Equity Compensation Plans |
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| Equity Compensation Plans | 18. Equity Compensation Plans
2017 Equity Incentive Plan
The Purple Innovation, Inc. 2017 Equity Incentive Plan (the “2017 Plan”) provides for grants of stock options, stock appreciation rights, restricted stock units and other stock-based awards. Directors, officers and other employees, as well as others performing consulting or advisory services for the Company and its subsidiaries, are eligible for grants under the 2017 Plan. As of June 30, 2026, an aggregate of 0.1 million shares remain available for issuance or use under the 2017 Plan.
Employee Stock Options
The following table summarizes the Company’s total stock option activity for the six months ended June 30, 2026:
The estimated fair value of Company stock options is amortized over the options vesting period on a straight-line basis. All outstanding stock options were vested as of January 1, 2026 and there was remaining unrecognized stock compensation cost. There was stock option expense for the three and six months ended June 30, 2026 and was de minimis for the three and six months ended June 30, 2025.
Employee Restricted Stock Units
The following table summarizes the Company’s restricted stock unit activity for the six months ended June 30, 2026:
The Company recorded restricted stock unit expense recapture benefit of $0.4 million and $0.2 million during the three and six months ended June 30, 2026, respectively, and a restricted stock unit expense of $0.4 million and $0.8 million during the three and six months ended June 30, 2025, respectively.
For restricted stock units outstanding as of June 30, 2026, there were $0.2 million of total unrecognized stock compensation costs with a remaining recognition period of 1.1 years.
Aggregate Non-Cash Stock-Based Compensation
The Company has accounted for all stock-based compensation under the provisions of ASC 718 Compensation—Stock Compensation. This standard requires the Company to record a non-cash expense associated with the fair value of stock-based compensation over the requisite service period.
The following table summarizes the aggregate non-cash stock-based compensation recognized in the statement of operations for stock awards, employee stock options and employee restricted stock units (in thousands):
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