Company: CPSH
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001437749-25-024312
Chunk: 3

Company: CPS TECHNOLOGIES CORP/DE/
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 28, 2025. For the six months ended June 28, 2025 a total of115,000stock options and75,000stock options were granted to employees and directors, respectively. During the quarter endedJune 29, 2024, nostock options were granted to employees under the Company’s2020Equity Incentive Plan Stock Incentive Plan (the “ Plan”) and nostock options were granted to outside directors during the quarter endedJune 29, 2024. For the six months ended June 29, 2024 a total of135,500stock options and75,000stock options were granted to employees and directors, respectively

During the threeand sixmonths endedJune 28, 2025, there were nooptions exercised and corresponding shares issued. During the threeand sixmonths endedJune 29, 2024, there were no options exercised and corresponding shares issued.

During the threeand sixmonths endedJune 28, 2025, the Company did notrepurchase any shares for employees to facilitate their exercise of stock options. During the threeand sixmonths endedJune 29, 2024, the Company did notrepurchase any shares for employees to facilitate their exercise of stock options.

There were also1,083,300options outstanding at a weighted average price of $2.45with a weighted average remaining term of7.36years as ofJune 28, 2025, and there were594,100options exercisable at a weighted average price of $2.40with a weighted average remaining term of6.49years as of June 28, 2025. The Plan, as amended, is authorized to issue1,500,000shares of common stock. As ofJune 28, 2025, there were421,400shares available for future grants under the 2020 Plan and141,900shares outstanding under the 2009 Plan. As ofJune 29, 2024, there were638,300shares available for future grants under the 2020 Plan and236,200shares outstanding under the 2009 Plan.

As ofJune 28, 2025, there was $559thousand of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the Plan; that cost is expected to be recognized over a weighted average period of2.41years.

During the threeand sixmonths endedJune 28, 2025, the Company recognized $49,354and $171