Company: LASR
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001124796-25-000021
Chunk: 63

Company: NLIGHT, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 63
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 penalties associated with unrecognized tax benefits were $1.1 million and $0.9 million, respectively. 

At December 31, 2024, our tax years 2021 through 2024, 2020 through 2024, and 2014 through 2024, remain open for examination in the federal, state and foreign jurisdictions, respectively. However, to the extent allowed by law, the taxing authorities may have the right to examine prior periods where net operating losses and credits were generated and carried forward, and to make adjustments up to the net operating loss and credit carryforward amounts. We are not currently under federal, state, or foreign tax examination. 

Note 16 - Stockholders' Equity and Stock-Based Compensation

Preferred StockWe have authorized 5.0 million shares of preferred stock, par value $0.0001, none of which is issued and outstanding.Common StockEach share of common stock has the right to one vote. The holders of common stock are also entitled to receive dividends whenever funds are legally available and when declared by the Board of Directors, subject to the prior rights of holders of all classes of stock outstanding having priority rights as to dividends. No dividends have been declared or paid as of December 31, 2024.Common Stock Repurchase PlanOn November 14, 2019, our Board of Directors authorized the repurchase of up to $10.0 million of our outstanding shares of common stock. As of December 31, 2024, no repurchases had been executed under the program.

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Equity Incentive PlanAs of December 31, 2024, there were approximately 6.8 million shares available for issuance under our equity incentive plan. Common stock issued for awards will come from newly issued shares.Time-Based Restricted Stock Awards and UnitsRestricted stock award (RSA) and restricted stock unit (RSU) activity under our equity incentive plan was as follows (in thousands, except weighted-average grant date fair values):Number of Restricted Stock AwardsWeighted-Average Grant Date Fair ValueRSAs at December 31, 2023133 $30.44 Awards vested(96)29.20 RSAs at December 31, 202437 33.66 Number of Restricted Stock UnitsWeighted-Average Grant Date Fair ValueRSUs at December 31, 20231,968 $14.35 Awards granted1,319 12.31 Awards vested(1,