v3.25.1
Share-Based Compensation
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation Share-Based Compensation
The Company has various stock compensation plans, which are more fully described in Part II, Item 8 “Financial Statements and Supplementary Data—Note 12 to the Consolidated Financial Statements—Share-Based Compensation” in the Company’s 2024 Annual Report on Form 10-K. Under the Beauty Health Company 2021 Incentive Award Plan, the Company may grant stock options, stock appreciation rights, restricted stock, restricted stock units, dividend equivalents, other stock or cash-based awards to eligible service providers.
Share-based compensation expense was as follows for the periods indicated:

Three Months Ended March 31,
(in thousands)20252024
Cost of sales$150 $(404)
Selling and marketing217 2,424 
Research and development143 676 
General and administrative2,966 3,940 
Total share-based compensation$3,476 $6,636 

As of March 31, 2025, total unrecognized compensation expense related to unvested share-based compensation totaled $36.2 million and is expected to be recognized over a weighted-average period of 2.2 years.
Restricted Stock Units (“RSU”) and Performance-based Restricted Stock Units (“PSU”)

The following table summarizes the Company’s RSU and PSU activity:
Weighted Average Grant Date Fair Value
RSU Shares
PSU Shares
RSU
PSU
Outstanding - January 1, 2025
7,254,391 1,237,822 $4.56 $5.93 
Granted 9,698,526 1,676,134 1.33 2.12 
Vested (483,396)— 10.76 — 
Forfeited(656,513)(68,339)5.57 10.40 
Outstanding - March 31, 2025
15,813,008 2,845,617 $2.34 $3.58 

Stock Options

The following table summarizes the Company’s stock option activity:

Shares
Weighted Average Exercise PriceWeighted Average Remaining Contractual Term (in years)
Outstanding - January 1, 2025
3,483,070 $13.64 5.29
Granted — — 
Exercised
— — 
Forfeited(71,500)14.90 
Expired(266,250)13.76 
Outstanding - March 31, 2025
3,145,320 13.60 5.03
Vested and Exercisable - March 31, 2025
2,505,615 13.60 4.75
Options vested and expected to vest - March 31, 2025
3,145,320 $13.60 5.03