Company: CDLX
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001666071-25-000159
Chunk: 187

Company: Cardlytics, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 187
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 Plan to reserve an additional 800,000 shares of our common stock. On November 6, 2024, our board of directors approved an amendment to the 2022 Inducement Plan to reserve an additional 2,500,000 shares of our common stock. As of September 30, 2025, there were 2,133,349 shares available under the 2022 Inducement Plan. The following table summarizes the allocation of stock-based compensation in the condensed consolidated statements of operations (in thousands): Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024Delivery costs$440 $675 $1,441 $2,039 Sales and marketing expense560 2,096 3,710 8,140 Research and development expense2,575 3,448 8,514 12,031 General and administrative expense2,847 1,846 8,952 9,484 Total stock-based compensation expense$6,422 $8,065 $22,617 $31,694 During the three months ended September 30, 2025 and 2024, we capitalized $1.2 million of stock-based compensation expense for software development. During the nine months ended September 30, 2025 and 2024, we capitalized $3.1 million and $3.7 million of stock-based compensation expense for software development, respectively.

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Restricted Stock UnitsWe grant restricted stock units ("RSUs") to certain employees and our non-employee directors. The following table summarizes changes in RSUs, inclusive of performance-based RSUs:Shares(in thousands)Weighted-Average Grant Date Fair ValueWeighted-Average Remaining Contractual Term (in years)Unamortized Compensation Costs(in thousands)Unvested — December 31, 20244,507 $13.20 1.20$43,710 Granted6,850 2.09 Vested(2,286)12.76 Forfeited(1,056)11.79 Unvested — September 30, 20258,015 $4.02 0.90$21,414 During the nine months ended September 30, 2025, we granted 6,850,468 RSUs to employees and non-employee directors, which have vesting periods ranging from vesting immediately to vesting in four years.