Company: JUSHF
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037797
Chunk: 59

Company: Jushi Holdings Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 59
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 incentive awards available for issuance under the 2019 Plan, including additional awards available for certain new hires, was 9,129,669 as of June 30, 2025.Stock OptionsThe stock options issued by the Company are options to purchase SVS of the Company. All stock options issued have been issued to directors and employees under the Company’s 2019 Plan. Such options generally expire ten years from the date of grant and generally vest ratably over three years from the grant date. The options generally may be net share settled. The following table summarizes the status of stock options and related transactions:Number of Stock OptionsWeighted-Average Per Share Exercise PriceIssued and Outstanding as of January 1, 202526,769,419 $0.79 Granted840,000 $0.30 Cancelled/forfeited/expired(3,300,667)$0.78 Issued and Outstanding as of June 30, 202524,308,752 $0.77 Exercisable as of June 30, 202514,284,967 $0.95 The fair value of the stock options granted was determined using the Black-Scholes option-pricing model. The following assumptions were used for the calculation at date of grant: Six Months Ended June 30,20252024Weighted average stock price$0.29$0.70Weighted average expected stock price volatility92.0%77.9%Expected annual dividend yield0%0%Weighted average expected life5.0 years5.1 yearsWeighted average risk-free annual interest rate4.0%4.3%Weighted average grant date fair value$0.21$0.46

Share-based Compensation CostThe components of share-based compensation expense (forfeiture), net, are as follows:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Stock options $307 $594 $(74)$1,949 Restricted stock— 1 — 2 Warrants67 (248)141 (80)Total share-based compensation expense (forfeiture), net$374 $347 $67 $1,871 As of June 30, 2025, the Company had $1,128 of unrecognized share-based compensation cost related to unvested stock options and warrants, which is expected to be recognized as share-based compensation cost over a weighted average period of 1