Quarterly report [Sections 13 or 15(d)]

STOCKHOLDERS??? EQUITY

v3.26.1
STOCKHOLDERS’ EQUITY
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
STOCKHOLDERS’ EQUITY

4. STOCKHOLDERS’ EQUITY

 

STOCK-BASED COMPENSATION

 

The Company recognized stock-based compensation expense related to common stock, stock options and warrants for the three months ended March 31, 2026 and 2025 of $1,328 and $966, respectively, which is included within compensation expense on the condensed consolidated statements of operations. As of March 31, 2026, there was $2,014 of unrecognized stock-based compensation expense that will be recognized over the weighted average remaining vesting period of 1.98 years.

 

RESTRICTED STOCK UNITS

 

The Company grants Restricted Stock Units (“RSUs”) to employees, executives, and members of the Board of Directors under the Company’s equity incentive plan. RSUs represent a right to receive shares of the Company’s common stock upon vesting and have no exercise price. The RSUs vest ratably over service periods of one to three years from the date of grant, subject to the recipient’s continued service with the Company. Upon vesting, the RSUs automatically settle and convert into unrestricted shares of the Company’s common stock. The fair value of RSUs is determined based on the closing price of the Company’s common stock on the date of grant.

 

A summary of the RSU activity during the three months ended March 31, 2026 is presented below:

 

SCHEDULE OF RSU ACTIVITY

          Weighted  
          Average  
        Grant Date  
    Number of Shares     Fair Value Per Share  
Outstanding, January 1, 2026     1,474,443     $ 1.57  
Granted     3,677,979       0.71  
Vested     (2,057,340 )     0.81  
Cancelled/forfeited/expired     (109,634 )     2.41  
Outstanding, March 31, 2026     2,985,448     $ 1.00  

 

As of March 31, 2026, 1,216,811 of RSUs that vested during the three months ended March 31, 2026 remain unissued.

 

 

BLINK CHARGING CO.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(in thousands, except for share and per share amounts)