Company: BKTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026668
Chunk: 25

Company: BK Technologies Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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62   9.15   26.92   — 
 Exercised   18,110   13.37   —   6.41   555 
 Forfeited   7,880   18.17   —   10.66   180 
 Expired   2,220   15.49   —   5.99   40 
                     
 As of June 30, 2025                     
 Outstanding   310,318   16.57   7.50   16.57   9,179 
 Vested   120,090   14.88   6.03   5.75   3,873 
 Nonvested   190,228   17.69   8.48   12.38   5,625 

   Restricted Stock Units
    
   The Company recorded non-cash restricted stock unit compensation expense of $299 and $574 for the three and six months ended  June 30, 2025, compared with $148 and $269 for the same periods last year, respectively.
    
   A summary of non-vested restricted stock under the Company’s non-employee director share-based incentive compensation plan is as follows:

           Weighted Average  
   Number of    Grant Date  
   Shares    Price per Share  
 Unvested as of January 1, 2025   44,546  $12.99 
 Granted   45,789   24.34 
 Vested and issued   (13,475)  12.26 
 Cancelled/forfeited   —   — 
 Unvested as of June 30, 2025   76,860  $19.88 

       13

   Note 9. Commitments and Contingencies 
    
   Legal Matters
    
   From time to time, the Company  may be involved in various claims and legal actions arising in the ordinary course of its business. We assess our liabilities and contingencies in connection with outstanding legal proceedings utilizing the latest information available. Where it is probable that we will incur a loss and the amount of the loss can be reasonably estimated, we record a liability in our consolidated financial statements. These legal accruals  may be increased or decreased to reflect any relevant