Company: LASR
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001124796-25-000043
Chunk: 45

Company: NLIGHT, INC.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 45
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 payout is earned. The maximum payout is 200% for 175% achievement of the adjusted EBITDA target, with a flat slope from 0% to 200% payout.

The following is an illustration of the calculation of individual cash incentive payments for our named executive officers.

| % Achievement of Annual Company Financial Targets |     | x |     | Individual Target Incentive Opportunity |     | = |     | Annual Cash Incentive Plan Payout |

The following table shows the level of achievement against the applicable financial targets set at the beginning of 2024:

| 2024 Financial Targets          |     | Target |     |  Actual |     | Weight |     | Achievement |
| Revenue (in millions)           |     | $232.1 |     |  $198.5 |     | 25%    |     | 0%          |
| Adjusted EBITDA(in millions)(1) |     |   $7.2 |     | $(17.2) |     | 75%    |     | 0%          |
| Total                           |     |        |     |         |     | 100%   |     | 0%          |

(1) A reconciliation of GAAP net loss to adjusted EBITDA (non-GAAP) for 2024 is provided in Appendix A.

For 2024, no cash incentive awards were paid as the minimum thresholds of the financial targets were not achieved. Accordingly, there are no cash incentive payments for 2024 reflected in the Summary Compensation Table below.

#### Long-Term Equity Incentives
Our 2018 Plan authorizes us to grant different types of equity awards, including stock options, time-based restricted stock awards ("RSAs") or RSUs and performance-based RSAs or RSUs. Equity awards to our

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named executive officers are determined by the compensation committee in accordance with the 2018 Plan and our administrative guidelines. Equity compensation is used to reward performance and contributions to our company, as well as to promote retention.

The compensation committee believes that equity compensation is a key component of our pay-for-performance compensation philosophy and is an effective way to align compensation for named executive officers over a multi-year period directly with the interests of our stockholders by motivating and rewarding creation and preservation of stockholder value. Equity awards to our named executive officers are generally made on an annual basis, along with the annual equity awards made to other employees of our company. All annual grants