Pure Cycle Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Aug. 31, 2024

The following table summarizes the combined stock option activity for the 2014 Equity Plan and 2024 Equity Plan for the years ended August 31, 2024 and August 31, 2023:


	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	—	$	—
Net settlement exercised	(38,500)	$	—
Forfeited / Expired	—	$	—
Outstanding at August 31, 2024	524,500	$	9.42	4.7	$	877
Options exercisable at August 31, 2024	465,500	$	9.23	4.5	$	820


Outstanding at August 31, 2022	712,500	$	8.75	5.7	$	1,489
Granted	—	$	—
Net settlement exercised	(119,500)	$	—
Forfeited / Expired	(30,000)	$	—
Outstanding at August 31, 2023	563,000	$	9.15	5.5	$	1,221

Non-Vested Options

The following table summarizes the activity and value of non-vested options as of and for the years ended August 31, 2024 and August 31, 2023:


	Number of Options	Weighted Average Grant Date Fair Value
Non-vested options outstanding at August 31, 2023	111,000	$	4.43
Granted	—	$	—
Vested	(52,000)	$	4.41
Forfeited / Expired	—	$	—
Non-vested options outstanding at August 31, 2024	59,000	$	4.45

Non-vested options outstanding at August 31, 2022	232,998	$	4.47
Granted	—	$	—
Vested	(91,998)	$	4.31
Forfeited	(30,000)	$	5.16
Non-vested options outstanding at August 31, 2023	111,000	$	4.43