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

Quarterly report [Sections 13 or 15(d)]

EMPLOYEE STOCK PLANS (Tables)

EMPLOYEE STOCK PLANS (Tables)

6 Months Ended

Feb. 28, 2025

The following table summarizes the combined stock option activity for the 2014 Equity Plan and 2024 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, 2024	524,500	$	9.42	4.7	$	877
Granted	—		—
Net settlement exercised	(35,000)		7.89
Forfeited / Expired	—		—
Outstanding at February 28, 2025	489,500	$	9.52	4.3	$	1,161
Options exercisable at February 28, 2025	472,500	$	9.54	4.2	$	1,116


Outstanding at August 31, 2023	563,000	$	9.15	5.5	$	1,221
Granted	—		—
Net settlement exercised	(32,000)		—
Forfeited / Expired	—		—
Outstanding at February 29, 2024	531,000	$	9.36	5.2	$	689

Non-Vested Options

The following table summarizes the activity and value of non-vested options under the 2014 Equity Plan and 2024 Equity Plan for the periods presented:


	Number of Options	Weighted Average Grant Date Fair Value
Non-vested options outstanding at August 31, 2024	59,000	$	4.45
Granted	—		—
Vested	(42,000)		4.66
Forfeited / Expired	—		—
Non-vested options outstanding at February 28, 2025	17,000	$	3.93

Non-vested options outstanding at August 31, 2023	111,000	$	4.47
Granted	—		—
Vested	(52,000)		4.41
Forfeited	—		—
Non-vested options outstanding at February 29, 2024	59,000	$	4.45