Stockholders' Equity

12 Months Ended

Dec. 31, 2024

Stockholders' Equity

Stockholders' Equity

Note 7 – Stockholders’ Equity

Common Stock

Stock options exercised for common stock, shares of common stock issued under the Solid Power, Inc. 2021 Employee Stock Purchase Plan (the “ESPP”), shares of common stock issued upon vesting of RSUs, shares of restricted stock issued to non-employees, and shares of common stock repurchased under the stock repurchase program for the years ended December 31, 2024 and 2023 are summarized in the table below.

	For the Years Ended December 31,
	2024	2023
Shares of common stock issued upon exercise of stock options	5,141,728	2,490,275
Shares of common stock issued under the ESPP	387,664	287,224
Shares of common stock issued upon vesting of RSUs	1,229,645	226,201
Shares of restricted common stock issued to non-employees	298,508	—
Shares of common stock repurchased	(5,704,401)	—

The table below presents the cash received or paid associated with common stock related activities for the years ended December 31, 2024 and 2023.

	For the Years Ended December 31,
	2024		2023
Cash received from exercise of stock options	$	273	$	220
Cash received from shares of common stock issued under the ESPP		412		434
Cash paid for shares of common stock repurchased		(9,072)		—

Stock Repurchase Program

On January 23, 2024, the Company announced that its Board of Directors (the “Board”) approved a stock repurchase program authorizing the Company to purchase up to $50,000 of the Company’s outstanding common stock. Under the repurchase program, the Company may purchase shares of its common stock from time to time until the repurchase program expires on December 31, 2025.

The table below presents the number of shares repurchased and retired, the aggregate cost paid to repurchase such shares of common stock, including principal and commissions paid and excise tax accrued, and the average cost paid per share of common stock repurchased and retired for the year ended December 31, 2024. The repurchased shares were subject to excise tax of 1% of which is accounted for within Additional paid-in capital and accrued within Accounts payable and other current liabilities in the Consolidated Balance Sheets.

	For the Year Ended December 31,
	2024
Repurchased and retired shares of common stock		5,704,401
Principal paid for shares of common stock	$	8,959
Commissions paid for shares of common stock	$	113
Total cash paid to repurchase and retire shares of common stock	$	9,072
Excise tax accrued	$	90
Average cost paid per share	$	1.59