Company: INGN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029993
Chunk: 257

Company: Inogen Inc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 257
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 shares were added to the ESPP share reserve. 

 F-32

Stock-based compensationStock-based compensation expense recognized for the years ended December 31, 2024, 2023 and 2022, was as follows:  

        Years ended December 31,

        Stock-based compensation expense by type of award:
         
        2024

        2023

        2022

        Restricted stock units and restricted stock awards
         
        $
        6,941

        $
        7,037

        $
        11,748

        Employee stock purchase plan

        456

        390

        535

        Total stock-based compensation expense
         
        $
        7,397

        $
        7,427

        $
        12,283

      Employee stock-based compensation expense was calculated based on awards of stock options, restricted stock units and restricted stock awards ultimately expected to vest based on the Company’s historical award cancellations. The employee stock-based compensation expense recognized for the years ended December 31, 2024, 2023 and 2022 has been reduced for estimate forfeitures of restricted stock at a rate of 8.3%, 5.3% and 4.1%, respectively. ASC 718 – Compensation-Stock Compensation requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. For the years ended December 31, 2024, 2023 and 2022, respectively, stock-based compensation expense recognized under ASC 718, included in cost of revenue, research and development expense, sales and marketing expense, and general and administrative expense was as follows: 

        Years ended December 31,

        2024

        2023

        2022

        Cost of revenue
         
        $
        579

        $
        540

        $
        1,127

        Research and development

        474

        1,592

        1,591

        Sales and marketing

        1,558

        1,598

        2,785

        General and administrative

        4,786

        3,697

        6,780

        Total stock-based compensation expense
         
        $
        7,397

        $
        7,427

        $
        12,283

       Val