猫咪社区

Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation

v3.25.1
Stock-Based Compensation
3 Months Ended
Mar. 31, 2025
Stock-Based Compensation
Stock-Based Compensation

(4)听听听Stock-Based Compensation

猫咪社区 grants, to certain of its directors, employees and employees of its subsidiaries, restricted stock, restricted stock units (鈥淩SUs鈥) and stock options to purchase shares of its common stock (collectively, "Awards"). The Company measures the cost of employee services received in exchange for an equity classified Award (such as stock options and restricted stock) based on the grant-date fair value (鈥淕DFV鈥) of the Award, and recognizes that cost over the period during which the employee is required to provide service (usually the vesting period of the Award). The Company measures the cost of employee services received in exchange for a liability classified Award based on the current fair value of the Award, and remeasures the fair value of the Award at each reporting date. Stock-based compensation expense, included in selling, general and administrative expense in the accompanying condensed consolidated statements of operations, was $2 million and $13 million for the three months ended March 31, 2025 and 2024, respectively.

The Company did not grant any options to purchase shares of Series A, Series B or Series C 猫咪社区 Formula One or 猫咪社区 Live common stock during the three months ended March 31, 2025.

猫咪社区 calculates the GDFV for all of its equity classified options and the subsequent remeasurement of its liability classified options using the Black-Scholes Model. 猫咪社区 estimates the expected term of the options based on historical exercise and forfeiture data. The volatility used in the calculation for options is based on the historical volatility of 猫咪社区 common stock and, when available, the implied volatility of publicly traded 猫咪社区 options. 猫咪社区 uses a zero-dividend rate and the risk-free rate for Treasury Bonds with a term similar to that of the subject options.

Outstanding Awards

The following tables present the number and weighted average exercise price ("WAEP") of options to purchase 猫咪社区 common stock granted to certain officers, employees and directors of the Company, as well as the weighted average remaining life and aggregate intrinsic value of the options. 听

猫咪社区 Formula One

Series听C

听听听听

听听听听

听听听听

Weighted

听听听听

Aggregate

average

intrinsic

猫咪社区

remaining

value

options听(000's)

WAEP

life

(millions)

Outstanding at January听1, 2025

4,138

$

39.53

Granted

$

Exercised

(2)

$

62.92

Forfeited/Cancelled

$

Outstanding at March 31, 2025

4,136

$

39.51

2.3

years

$

209

Exercisable at March 31, 2025

3,940

$

38.19

2.1

years

$

204

猫咪社区 Live

Series听C

听听听听

听听听听

听听听听

Weighted

听听听听

Aggregate

average

intrinsic

猫咪社区

remaining

value

options听(000's)

WAEP

life

(millions)

Outstanding at January听1, 2025

1,230

$

42.68

Granted

$

Exercised

$

Forfeited/Cancelled

$

Outstanding at March 31, 2025

1,230

$

42.68

2.8

years

$

31

Exercisable at March 31, 2025

1,169

$

42.98

2.7