Company: KVHI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001007587-25-000012
Chunk: 134

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 134
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able securities was $0 and $706 during the three months ended June 30, 2025 and 2024, respectively, and $0 and $1,426 during the six months ended June 30, 2025 and 2024, respectively.We held no marketable securities as of June 30, 2025 and December 31, 2024.

10

 (5)     Stockholder's Equity

(a) Stock Equity and Incentive PlanThe Company recognizes stock-based compensation in accordance with the provisions of ASC Topic 718, Compensation-Stock Compensation. Stock-based compensation expense was $432 and $721, excluding $2 and $1 of compensation expense related to our Amended and Restated 1996 Employee Stock Purchase Plan, or the ESPP, for the three months ended June 30, 2025 and 2024, respectively, and $767 and $1,238, excluding $4 and $6 of compensation expense related to ESPP, for the six months ended June 30, 2025 and 2024, respectively. As of June 30, 2025, there was $1,808 of total unrecognized compensation expense related to stock options, which is expected to be recognized over a weighted-average period of 3.12 years. As of June 30, 2025, there was $935 of total unrecognized compensation expense related to restricted stock awards, which is expected to be recognized over a weighted-average period of 2.06 years.Stock OptionsDuring the three months ended June 30, 2025, 6 shares of common stock were issued upon the exercise of stock options. No shares were surrendered to the Company to satisfy minimum tax withholding obligations. Additionally, during the three months ended June 30, 2025, 50 stock options were granted and 64 stock options expired, were canceled or were forfeited. During the three months ended June 30, 2024, no shares of common stock were issued upon the exercise of stock options. No shares were surrendered to the Company to satisfy minimum tax withholding obligations. Additionally, during the three months ended June 30, 2024, no stock options were granted and 257 stock options expired, were canceled or were forfeited.During the six months ended June 30, 2025, 6 shares of common stock were issued upon the exercise of stock options. No shares were surrendered to the Company to satisfy minimum tax withholding obligations. Additionally, during the six months