Company: HGBL
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0000950170-25-038691
Chunk: 53

Company: Heritage Global Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 15
Chunk 53
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-average period of 1.6 years.The total fair value of options vesting during both 2024 and 2023 was $0.6 million. The unvested options have no associated performance conditions. In general, the Company’s employee turnover is low, and the Company expects that the majority of the unvested options will vest according to the standard four-year timetable.

F-30

The following table summarizes information about all stock options outstanding as of December 31, 2024: 

        Exercise price
         
        OptionsOutstanding

        WeightedAverageRemainingLife (years)

        WeightedAverageExercisePrice

        NumberExercisable

        WeightedAverageRemainingLife (years)

        WeightedAverageExercisePrice

        $ 0.40 to $ 0.53

        432,850

        2.1

        $
        0.45

        432,850

        2.1

        $
        0.45

        $ 0.70 to $ 0.85

        180,625

        4.5

        $
        0.73

        180,625

        4.5

        $
        0.73

        $ 1.37 to $ 1.90

        860,625

        6.9

        $
        1.66

        582,000

        6.4

        $
        1.65

        $ 2.39 to $ 3.55

        757,500

        7.6

        $
        2.90

        341,250

        6.8

        $
        2.88

        2,231,600

        1,536,725

       Restricted StockRestricted stock awards represent a right to receive shares of common stock at a future date determined in accordance with the participant’s award agreement. There is no exercise price and no monetary payment required for receipt of restricted stock awards or the shares issued in settlement of the award. Instead, consideration is furnished in the form of the participant’s services to the Company. Compensation cost for these awards is based on the fair value of the shares of common stock on the date of grant and recognized as compensation expense on a straight-line basis over the requisite service period. On June 1, 2018, the Company granted 600,000 shares of Company restricted common