Stock-Based Compensation and Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2024

The following table presents option activity under the Company’s stock option plans for the years ended December 31, 2024 and 2023:

(In thousands, except share and per share data)	Number of Options			Weighted- Average Exercise Price		Aggregate Intrinsic Value
Options outstanding at January 1, 2023		896		$	22,770.75	$	—
Forfeited		(14	)		114.14
Expired		(194	)		792.69
Options outstanding at December 31, 2023		688		$	23,938.80	$	—
Granted		—
Forfeited		(449	)		26,095.64
Expired		(23	)		10,710.00
Options outstanding at December 31, 2024		216		$	18,610.56	$	—
Options vested and exercisable as of December 31, 2024		210		$	18,725.71
Options vested and expected to vest as of December 31, 2024		216		$	18,610.56

The following table summarizes information about options vested and exercisable at December 31, 2024:

		Options Vested and Exercisable
Price ($)		Number of Options		Weighted-Average Remaining Contractual Life (Years)		Weighted-Average Exercise Price
$	14,580.00		84		3.08	$	14,580.00
$	6,840.00		73		0.97	$	6,840.00
$	41,520.00		49		4.39	$	41,520.00
$	43,470.00		4		6.22	$	43,470.00

The following table summarizes information about options expected to vest after December 31, 2024:

		Options Vested and Expected to Vest
Price ($)		Number of Options		Weighted-Average Remaining Contractual Life (Years)		Weighted-Average Exercise Price
$	14,580.00		90		2.61	$	14,580.00
$	6,840.00		73		0.97	$	6,840.00
$	41,520.00		49		4.39	$	41,520.00
$	43,470.00		4		6.22	$	43,470.00

The following table presents restricted stock unit activity under the 2022 Plan for the year ended December 31, 2024:

	Number of Shares			Weighted- Average Grant Date Fair Value
Unvested at January 1, 2023		513		$	3,461.25
Granted		—			—
Vested		(161	)		3,462.00
Forfeited		(209	)		3,462.00
Unvested at December 31, 2023		143		$	3,462.00
Granted		238,874			9.60
Vested		(85,921	)		9.15
Forfeited		(50,229	)		7.05
Unvested at December 31, 2024		102,867		$	17.42

Agrify Corp 10-K/A