Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 35

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 6.20 9.63Exercised— — — Forfeited or expired— — — Outstanding as of September 30, 20251,506 $15.63 3.49$— Exercisable as of September 30, 20251,356 $16.68 2.81$— The Company uses the Black-Scholes option-pricing model to estimate the fair market value of stock option awards. The expected life of options is calculated using the "simplified method", which is equal to the time from grant to the midpoint between the vesting date and contractual term, taking into account all vesting tranches. The risk free interest rate is based on the yield for the U.S. Treasury bill with a maturity equal to the expected life of the stock option. Expected volatility is based on the Company's historical average.The following table summarizes the weighted-average fair value of options granted and weighted-average assumptions used. No options were granted during the three months ended September 30, 2025 or during the three and six months ended September 30, 2024.Six Months Ended September 30, 2025Weighted-average fair value of options granted$3.40 Weighted-average assumptions used:Expected volatility51.7 %Expected dividend yield0.0 %Expected life6.25 yearsRisk-free rate4.18 %Exercise price$6.20 Restricted Stock and Restricted Stock Unit AwardsA summary of the Company's restricted stock and restricted stock unit awards activity for the six months ended September 30, 2025 is presented below: Number of Restricted SharesWeighted AverageGrant Date Fair ValueOutstanding as of March 31, 202522,976 $7.58 Granted8,973 6.12 Forfeited(1)(1,286)7.62 Vested(4,182)8.20 Outstanding as of September 30, 202526,481 $6.55 (1) Includes 0.5 million of performance-based restricted stock units awarded to certain executives and key employees under the 2005 Plan during Fiscal 2023, which have been fully forfeited due to the failure to meet the financial performance conditions.The awards outstanding as of September 30, 2025 in the table above includes the following performance-based restricted stock units that were awarded to certain executives and key employees under the 2005 Plan:•