Company: AWRE
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058702
Chunk: 23

Company: AWARE INC /MA/
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 23
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 Lazzouni and Mr. Traverse on October 31, 2024, one business day after we furnished a Form 8-K disclosing our results for the fiscal quarter ended September 30, 2024 and filed an 8-K announcing the then-impending departure of Mr. Eckel, our former Chief Executive Officer and President, and one business day before we filed our Quarterly Report on Form 10-Q for the three months ended September 30, 2024. As required by Item 402(x) of Regulation S-K under the Securities Exchange Act of 1934, as amended, we are providing the following information relating to such stock options granted to these NEOs because they were granted during the period beginning four business days before, and ending one business day

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after, the filing of a periodic report on Form 10-Q or Form 10-K, or the filing or furnishing of a current report on Form 8-K.

| Name              |     | Grant Date |     | Number of  
 Securities 
 Underlying 
 the award  |         |     | Exercise price of the award ($) |      |     | Grant Date fair value of the award ($) (1) |         |     | Percentage change in the closing market price of the securities underlying the award between the trading day ending immediately prior to the disclosure of material nonpublic information and the trading day beginning immediately following the disclosure of material nonpublic information(2) |
| Mohamed Lazzouni  |     | 10/31/2024 |     |            | 150,000 |     |                                 | 2.05 |     |                                            | 121,665 |     | (21.3)%                                                                                                                                                                                                                                                                                           |
| David K. Traverse |     | 10/31/2024 |     |            | 100,000 |     |                                 | 2.05 |     |                                            |  81,110 |     | (21.3)%                                                                                                                                                                                                                                                                                           |

(1) Each of the option awards vest annually, beginning on October 31, 2025, and continuing on each anniversary thereafter until fully vested on October 31, 2028. The aggregate grant date fair value of stock options granted during the fiscal year is computed in accordance with the provisions of ASC 718. The exercise price of the options was calculated based on the average closing price of Aware stock for the previous five business days immediately proceeding the grant. (2) Calculated using