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

EMPLOYEE STOCK PLANS (Tables)

3 Months Ended

Nov. 30, 2023

The following table summarizes the combined stock option activity for the 2014 Equity Plan for the periods noted:


	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Approximate Aggregate Intrinsic Value (in thousands)
Outstanding at August 31, 2023	563,000	$	9.15	5.5	$	1,221
Granted	—	$	—
Exercised	—	$	—
Forfeited / Expired	—	$	—
Outstanding at November 30, 2023	563,000	$	9.15	5.2	$	1,221
Options exercisable at November 30, 2023	504,000	$	8.95	5.1	$	1,100


Outstanding at August 31, 2022	712,500	$	8.75	5.7	$	1,489
Granted	—	$	—
Net settlement exercised	—	$	—
Forfeited / Expired	—	$	—
Outstanding at November 30, 2022	712,500	$	8.75	5.5	$	1,640

The following table summarizes the activity and value of non-vested options under the 2014 Incentive Plan for the periods presented:


	Number of Options	Weighted Average Grant Date Fair Value
Non-vested options outstanding at August 31, 2023	111,000	$	4.47
Granted	—	$	—
Vested	(52,000)	$	4.41
Forfeited / Expired	—	$	—
Non-vested options outstanding at November 30, 2023	59,000	$	4.45

Non-vested options outstanding at August 31, 2022	232,998	$	4.47
Granted	—	$	—
Vested	(101,998)	$	4.40
Forfeited	—	$	—
Non-vested options outstanding at November 30, 2022	131,000	$	4.54