What was the reported fair value of options vested during the year 2022 for Annex Brands?

According to Annex Brands' 2025 Franchise Disclosure Document, the fair value of options vested during the year 2022 was $19,000. This figure represents the estimated value of stock options that employees or other parties were entitled to exercise during that year. These options vested, meaning the recipient had met the conditions required to have the right to purchase shares at a predetermined price.

The fair value of vested options is a financial metric that can provide insights into the company's compensation practices and its use of equity-based incentives. For potential investors or franchisees, it offers a glimpse into how Annex Brands motivates and rewards its employees or key stakeholders. It is important to note that this is a non-cash expense, meaning it does not directly impact the company's cash flow but reflects the cost of providing equity-based compensation.

It's also worth noting that the FDD includes information on the intrinsic value of options exercised during the year, which was significantly higher at $282,000 for 2022. The intrinsic value represents the difference between the market price of the stock and the exercise price of the options, indicating the actual gain realized by those who exercised their options during that year. The fair value of options vested and the intrinsic value of options exercised provide different perspectives on the company's stock option activity and its impact on both the company and the option holders.