Company: LASR
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001124796-25-000154
Chunk: 33

Company: NLIGHT, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 33
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Special 2025 PRSUs") was made that will vest upon meeting certain performance criteria. The number of units earned is based on achievement of specified stock price goals that can be achieved over a 6-year period ("Performance Period") beginning on August 13, 2025 ("Grant Date"). These Special 2025 PRSUs will be earned if nLIGHT’s volume-weighted average closing price ("VWAP") over a trailing consecutive 60-day period during the Performance Period meets or exceeds the stock price performance goals below:•Approximately 1/3 of the Special 2025 PRSUs will be earned if nLIGHT’s VWAP equals or exceeds $30.00;•an additional 1/3 of the Special 2025 PRSUs will be earned if nLIGHT’s VWAP equals or exceeds $35.00; and•the final 1/3 of the Special 2025 PRSUs will be earned if nLIGHT’s VWAP equals or exceeds $40.00.In total, up to 100% of the Special 2025 PRSUs will be earned if all stock price hurdles are attained. 50% of the earned units will vest on January 3, 2028 and the other 50% will vest on January 3, 2029 subject to continued service through the applicable vesting date. The Special 2025 PRSU grant information is as follows (in thousands, except weighted-average grant date fair value):Fiscal Year Granted 2025Performance periodAugust 13, 2025 - August 13, 2031Weighted-average grant date fair value$25.44Number of awards granted 2,157The fair value of the Special 2025 PRSUs was measured on the grant date using a Monte Carlo simulation model utilizing several key assumptions, including the following:Fiscal Year Granted 2025Expected share price volatility (nLIGHT)63.7%Risk-free rate of return3.8%

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The expense attribution periods for the Special 2025 PRSUs will coincide with the explicit service periods of 2.4 and 3.4 years beginning August 13, 2025 and ending January 3, 2028 and January 3, 2029, respectively. As of September 30, 2025, none of the stock price performance goals for the Special 2025 PRSU grant have been met.During the three months ended June 30, 2025, we granted