Redwire Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Equity-Based Compensation (Tables)

Equity-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Share Based Payment Award Stock Options Valuation Assumptions

In connection with the amended Edge Incentive Unit Plan the Company determined the weighted average fair value at the modification date of the Edge Incentive Units as $13.94 per unit using Black-Scholes OPM with the following assumptions:


	June 23, 2025
Strike price	$1.00 to $7.71
Redwire common stock price	$15.36
Time to exit	1.52 to 2.52 years
Expected volatility	94.00% to 89.30%
Risk-free rate of return	3.88% to 3.78%
Expected annual dividend yield	—	%

Schedule of Option Activity

The table below presents the activity of stock options under the Plan:


	Number of Options	Weighted-Average Grant Date Fair Value per Share		Weighted-Average Exercise Price per Share		Weighted-Average Remaining Contractual Term (Years)




















Outstanding as of December 31, 2025	1,729,272	$	2.65	$	6.99	6.04

Exercised	(60,000)	1.80		3.13


Outstanding as of March 31, 2026	1,669,272	$	2.68	$	7.13	5.77

Schedule of Performance Stock Units and Restricted Stock Units Activity

The table below presents the activity of PSUs under the Plan:


	Number of PSUs	Weighted-Average Grant Date Fair Value per Share		Weighted-Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value








Outstanding as of December 31, 2025	1,050,057	$	18.45	1.3	$	7,980


Forfeited	(10,579)	22.86
Outstanding as of March 31, 2026	1,039,478	$	18.37	1.0	$	8,836

The table below presents the activity of RSUs under the Plan:


	Number of RSUs	Weighted-Average Grant Date Fair Value per Share		Weighted-Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value
















Unvested as of December 31, 2025	1,967,811	$	13.49	1.1	$	14,955
Granted	88,218	10.96

Forfeited	(28,551)	12.27
Unvested as of March 31, 2026	2,027,478	$	12.92	0.9	$	17,234

Schedule of Stock Compensation Expense

The table below presents the equity-based compensation expense recorded for the following periods:



	Three Months Ended
		March 31, 2026		March 31, 2025
Cost of sales
Edge Incentive Units		$	474	$	—
ESPP		52		108

Restricted stock units		280		375
Performance-based restricted stock units		—		21
Total cost of sales		$	806	$	504



Selling, general and administrative expenses
Edge Incentive Units		$	42,057	$	—
ESPP		61		59
Stock options		—		112
Restricted stock units		2,036		1,025
Performance-based restricted stock units		1,775		1,212
Total selling, general and administrative expenses		$	45,929	$	2,408

Total equity-based compensation expense		$	46,735	$	2,912