What was the total number of My Salon Suite options outstanding on December 31, 2022?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
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Information with respect to options under these plans are as follows:
| Outstanding Options | Weighted Average Exercise Price | |
|---|---|---|
| Total options outstanding, December 31, 2022 | 22,612 | $ 1,169.50 |
| Issued | 2,530 | 2, |
Source: Item 6 — Other Intangibles and Goodwill (FDD pages 274–314)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, the total number of options outstanding on December 31, 2022, was 22,612. The weighted average exercise price for these options was $1,169.50. The average remaining contractual life of these options was 7.1 years.
In 2022, My Salon Suite issued 2,530 options with a weighted average exercise price of $2,214.19. During the same year, 580 options were exercised at a price of $1,000.00, and 494 options were forfeited at a price of $1,673.52.
As of December 31, 2022, 6,305 options were vested. Understanding the terms and conditions of these options, including vesting schedules and exercise prices, is important for assessing the company's financial health and potential future equity dilution.