Company: AWRE
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058702
Chunk: 27

Company: AWARE INC /MA/
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 27
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 Vesting                   |     |               | -        |   |     |                                            |       - |   |
| Total Change in Fair Value                                       |     |               | (150,261 | ) |     |                                            | 116,228 |   |

Specific assumptions used to determine the fair value of options in the table above, using the Black-Scholes valuation model were expected term of 6.25 years based on the simplified method, volatility of 53% based on an average of historical volatility over the expected term of the stock options, and risk-free interest rate of 4.2% based on the U.S. Treasury yield curve equal to the expected term of the stock option. The following table shows, for the periods presented in the foregoing table, the relationship between, on the one hand, the compensation actually paid to Mr. Eckel and the average compensation actually paid to our other named executive officers and, on the other hand, each of: • Our cumulative total shareholder return since December 31, 2021, the last trading day before fiscal year 2022; and • Our net loss over the last three years.

| Year 
 2024 |     | Compensation Actually Paid to Mr. Eckel ($) |  185,215 |   |     | Average Compensation Actually Paid to NEOs other than Mr. Eckel ($) | 514,427 |     | Total Shareholder return since December 31 2021 |  14 | % |     | Net Loss ($) | 4,431 |
|:-----|:----|:--------------------------------------------|---------:|:--|:----|:--------------------------------------------------------------------|--------:|:----|:------------------------------------------------|----:|:--|:----|:-------------|------:|
| 2023 |     |                                             |  598,508 |   |     |                                                                     | 470,449 |     |                                                 | -47 | % |     |              | 7,314 |
| 2022 |     |                                             | (351,996 | ) |     |                                                                     | 166,041 |     |                                                 | -28 | % |     |              | 1,726 |

|                                                                 | Metric |   |    2023 |   |     |   |    2024 |   |     |     | Change from 2023 to 2024 |   |
|:----------------------------------------------------------------|:-------|:--|--------:|:--|:----|:--|--------: