| Summary of Company's Outstanding Restricted Common Stock |
The following is a summary of the Company’s outstanding restricted common shares and changes therein for the three and six months ended June 30, 2026:
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Three Months Ended |
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Six Months Ended |
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June 30, 2026 |
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June 30, 2026 |
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Number of
Restricted
Shares |
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Weighted
Average Grant
Date Fair Value |
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Number of
Restricted
Shares |
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Weighted
Average Grant
Date Fair Value |
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Nonvested at beginning of period |
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79,006 |
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$ |
22.12 |
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90,155 |
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$ |
19.72 |
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Granted |
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— |
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— |
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51,378 |
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24.87 |
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Vested |
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— |
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— |
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(62,527 |
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20.92 |
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Forfeited |
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— |
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— |
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— |
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— |
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Nonvested at end of period |
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79,006 |
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$ |
22.12 |
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79,006 |
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$ |
22.12 |
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The following is a summary of the status of the Company’s outstanding restricted common shares as of June 30, 2026:
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At June 30, 2026 |
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Date of Award |
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Shares |
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Remaining Expense |
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Remaining Vesting
Period (Years) |
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March 3, 2022 |
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1,467 |
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18 |
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0.50 |
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March 14, 2023 |
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4,373 |
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74 |
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1.50 |
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March 12, 2024 |
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10,931 |
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144 |
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2.50 |
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March 12, 2024 |
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2,586 |
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18 |
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0.50 |
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September 9, 2024 |
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858 |
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8 |
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1.25 |
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March 11, 2025 |
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13,002 |
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241 |
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3.50 |
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March 11, 2025 |
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7,269 |
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115 |
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1.50 |
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March 13, 2026 |
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15,317 |
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350 |
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4.75 |
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March 13, 2026 |
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23,203 |
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500 |
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2.75 |
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79,006 |
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1,468 |
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2.91 |
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