2024, no shares of common stock were issued upon the exercise of stock options. No shares were surrendered to the Company to satisfy minimum tax withholding obligations. Additionally, during the six months ended June 30, 2024, 266 stock options were granted and 271 stock options expired, were canceled or were forfeited. The Company has historically estimated the fair value of each option grant on the date of grant using the Black-Scholes option-pricing model. The weighted average assumptions utilized to determine the fair value of options granted during the six months ended June 30, 2025 and 2024 are as follows:Six Months Ended June 30, 20252024Risk-free interest rate3.95 %4.36 %Expected volatility40.73 %48.63 %Expected life (in years)3.774.32Dividend yield0 %0 %As of June 30, 2025, there were 1,397 options outstanding with a weighted average exercise price of $7.19 per share and 510 options exercisable with a weighted average exercise price of $8.96 per share. As of June 30, 2024, there were 1,225 options outstanding with a weighted average exercise price of $8.64 per share and 599 options exercisable with a weighted average exercise price of $9.84 per share. 

11

Restricted StockDuring the three months ended June 30, 2025, no shares of restricted stock were granted and 1 shares of restricted stock were forfeited. Additionally, during the three months ended June 30, 2025, 63 shares of restricted stock vested. During the three months ended June 30, 2024, no shares of restricted stock were granted and 35 share of restricted stock were forfeited. Additionally, during the three months ended June 30, 2024, 76 shares of restricted stock vested.During the six months ended June 30, 2025, no shares of restricted stock were granted and 22 shares of restricted stock were forfeited. Additionally, during the six months ended June 30, 2025, 146 shares of restricted stock vested. During the six months ended June 30, 2024,