Company: INGN
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0000950170-25-045737
Chunk: 39

Company: Inogen Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 39
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 a total of 2,692,266 RSUs (including time-based and performance-based) outstanding under all equity compensation plans. No other award types were outstanding.

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Potential Dilutive Effect of Requested Increase in Share Reserve. If approved, the requested increase in the share reserve would increase the Amended and Restated Plan’s share overhang level from 12.0% (as of March 3, 2025) to 14.1%. The Compensation Committee believes that this overhang level is appropriate for a company of our size and within our industry. We determined overhang by dividing (x) the sum of the number of shares subject to outstanding equity awards and the total number of shares available for grant under the 2023 Plan by (y) the sum of the total shares of common stock outstanding, the number of shares subject to outstanding equity awards and the total number of shares available for grant under the 2023 Plan.

Three-year Average Burn Rate. Our three-year average burn rate is approximately 4.2%. The Compensation Committee believes that this burn rate is appropriate for a company of our size and within our industry. We determined our annual burn rate by dividing (x) the total number of time-based awards granted and performance-based awards vested by the Company by (y) the weighted average number of shares of common stock outstanding during the fiscal year.

We expect the increased share reserve under the Amended and Restated Plan will help us remain competitive in a challenging labor environment and allow us to better attract and retain top talent and align the interests of our employees and stockholders.

Highlights of the Amended and Restated 2023 Equity Incentive Plan

The following number of shares of our common stock will be reserved for issuance under the Amended and Restated Plan: (i) 2,350,000 shares, plus (ii) (A) 842,335 shares that, as of immediately before the termination or expiration of the 2014 Plan, were reserved but not issued under any 2014 Plan awards and were not subject to any awards granted under the 2014 Plan, plus (B) 1,392,089 shares and any of the remaining 150,608 shares subject to awards granted under the 2014 Plan or the 2012 Plan that, after the 2014 Plan is terminated or expired, expire or otherwise terminate without having been exercised or issued in full or are forfeited to or repurchased by the Company due