Company: DMRC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026996
Chunk: 17

Company: Digimarc CORP
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 17
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   2025    2024    2025    2024  
 Fair value of RSU awards vested  $1,311  $1,318  $3,037  $3,047 

   Performance Restricted Stock Units Activity
    
   The following table presents the unvested PRSU award activity:

           Weighted  
       Average  
   Number of    Grant Date  
 Three Months Ended June 30, 2025:   Shares    Fair Value  
 Unvested balance at March 31, 2025   161  $28.60 
 Change in units based on performance expectations   —  $— 
 Granted   417  $15.25 
 Vested   —  $— 
 Forfeited   (18) $33.12 
 Unvested balance at June 30, 2025   560  $18.49 

           Weighted  
       Average  
   Number of    Grant Date  
 Six Months Ended June 30, 2025:   Shares    Fair Value  
 Unvested balance at December 31, 2024   215  $32.08 
 Change in units based on performance expectations   (5) $42.43 
 Granted   417  $15.25 
 Vested   (49) $42.43 
 Forfeited   (18) $33.12 
 Unvested balance at June 30, 2025   560  $18.49 

   The fair value of PRSU awards vested is as follows:

       Three Months Ended June 30,    Six Months Ended June 30,  
   2025    2024    2025    2024  
 Fair value of PRSU awards vested  $—  $—  $1,707  $2,370 

   6. Shareholders’ Equity
    
   Registered Direct Offering
    
   On  February 24, 2024, the Company entered into purchase agreements with certain investors providing for the issuance and sale by the Company of 929 shares of common stock in a registered direct stock offering. The common shares were offered at a price of $35