Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 452

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 3
Chunk 452
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 Options terminated   16 Balance, May 31, 2023   27 Shares issued under 2023 Equity Incentive Plan  1,500 Shares retired under 2016 Equity Incentive Plan  (95)Options granted  (4)RSUs granted  (221)RSUs cancelled  144 Options terminated   12 Balance, May 31, 2024  1,363 RSUs granted  (634)RSUs cancelled  70 Options terminated   2 Balance, May 30, 2025  801  Restricted Stock Units, Performance Restricted Stock Units and Restricted Stock Awards The Company’s nonvested RSU, PRSU and restricted stock awards granted to employees and members of the Company’s Board of Directors for the fiscal year ended May 30, 2025 were as follows:   Number of Shares  Weighted Average Grant Date Fair Value  Weighted Average Remaining Contractual Term  Aggregate Intrinsic Value   (in thousands)  Per Share  (In Years)  (in thousands) Unvested, May 31, 2024  294  $20.08   2.3  $3,381 Granted (1)  634   14.74         Vested  (194)  15.10         Forfeited (2)  (70)  15.75         Unvested, May 30, 2025  664  $16.89   2.1  $6,330  (1)Includes 277,000 original performance-based awards, of which 80,000 performance-based awards have target achievement goals whereby the grantee can earn up to 200% of the original award (up to 161,000 shares) if the maximum target goals are met. During the year ended May 30, 2025, 23,000 shares were earned as a result of target goals being met in excess of 100% achievement. The remaining awards are earned at 100% if the target goals are achieved.  (2)Includes 54,000 performance-based awards for which target goals have not been achieved.  During fiscal 2025, the Company recorded stock-based compensation related to RSUs, PRSUs, performance restricted shares and restricted shares of $3.7 million