Redwire Corporation Quarterly report pursuant to Section 13 or 15(d)

Equity-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2024

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, 2023	2,102,591	$	2.69	$	7.20	7.42
Granted	—	—		—
Expired	—	—		—
Forfeited	(3,832)	2.18		4.95
Outstanding as of March 31, 2024	2,098,759	$	2.60	$	7.20	7.16

The table below presents the activity of performance-based restricted stock units 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, 2023	706,097	$	3.15	2.0	$	2,012
Granted	—	—
Vested	—	—
Forfeited	(10,000)	3.15
Outstanding as of March 31, 2024	696,097	$	3.15	1.8	$	3,056

The table below presents the activity of restricted stock units 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, 2023	2,851,215	$	3.89	1.2	$	8,126
Granted	65,201	2.97
Vested	(52,500)	2.96
Forfeited	(75,210)	3.94
Unvested as of March 31, 2024	2,788,706	$	3.88	1.0	$	12,242

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



	Three Months Ended
	March 31, 2024		March 31, 2023
Cost of sales
ESPP	$	35	$	—
Stock options	9		46
Restricted stock units	606		673
Performance-based restricted stock units	4		—
Total cost of sales	$	654	$	719

Selling, general and administrative expenses

ESPP	$	24	$	—
Stock options	412		361
Restricted stock units	1,235		878
Performance-based restricted stock units	210		—
Total selling, general and administrative expenses	$	1,881	$	1,239

Total equity-based compensation expense	$	2,535	$	1,958