Company: PIII
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001628280-25-015305
Chunk: 213

Company: P3 Health Partners Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7
Chunk 213
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2024, there were no shares of Class A common stock reserved and available for issuance under the 2024 Plan.The term of each option award shall be no more than 10 years from the date of grant. The Company’s policy for issuing shares upon stock option exercise is to issue new shares of Class A common stock. The P3 LLC A&R LLC Agreement states that P3 LLC will maintain at all times a one-to-one ratio between the number of Common Units owned by the Company and the number of outstanding shares of Class A common stock, including, but not limited to, those issued as result of stock option exercises and settlement of RSU awards granted under the 2024 Plan.The following table summarizes stock option activity under the 2024 Plan for the year ended December 31, 2024:Number ofStock Options(in thousands)WeightedAverageExercisePriceWeightedAverageRemainingContractualLife(in years)AggregateIntrinsicValue(in thousands)Outstanding as of December 31, 2023—$— — $— Granted12,100$0.73 Outstanding as of December 31, 202412,100$0.73 9.36$— Fully vested and expected to vest as of December 31, 202412,100$0.73 9.36$— Exercisable as of December 31, 2024—$— — $— The following additional disclosures are provided for stock options:Year EndedDecember 31, 2024Weighted average grant date fair value$0.47 The weighted average assumptions used in estimating the grant date fair value of stock options are listed in the table below:Year EndedDecember 31, 2024Expected volatility66.5 %Risk-free interest rate4.5 %Expected term6.3 yearsDividend rate0.0 %As of December 31, 2024, there was $4.8 million of unrecognized equity-based compensation cost related to unvested stock options under the 2024 Plan, which is expected to be recognized over a weighted-average period of 3.4 years.

P3 Health Partners Inc. | 2024 Form 10-K | 113

The following table summarizes RSU activity under the 2024 Plan for the year ended December 31, 2024:WeightedAverageGrant DateFair ValueNumber ofUnits(in thousands)Non-vested as of December 31, 2023$—