Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 391

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 2
Chunk 391
---
70 Options terminated   2 Balance, May 30, 2025  801  Restricted Stock Units, Performance Restricted Stock Units and Restricted Stock Awards The Company’s nonvested RSU, PRSU and restricted stock awards granted to employees and members of the Company’s Board of Directors for the fiscal year ended May 30, 2025 were as follows:   Number of Shares  Weighted Average Grant Date Fair Value  Weighted Average Remaining Contractual Term  Aggregate Intrinsic Value   (in thousands)  Per Share  (In Years)  (in thousands) Unvested, May 31, 2024  294  $20.08   2.3  $3,381 Granted (1)  634   14.74         Vested  (194)  15.10         Forfeited (2)  (70)  15.75         Unvested, May 30, 2025  664  $16.89   2.1  $6,330  (1)Includes 277,000 original performance-based awards, of which 80,000 performance-based awards have target achievement goals whereby the grantee can earn up to 200% of the original award (up to 161,000 shares) if the maximum target goals are met. During the year ended May 30, 2025, 23,000 shares were earned as a result of target goals being met in excess of 100% achievement. The remaining awards are earned at 100% if the target goals are achieved.  (2)Includes 54,000 performance-based awards for which target goals have not been achieved.  During fiscal 2025, the Company recorded stock-based compensation related to RSUs, PRSUs, performance restricted shares and restricted shares of $3.7 million. As of May 30, 2025, the total unrecognized compensation expense related to unvested RSU, PRSU and restricted shares was $6.9 million. This expense will be amortized on a straight-line basis over a weighted average period of approximately 2.1 years.

 53Table of Contents

Stock Options The following table summarized the stock option transactions during fiscal 2025:   Number of Shares  Weighted Average Exercise Price  Weighted Average Remaining Contractual Term  Aggregated In