Company: HGBL
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0000950170-25-038691
Chunk: 146

Company: Heritage Global Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 1B
Chunk 146
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 for the purchase of 694,875 shares with a weighted average grant date fair value of $1.81 per share. As of December 31, 2023, the Company had unvested options for the purchase of 990,125 shares with a weighted average grant date fair value of $1.90 per share. At December 31, 2024 and 2023, the aggregate intrinsic value of exercisable options was $0.9 million and $2.0 million, respectively. At December 31, 2024 and 2023, the aggregate intrinsic value of options exercised was $0.1 million and $0.2 million, respectively.As of December 31, 2024, the total unrecognized stock-based compensation expense related to unvested stock options was $0.9 million, which is expected to be recognized over a weighted-average period of 1.6 years.The total fair value of options vesting during both 2024 and 2023 was $0.6 million. The unvested options have no associated performance conditions. In general, the Company’s employee turnover is low, and the Company expects that the majority of the unvested options will vest according to the standard four-year timetable.

F-30

The following table summarizes information about all stock options outstanding as of December 31, 2024: 

        Exercise price
         
        OptionsOutstanding

        WeightedAverageRemainingLife (years)

        WeightedAverageExercisePrice

        NumberExercisable

        WeightedAverageRemainingLife (years)

        WeightedAverageExercisePrice

        $ 0.40 to $ 0.53

        432,850

        2.1

        $
        0.45

        432,850

        2.1

        $
        0.45

        $ 0.70 to $ 0.85

        180,625

        4.5

        $
        0.73

        180,625

        4.5

        $
        0.73

        $ 1.37 to $ 1.90

        860,625

        6.9

        $
        1.66

        582,000

        6.4

        $
        1.65

        $ 2.39 to $ 3.55

        757,500

        7.6