Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 575

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 5
Chunk 575
---
 (In Years)  (in thousands) Balances, May 31, 2024  702  $4.37   3.3  $5,320 Options terminated  (2)            Options exercised  (55)            Balances, May 30, 2025  645  $4.47   2.3  $3,619 Options exercisable, May 30, 2025  585  $3.85   2.1  $3,531 Options exercisable and expected to vest  645  $4.47   2.3  $3,619  The fair value of the Company’s stock options granted to employees was estimated on the date of grant using the Black-Scholes model and the straight-line attribution approach with the following weighted average assumptions:   Year Ended   May 31,  May 31,   2024  2023        Expected term (in years)   5  5-6 Volatility  93%  86%Risk-free interest rates  4.34%  3.12%Weighted average grant date fair value $36.02  $6.29  No options were granted during the year ended May 30, 2025. The total intrinsic values of options exercised were $0.6 million, $9.5 million, and $17.1 million during fiscal 2025, 2024, and 2023, respectively.  During fiscal year 2025, the Company recorded stock-based compensation related to its stock options of $0.5 million. As of May 30, 2025, the Company had $0.4 million of total unrecognized compensation expense related to unvested stock options granted and outstanding which is expected to be recognized over a weighted average remaining period of 1.3 years. Employee Stock Purchase Plan The ESPP permits employees to purchase common stock at a discount through payroll withholdings at certain specified dates (purchase period) within a defined offering period. The purchase price is 85.0% of the fair market value of the common stock at the end of the purchase period and is intended to qualify as an “employee stock purchase plan” under Section 423 of the Internal Revenue Code. For the fiscal years ended May 30,