Company: AOSL
Filing Date: 2025-09-18
Form Type: DEF 14A
Source: 0001387467-25-000054
Chunk: 44

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-09-18
Form: DEF 14A
Chunk 44
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 grants between July 1, 2025 and August 31, 2025.

Based on the Company’s common shares outstanding as of August 31, 2025, the additional 593,000 shares under the 2018 Plan represents an overhang of approximately 1.8% of our fully diluted shares. The Company calculates “fully diluted shares” as the total number of shares outstanding plus shares underlying outstanding awards and shares available for issuance under future equity awards.

Our Board believes that the number of shares under the 2018 Plan (as proposed to be increased) represents a reasonable amount of potential equity dilution, which will allow the Company to continue to grant equity awards which are an important component of our compensation program.

Burn Rate

In connection with our share-based compensation programs, we are committed to using equity incentive awards prudently and within reasonable limits. Accordingly, we closely monitor our share award “burn rate” each year. Our annual burn rate is determined by dividing the number of our common shares subject to time-based restricted share unit awards (“RSUs”) we grant, or the number of our common shares vested in the case of performance-based restricted share unit awards (“PSUs”) and market-based restricted share unit awards (“MSUs”), in a fiscal year by the weighted average number of our common shares outstanding for that fiscal year.

| Fiscal Year |     | RSUs Granted |         |     | PSUs/MSUs Vested |         |     | Witholding Tax for RSUs/PSUs/MSUs Vested |          |     | Total RSU Granted or Vested if PSUs/MSUs |           |     | Weighted Average Common Share Outstanding |            |     | Burn Rate |     |      |
| 2025(1)     |     |              | 655,738 |     |                  | 403,910 |     |                                          | -327,793 |     |                                          |   731,855 |     |                                           | 29,405,090 |     |           |     | 2.5% |
| 2024        |     |              | 679,993 |     |                  | 398,632 |     |                                          |        — |     |                                          | 1,078,625 |     |                                           | 28,236,084 |     |           |     | 3.8% |
| 2023        |     |              | 714,080 |     |                  | 206,132 |