Company: AOSL
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001387467-25-000066
Chunk: 59

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 59
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 to (i) extend the performance period through December 31, 2022 and (ii) change the commencement date for the four-year time-based service period to January 1, 2023.  The fair value of these MSUs was recalculated to reflect the change as of August 31, 2020 and the unrecognized compensation amount was adjusted to reflect the increase in fair value.  The Company recorded $0.1 million and $0.2 million of expenses for MSUs during the three months ended September 30, 2025 and 2024, respectively.

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ALPHA AND OMEGA SEMICONDUCTOR LIMITEDNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

The following table summarizes the Company’ MSUs activities for the three months ended September 30, 2025: Number of Market-based Restricted StockUnitsWeighted AverageGrant Date FairValue Per ShareWeighted AverageRemainingContractual Term(Years)Aggregate Intrinsic ValueNonvested at June 30, 20251,436,000 $32.32 2.89$36,847,760 Forfeited(43,000)$48.44 Nonvested at September 30, 20251,393,000 $31.82 2.60$38,948,280 Performance-based Restricted Stock Units (“PRSUs”)In March of each year since year 2017, the Company granted PRSUs to certain personnel.  The number of shares to be earned under the PRSUs is determined based on the level of attainment of predetermined financial goals.  The PRSUs vest in four equal annual installments from the first anniversary date after the grant date if certain predetermined financial goals were met.  The Company recorded approximately $1.2 million and $0.9 million of expenses, using the accelerated attribution method, for these PRSUs during the three months ended September 30, 2025 and 2024, respectively.The following table summarizes the Company’s PRSUs activities for the three months ended September 30, 2025: Number of Performance-based Restricted StockUnitsWeighted AverageGrant Date FairValue Per ShareWeighted AverageRemainingContractual Term(Years)Aggregate Intrinsic ValueNonvested at June 30, 2025409,563 $27.71 1.85$10,509,387 Nonvested at September