What was the total fair value of non-vested shares for Camp Margaritaville as of December 31, 2023?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
| --------------- | -- | ||||||
|---|---|---|---|---|---|---|---|
| Shares | Shares | ||||||
| Non-vested as of December 31, 2023 | _ | $ - | $ - | 1,295 | $ 11,287,097 | ||
| Non-vested as of December 31, 2024 | _ | $ - | $ - | 925 | $ 7,978,109 |
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, as of December 31, 2023, the total fair value of non-vested shares was $11,287,097. This figure represents the value of shares that have been issued but have not yet fully vested to the holders.
For a prospective franchisee, understanding the share structure and valuation can provide insights into the financial health and equity distribution within the Camp Margaritaville organization. Non-vested shares typically have conditions attached, such as continued employment or performance milestones, that must be met before the holder gains full ownership. The fair value is an estimate of what these shares would be worth if they were fully vested and tradable.
The table also shows that as of December 31, 2023, there were 1,295 non-vested shares. Monitoring changes in vested and non-vested shares over time can help franchisees understand potential shifts in ownership and control within the company. Reviewing the notes to the consolidated financial statements provides additional context regarding equity, share issuances, and valuation methodologies.