Quarterly report [Sections 13 or 15(d)]

COMPENSATION PLANS

v3.25.3
COMPENSATION PLANS
9 Months Ended
Sep. 30, 2025
Compensation Related Costs [Abstract]  
COMPENSATION PLANS

NOTE 10. COMPENSATION PLANS

 

Amended and Restated 2019 Equity Incentive Plan

 

In April 2019, the Company adopted the Greenlane Holdings, Inc. 2019 Equity Incentive Plan (the “2019 Plan”). The Plan has been amended and restated several times since adoption. As of September 30, 2025, the Company’s equity incentive plan balances, including the total shares authorized for issuance, awards outstanding, and shares available for future grant, reflect all amendments approved through that date, including the plan’s evergreen feature. Changes approved after September 30, 2025 are disclosed in “Subsequent events” in Note 13.

 

Equity-Based Compensation Expense

 

Equity-based compensation expense is included within “salaries, benefits and payroll taxes” in our condensed consolidated statements of operations and comprehensive loss. We recognized equity-based compensation expense as follows:

 

(in thousands)   2025     2024  
   

Nine months ended

September 30,

 
(in thousands)   2025     2024  
Stock options - Class A common stock   $     $  
Restricted shares - Class A common stock           86  
Total equity-based compensation expense   $     $ 86  

 

The Company did not record equity-based compensation for the three months ended September 30, 2025 and 2024, respectively. As of September 30, 2025, there was no remaining unrecognized compensation expense.