SBC can occur at any time and impact quarterly and annual reports. These are not considered one-time events, but there are a few reasons why the impact was larger in its recent quarter than prior quarters. The most recent quarter was for the period ending March 2024, and not only has the stock price seen a significant rise in value, incentivizing employees to exercise their options, but also, it was a new calendar year, which can further incentivize employees to exercise in Q1 rather than the prior year for tax purposes. Much of this is theoretical, and overall we do not think the company was overly generous, but rather these are standard practices to encourage retention of top talent, and the performance of the stock price is key, which clearly demonstrates a fundamentally-sound company.
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