Quarterly report [Sections 13 or 15(d)]

Note 5 - Stock Incentive Plan - Option Activity (Details)

v3.25.2
Note 5 - Stock Incentive Plan - Option Activity (Details) - $ / shares
 6 Months Ended
Jun. 30, 2025
Balance (in shares) 428,915
Balance, exercise price (in dollars per share) $ 19.35
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) [1] 225,881
Granted, exercise price (in dollars per share) [1] $ 31.5
Forfeited(2)(3) (in shares) [2],[3] (23,527)
Forfeited, exercise price (in dollars per share) [2],[3] $ 5.58
Exercised (in shares) (4,738)
Exercised, exercise price (in dollars per share) $ 4.25
Balance (in shares) 626,531
Balance, exercise price (in dollars per share) $ 24.36
Unvested options outstanding expected to vest(3) (in shares) [3] 218,807
Unvested options outstanding expected to vest(3), exercise price (in dollars per share) [3] $ 27.64
[1] 225,881 options vest as follows: options to purchase 8,270 shares of the Company’s common stock vesting immediately upon grant date; options to purchase 2,000 shares of the Company’s common stock vesting monthly over one year; options to purchase 51,143 shares of the Company’s common stock vesting quarterly over one year; options to purchase 164,468 shares of the Company’s common stock vesting 6/48ths on the six-month anniversary of vesting commencement date and 1/48th per month thereafter.
[2] Forfeited options represent unvested shares and vested, unexercised and expired shares related to employee terminations.?
[3] Forfeitures only include known forfeitures to date as the Company accounts for forfeitures as they occur due to a limited history of forfeitures.