v3.26.1
STOCKHOLDERS’ EQUITY
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2026 of $694 and $2,022, respectively, which is included within compensation expense on the condensed consolidated statements of operations. The Company recognized stock-based compensation expense related to common stock, stock options and warrants for the three months and six months ended June 30, 2025 of $787 and $1,753, respectively, which is included within compensation expense on the condensed consolidated statements of operations. As of June 30, 2026, there was $3,044 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 six months ended June 30, 2026 is presented below:

 

       Weighted 
       Average 
   Number of   Grant Date 
   Shares   Fair Value 
Outstanding, January 1, 2026   1,474,443   $1.57 
Granted   8,789,929    0.51 
Vested   (2,983,949)   0.96 
Cancelled/forfeited/expired   (158,280)   2.14 
Outstanding, June 30, 2026   7,122,143   $0.51 

 

As of June 30, 2026, 1,515,698 of RSUs that vested during the six months ended June 30, 2026 remain unissued.

 

 

BLINK CHARGING CO.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

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