In connection with the IPO, the Company adopted the Vince 2013 Incentive Plan, which provides for grants of stock options, stock appreciation rights, restricted stock and other stock-based awards. In May 2018, the Company filed a Registration Statement on Form S-8 to register an additional 660,000 shares of common stock available for issuance under the Vince 2013 Incentive Plan. Additionally, in September 2020, the Company filed a Registration Statement on Form S-8 to register an additional 1,000,000 shares of common stock available for issuance under the Vince 2013 Incentive Plan. The aggregate number of shares of common stock which may be issued or used for reference purposes under the Vince 2013 Incentive Plan or with respect to which awards may be granted may not exceed 1,000,000 shares. The shares available for issuance under the Vince 2013 Incentive Plan may be, in whole or in part, either authorized and unissued shares of the Company’s common stock or shares of common stock held in or acquired for the Company’s treasury. In general, if awards under the Vince 2013 Incentive Plan are cancelled for any reason, or expire or terminate unexercised, the shares covered by such award may again be available for the grant of awards under the Vince 2013 Incentive Plan. As of October 29, 2022, there were 871,288 shares under the Vince 2013 Incentive Plan available for future grants. Options granted pursuant to the Vince 2013 Incentive Plan typically vest in equal installments over four years, subject to the employees’ continued employment and expire on the earlier of the tenth anniversary of the grant date or upon termination as outlined in the Vince 2013 Incentive Plan. Restricted stock units (“RSUs”) granted typically vest in equal installments over a three-year period or vest in equal installments over four years, subject to the employees’ continued employment.

The Company maintains an employee stock purchase plan (“ESPP”) for its employees. Under the ESPP, all eligible employees may contribute up to 10% of their base compensation, up to a maximum contribution of $10 per year. The purchase price of the stock is 90% of the fair market value, with purchases executed on a quarterly basis. The plan is defined as compensatory, and accordingly, a charge for compensation expense is recorded to selling, general and administrative (“SG&A”) expense for the difference between the fair market value and the discounted purchase price of the Company’s common stock. During the nine months ended October 29, 2022, 7,266 shares of common stock were issued under the ESPP. During the nine months ended October 30, 2021, 7,270 shares of

common stock were issued under the ESPP. As of October 29, 2022, there were 62,834 shares available for future issuance under the ESPP.

A summary of stock option activity for the nine months ended October 29, 2022 is as follows:


	Stock Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value (in thousands)
Outstanding at January 29, 2022		58	$	38.77		3.7	$	—
Granted		—	$	—
Exercised		—	$	—
Forfeited or expired		—	$	—
Outstanding at October 29, 2022		58	$	38.77		2.9	$	—

Vested and exercisable at October 29, 2022		58	$	38.77		2.9	$	—

A summary of restricted stock unit activity for the nine months ended October 29, 2022 is as follows:


	Restricted Stock Units			Weighted Average Grant Date Fair Value
Non-vested restricted stock units at January 29, 2022		628,883		$	10.48
Granted		277,402		$	7.80
Vested		(255,951	)	$	9.84
Forfeited		(85,883	)	$	10.48
Non-vested restricted stock units at October 29, 2022		564,451		$	9.46

The Company recognized share-based compensation expense of $477 and $596, including expense of $59 and $72 related to non-employees, during the three months ended October 29, 2022 and October 30, 2021, respectively. The Company recognized share-based compensation expense of $1,637 and $1,485, including expense of $248 and $181, respectively, related to non-employees, during the nine months ended October 29, 2022 and October 30, 2021, respectively.