A-Mark Precious Metals, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

12 Months Ended

Jun. 30, 2021

Schedule of Estimated Grant Date Fair Value of Stock Options

The weighted-averages for key assumptions used in determining the fair value of options granted during the years ended June 30, 2021 and 2020 follows:

	Years Ended
	June 30, 2021			June 30, 2020
Average volatility		41.76	%		36.37	%
Risk-free interest rate		0.46	%		1.62	%
Weighted-average expected life in years		6.1			6.3
Dividend yield rate annual		0.0	%		0.0	%

Summary of Stock Option Activity

The following table summarizes the stock option activity for the year ended June 30, 2021.

	Options			Weighted Average Exercise Price Per Share		Aggregate Intrinsic Value (in thousands)		Weighted Average Grant Date Fair Value Per Award
Outstanding at June 30, 2020		1,249,813		$	15.24	$	6,061	$	5.34
Granted		196,000		$	35.50
Exercises		(285,185	)	$	13.30
Cancellations, expirations and forfeitures		(1,600	)	$	18.66
Outstanding at June 30, 2021		1,159,028		$	16.01	$	35,343	$	6.88
Exercisable at June 30, 2021		692,651		$	13.76	$	22,675	$	5.78

Summary of Status of Stock Option Outstanding

Following is a summary of the status of stock options outstanding as of June 30, 2021.

Exercise Price Ranges				Options Outstanding						Options Exercisable
From		To		Number of Shares Outstanding		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Number of Shares Exercisable		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price
$	—	$	10.00		452,246		6.19	$	6.58		227,092		3.93	$	6.20
$	10.01	$	15.00		174,115		7.11	$	11.42		128,892		6.96	$	11.60
$	15.01	$	25.00		376,667		5.18	$	20.01		336,667		4.70	$	19.70
$	25.01	$	60.00		156,000		9.69	$	38.79		—		—	$	—
					1,159,028		6.47	$	16.01		692,651		4.87	$	13.76

Summary of Nonvested Stock Option Activity

The following table summarizes the nonvested stock option activity for the year ended June 30, 2021.

	Options			Weighted Average Grant Date Fair Value Per Award
Nonvested Outstanding at June 30, 2020		423,002		$	4.14
Granted		196,000		$	14.70
Vested		(152,625	)	$	4.32
Nonvested Outstanding at June 30, 2021		466,377		$	8.52

Summary of Restricted Stock Unit Activity

The following table summarizes the RSU activity for the year ended June 30, 2021:

	Awards Outstanding		Weighted Average Fair Value per Unit at Grant Date
Outstanding at June 30, 2020		—	$	—
Shares granted		12,721	$	37.72
Outstanding at June 30, 2021		12,721	$	37.72
Exercisable at June 30, 2021		—	$	—