Company: AAOI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025450
Chunk: 120

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 120
---
  Value  
 ​   (in thousands, except price data and Contractual Life)  
 Outstanding at January 1, 2025   1,447   —  $7.72  $53,347 
 Granted   719   —   6.94   8,851 
 Exercised   (978) $14.76   2.48   14,431 
 Forfeited   —   —   —   — 
 Outstanding, June 30, 2025   1,189   —   11.55   30,541 
 Vested and expected to vest   1,189   —  $11.55  $30,541 

   As of  June 30, 2025, there was $7.4 million of unrecognized stock-based compensation expense related to outstanding PSUs, which expense is expected to be recognized over 2.0 years.
    
   Restricted Stock Units
    
   The following is a summary of RSU activity:

       ​    Weighted    ​    ​  
 ​   ​    Average Share    Weighted    Aggregate  
 ​   Number of    Price on Date    Average Fair    Intrinsic  
 ​   shares    of Release    Value    Value  
 ​   (in thousands, except price data)  
 Outstanding, January 1, 2025   2,231   —  $6.04  $82,243 
 Granted   481   —   12.23   5,887 
 Released   (636) $20.33   6.26   12,940 
 Cancelled/Forfeited   (21)  —   6.82   542 
 Outstanding, June 30, 2025   2,055   —   7.42   52,797 
 Vested and expected to vest   2,055   —  $7.42  $52,797 

   ​
   As of  June 30, 2025, there was $13.8 million of unrecognized compensation expense related to these RSUs. This expense is expected to be recognized over 2.5 years.

       19

   Share