Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 950

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 6
Chunk 950
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 satisfaction of the market condition. The market condition would have been satisfied if the closing price of the Company's common stock, as reported by NASDAQ, met or exceeded $36.00 per share for any ten (10) consecutive trading days prior to  March 1, 2024. As the market condition was not satisfied by  March 1, 2024, the market-based RSUs were forfeited.

       90

   A summary of stock option activity related to the Plans as of  December 31, 2024 is as follows:

           Weighted    Weighted      
   Outstanding    Average    Average    Aggregate  
   Stock    Exercise    Contractual    Intrinsic  
   Options    Price    Life (Years)    Value  
 Balance at December 31, 2023   289,015  $11.29   3.07  $— 
 Granted   —   —         
 Exercised   (44,255)  3.02         
 Forfeited   (1,504)  18.79         
 Expired   (103,936)  13.23         
 Balance at December 31, 2024   139,320  $12.39   3.84  $— 
 Vested and expected to vest as of December 31, 2024   139,320  $12.39   3.84  $— 
 Vested and exercisable as of December 31, 2024   139,320  $12.39   3.84  $— 

   The aggregate intrinsic value is the difference between the current fair value of the underlying common stock and the exercise price for in-the-money stock options. The Company did not grant any options during the years ended  December 31, 2024 and 2023.
    
   The following table summarizes the RSU award activity under the Plans:

           Weighted  
       Average  
       Grant date  
       Fair Value  
   Shares    per Share  
 Unvested at December 31, 2023   652,453  $30.29 
 Granted   497,543   3.89 
 Forfeited   (206,990)  26.52