TEN Holdings, Inc. Stock Compensation Disclosure
On September 27, 2024, the Company’s Board of Directors approved the Company’s 2024 Equity Incentive Plan (the “Equity Incentive Plan”). On October 10, 2024, the Company granted stock options to certain individuals who were the Company’s directors and employees to purchase an aggregate of shares of common stock at an exercise price of $ per share. The options have a contractual term of ten years and vest upon the satisfaction of service conditions for Company employees and performance conditions for Company directors. Of the stock options granted, stock options vested on February 18, 2025 upon the completion of the Company’s IPO.
| Expected term | years | |||
| Expected volatility | % | |||
| Expected dividend rate | % | |||
| Risk-free rate | % | |||
The Company recognized stock-based compensation expenses of $ and during the year ended December 31, 2025 and 2024, respectively. Stock-based compensation expenses are included in selling, general and administrative expenses in the Consolidated Statements of Operations.
Number of shares | Weighted- Average Grant- Date Fair Value | Weighted-average remaining contractual term (in years) | ||||||||||
| Unvested balance as of December 31, 2024 | 176,017 | $ | ||||||||||
| Granted | 21,925 | |||||||||||
| Vested | (74,862 | ) | ||||||||||
| Forfeited | (13,825 | ) | ||||||||||
| Unvested balance as of December 31, 2025 | 109,255 | $ | ||||||||||
As of December 31, 2025, the Company’s unrecognized stock-based compensation expense for unvested options was $.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 18, 2026 | Showing above |
| 2024 | Mar 28, 2025 | |
About Stock Compensation Disclosures
Stock-based compensation disclosures detail the equity awards granted to employees and executives — including stock options, restricted stock units (RSUs), and performance shares — along with the valuation methods and assumptions used to expense them. This section reveals the true cost of talent retention and the alignment between management incentives and shareholder interests.
Key signals: total unrecognized compensation expense and its expected recognition period signal future earnings headwinds from already-granted awards. For stock options, examine Black-Scholes assumptions — expected volatility, risk-free rate, and expected term — as understating any of these reduces reported compensation expense. Compare stock compensation expense as a percentage of revenue against peers to assess dilution cost. Watch vesting schedules for acceleration clauses tied to change-of-control events. Performance-based awards with undemanding targets may indicate weak governance. Add back stock compensation to operating cash flow to calculate a more conservative free cash flow figure.