Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2025

Stock-based compensation is recorded in the consolidated statements of operations as follows (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
Cost of goods sold	$	39	$	65	$	112	$	123
Research and development		161		400		431		728
Sales and marketing		88		75		161		155
General and administrative		315		667		806		1,247
Total stock-based compensation expense	$	603	$	1,207	$	1,510	$	2,253

The following table summarizes the outstanding stock option activity during the period indicated (shares in thousands):


				Weighted average
	Number of stock options			Exercise price		Remaining contractual term (in years)		Aggregate intrinsic value (in thousands)
Balance at December 31, 2024		2,376		$	9.12		5.9	$	2,357
Granted		309		$	4.56
Exercised		(111	)	$	1.66			$	236
Expired/Forfeited		(21	)	$	11.57
Balance at June 30, 2025		2,553		$	8.87		6.1	$	227

Vested and exercisable at June 30, 2025		1,815		$	10.41		5.0	$	111
Vested and expected to vest at June 30, 2025		2,553		$	8.87		6.1	$	227

The following table summarizes the Company’s restricted stock unit (RSU) activity during the period indicated (shares in thousands):


	Restricted stock units			Weighted average grant date fair value
Balance at December 31, 2024		835		$	5.95
Grants		342		$	4.53
Vested and released		(282	)	$	6.37
Forfeited		(53	)	$	5.41
Balance at June 30, 2025		842		$	5.27

The following table summarizes the Company’s performance stock unit (PSU) activity during the period indicated (shares in thousands):


	Performance stock units			Weighted average grant date fair value
Balance at December 31, 2024		110		$	1.79
Grants		—		$	—
Vested and released		—		$	—
Forfeited		(110	)	$	1.79
Balance at June 30, 2025		—		$	—

AIRGAIN INC 10-Q