Company: LGN
Filing Date: 2025-12-09
Form Type: S-1
Source: 0001193125-25-312729
Chunk: 290

Company: Legence Corp.
Filing Date: 2025-12-09
Form: S-1
Chunk 290
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 of September 30, 2025, unrecognized stock-based compensation expense related to the RSUs was $17.0 million, which is expected to be recognized over a weighted-average period of 2.9 years. For the three and nine months ended September 30, 2025, the Company recognized $0.1 million and $0.2 million of stock-based compensation expense related to RSUs in Cost of revenue and Selling, general and administrative, respectively, on the Condensed Consolidated Statements of Operations. The following table summarizes stock option activity during the nine months ended September 30, 2025:

| Outstanding as of December 31, 2024             |     | Stock Options |       — |     | Weighted-Average      
 Grant Date Fair Value 
 per Share             |     — |     | Weighted-Average   
 Exercise Price per 
 Share              |     — |
|:------------------------------------------------|:----|:--------------|--------:|:----|:----------------------|------:|:----|:-------------------|------:|
| Granted                                         |     |               | 668,570 |     |                       | 16.46 |     |                    | 28.00 |
| Vested                                          |     |               |       — |     |                       |     — |     |                    |     — |
| Forfeited                                       |     |               |       — |     |                       |     — |     |                    |     — |
| Outstanding as of September 30, 2025            |     |               | 668,570 |     |                       | 16.46 |     |                    | 28.00 |
| Vested and exercisable as of September 30, 2025 |     |               |       — |     | $                     |     — |     | $                  |     — |

As of September 30, 2025, unrecognized stock-based compensation expense related to stock options was $10.8 million, which is expected to be recognized over a weighted-average period of 3.0 years. For the three and nine months ended September 30, 2025, the Company recognized $0.2 million of stock-based compensation expense related to stock options in Selling, general and administrative on the Condensed Consolidated Statements of Operations. F-36

Legence Corp. Notes to Condensed Consolidated Financial Statements - (Continued) (Unaudited) Weighted-average inputs used in the Black-Scholes option pricing model for options