Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 1246

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 1246
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.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 
 Vested   (558,223)  17.41 
 Unvested at December 31, 2024   384,783  $16.88 

   The total fair value of RSUs that vested during the year ended  December 31, 2024 was $9,716.
    
   Stock-Based Compensation Expense —The following table summarizes stock-based compensation expense recorded in each financial statement line item in the Company’s consolidated statements of operations and comprehensive loss for the year ended  December 31, 2024 and 2023 (in thousands):

       Year ended December 31,  
   2024    2023  
 Cost of revenue  $—  $136 
 Research and development   3,433   6,821 
 Sales and marketing   247   2,993 
 General and administrative   5,367   8,121 
 Total stock-based compensation  $9,047  $18,071 

   The total unrecognized compensation expense for RSUs was $5,603 as of  December 31, 2024 which is expected to be recognized over an estimated weighted average period of 1.03 years. The total unrecognized compensation expense for the ESPP was $282 as of  December 31, 2024 which is expected to be recognized over an estimated weighted average period of 1.00 years.  There is no unrecognized compensation expense for stock options as of  December 31, 2024.

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   The Company uses the Black-Scholes option-pricing model to estimate the grant-date fair value of ESPP purchase