STOCK BASED COMPENSATION PLANS

6 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

NOTE 9 – STOCK BASED COMPENSATION PLANS

The Company follows ASC Topic 718, Compensation – Stock Compensation, which addresses accounting for equity-based compensation arrangements, including employee stock options and restricted stock units.

For additional information regarding the Company’s stock-based compensation plans, see Note 15 – Stock Based Compensation Plans in the Company’s Annual Report on Form 10-K for the year ended June 30, 2025.

There were no new stock option grants or modifications during the six months ended December 31, 2025.

Stock option valuation assumptions are consistent with those described in Note 15 to the Company’s Annual Report on Form 10-K for the year ended June 30, 2025.

During the six months ended December 31, 2025 and 2024, the Company recorded stock-based compensation expense of $28,000 and $65,000, respectively, related to stock options. As of December 31, 2025, the aggregate intrinsic value of options outstanding and exercisable was $3,126,000.

The following table summarizes the stock options activity from July 1, 2024 to December 31, 2025:

SCHEDULE OF STOCK OPTION ACTIVITY

		Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Life		Aggregate Intrinsic Value

Oustanding at	July 1, 2024		269,195	$	16.81		4.15 years	$	1,187,000
Granted			-		-		-		-
Exercised			-		-		-		-
Forfeited			-		-		-		-
Exchanged			-		-		-		-
Outstanding at	June 30, 2025		269,195		16.81		3.15 years	$	125,000
Exercisable at	June 30, 2025		257,195	$	15.57		3.30 years	$	125,000
Vested and expected to vest at	June 30, 2025		269,195	$	16.81		3.15 years	$	125,000

Oustanding at	July 1, 2025		269,195	$	16.81		3.15 years	$	125,000
Granted			-		-		-		-
Exercised			-		-		-		-
Forfeited			-		-		-		-
Exchanged			-		-		-		-
Outstanding at	December 31, 2025		269,195		16.81		2.65 years	$	3,126,000
Exercisable at	December 31, 2025		263,195	$	16.54		2.71 years	$	3,126,000
Vested and expected to vest at	December 31, 2025		269,195	$	16.81		2.65 years	$	3,126,000

As of December 31, 2025, unrecognized compensation cost related to unvested stock options was not material and is expected to be recognized over a weighted-average period of approximately 1.55 years. Cash received from option exercises was $0 for each of the six months ended December 31, 2025 and 2024, and the total intrinsic value of options exercised was also $0 for those periods. Weighted-average grant-date fair value of options granted was not applicable for 2025 (no grants) and was not material for 2024. Approximately 14,000 shares remained available for future grant under the 2010 Incentive Plan as of December 31, 2025, consistent with the Equity Compensation Plan Information table included in the Company’s Form 10-K for the year ended June 30, 2025.

INTERGROUP CORP 10-Q