Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Stock Option and Warrants Activity

The following table summarizes the activity for stock options and warrants for the nine months ended September 30, 2025:


	Stock Options						Warrants
	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (In Thousands)		Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (In Thousands)
Outstanding at December 31, 2024	1,440,535	$	8.82	5.46	$	157.0	1,496,744	$	40.52	1.29	$	7.5

Changes during the period:
Granted	111,400	3.80					—	—

Exercised	(4,329)	1.88					—	—
Forfeited	(17,930)	3.53					—	—
Expired	(26,795)	141.14					—	—
Outstanding at September 30, 2025	1,502,881	$	6.17	5.02	$	110.3	1,496,744	$	40.52	0.55	$	—
Vested at September 30, 2025 or expected to vest in the future	1,495,374	$	6.18	5.00	$	110.3	1,496,744	$	40.52	0.55	$	—
Vested at September 30, 2025	1,337,823	$	6.51	4.58	$	109.5	1,496,744	$	40.52	0.55	$	—

Schedule of Restricted Stock Activity

During the nine months ended September 30, 2025 and 2024, the Company issued restricted stock for services as follows (in thousands, except share data):


	Nine Months Ended September 30,
	2025		2024
Number of shares of restricted stock issued	215,550		203,800
Value of restricted stock issued	$	819	$	628

The following is a summary of the changes in non-vested restricted stock for the nine months ended September 30, 2025:


	Restricted Stock Shares	Weighted Average Grant-Date Fair Value
Non-vested at December 31, 2024	228,428	$	3.67

Changes during the Year:
Granted	215,550	$	3.80
Vested	(161,492)	$	4.20
Forfeited	(17,450)	$	3.50
Non-vested at September 30, 2025	265,036	$	3.46

Schedule of Restricted Stock Units Activity

During the nine months ended September 30, 2025 and 2024, the Company issued restricted stock units for services as follows (in thousands, except share data):


	Nine Months Ended September 30,
	2025		2024
Number of restricted stock units issued	78,945		205,300
Value of restricted stock units issued	$	300	$	632

The following is a summary of the changes in non-vested restricted stock units for the nine months ended September 30, 2025:


	Restricted Stock Units	Weighted Average Grant-Date Fair Value
Non-vested at December 31, 2024	103,800	$	3.28

Changes during the Year:
Granted	78,945	$	3.80
Vested	(103,800)	$	3.28
Forfeited	—	$	—
Non-vested at September 30, 2025	78,945	$	3.80

LISATA THERAPEUTICS, INC. 10-Q