Gaia, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Share-Based Compensation (Tables)

Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Variables Used in Black-Scholes Option Pricing Model to Determine Estimated Grant Date Fair Value for Options Granted

The following are the variables we used in the Black-Scholes option pricing model to determine the estimated grant date fair value for options granted under the Plan for each of the years presented:

	2018	2017
Expected volatility	41%	38% - 41%
Weighted-average volatility	41%	38%
Expected dividends	—%	—%
Expected term (in years)	6.6	3.2 - 3.5
Risk-free rate	2.86%	1.45% - 1.99%

Summary of Activity

The table below presents a summary of activity under the Plan, as of December 31, 2018, and changes during the year then ended:

(in thousands, except share and per share amounts)	Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at January 1, 2018		1,436,348		$	7.67
Option grants		7,257			14.95
Restricted stock unit grants		316,661			—
Exercised options		(45,800	)		5.86
Cancelled or forfeited options		(32,000	)		7.36
Cancelled or forfeited restricted stock units		(98,241	)		—
Outstanding at December 31, 2018		1,584,225		$	7.97		4.4	$	12,563,473
Exercisable options at December 31, 2018		274,540		$	7.30		6.4	$	853,670

Summary of Valuation Data

The table below presents our valuation data for the Plan:

(in thousands, except per share amounts)	2018		2017
Valuation Data:
Weighted-average fair value (per share)	$	14.95	$	7.68
Total stock-based compensation expense	$	1,650	$	1,833
Total income tax impact on provision	$	346	$	585

Summary of RSU’s by Vest Date

The table below presents our RSU’s by vest date:

Vest Date	RSU's
March 16, 2020		348,841
January 1, 2021		12,294
March 31, 2022		565,449
January 1, 2023		12,294
March 31, 2024		292,073
		1,230,951