Company: SWKH
Filing Date: 2025-04-29
Form Type: ARS
Source: 0001628280-25-020753
Chunk: 95

Company: SWK Holdings Corp
Filing Date: 2025-04-29
Form: ARS
Chunk 95
---
 per Share |       |
|:----------------|------:|:----|:-------------------|-------:|-------:|:----|:-------------------------------------------------------|:----|----:|:----|:------------------------------------------|------:|:----|:-------------------|-------:|-------:|:----|:------------------------------------------|------:|
| $               |  9.61 |     |                    | 15,000 |        |     |                                                        |     | 1.5 |     | $                                         |  9.61 |     |                    | 15,000 |        |     | $                                         |  9.61 |
| $               | 12.50 |     |                    |        | 18,750 |     |                                                        |     | 4.4 |     | $                                         | 12.50 |     |                    |        | 18,750 |     | $                                         | 12.50 |
| $               | 16.29 |     |                    |        | 15,000 |     |                                                        |     | 5.4 |     | $                                         | 16.29 |     |                    |        | 15,000 |     | $                                         | 16.29 |
| Total           |       |     |                    | 48,750 |        |     |                                                        |     | 3.8 |     | $                                         | 12.78 |     |                    | 48,750 |        |     | $                                         | 12.78 |

Employee stock-based compensation expense recognized for time-vesting options for the years ended December 31, 2024 and 2023, uses the Black-Scholes option pricing model for estimating the fair value of options granted under the Company’s equity incentive plans. Risk-free interest rates for the options were taken from the Daily Federal Yield Curve Rates on the grant dates for the expected life of the options as published by the Federal Reserve. The expected volatility was based upon historical data and other relevant factors such as the Company’s changes in historical volatility and its capital structure, in addition to mean reversion. Employee stock-based compensation expense recognized for market performance-vesting options uses a binomial lattice model for estimating the fair value of options granted under the Company’s equity incentive plan.

In calculating the expected life of stock options, the Company determines the amount of time from grant date to exercise date for exercised options and adjusts this number for the expected time to exercise for unex