Company: MRCY
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001049521-25-000017
Chunk: 46

Company: MERCURY SYSTEMS INC
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 46
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28, 2024934 $12.71 $45.00 — Granted— — Exercised— — Canceled— — Outstanding at March 28, 2025934 12.71 45.00 2.98 years— Exercisable at March 28, 2025— $— $— — — There were no options vested or exercised during the nine months ended March 28, 2025. Non-vested stock options are subject to the risk of forfeiture until the fulfillment of specified conditions. As of March 28, 2025, there was $6,685 of total unrecognized compensation cost related to non-vested options granted that is expected to be recognized over a weighted-average period of 1.98 years from March 28, 2025. The following table summarizes the status of the Company’s non-vested restricted stock awards and deferred stock awards since June 28, 2024: Non-vested Restricted Stock Awards Number ofSharesWeighted AverageGrant DateFair ValueOutstanding at June 28, 20241,526 $41.35 Granted902 39.93 Vested(394)44.22 Forfeited(164)42.04 Outstanding at March 28, 20251,870 $39.36 STOCK-BASED COMPENSATION EXPENSEThe Company recognizes expense for its share-based payment plans in the Consolidated Statements of Operations and Comprehensive Loss in accordance with ASC 718, Compensation - Stock Compensation (“ASC 718”). The Company had $1,410 and $456 of capitalized stock-based compensation expense on the Consolidated Balance Sheets for the periods ended March 28, 2025 and June 28, 2024, respectively. Under the fair value recognition provisions of ASC 718, stock-based compensation cost is measured at the grant date based on the value of the award and is recognized as expense over the service period, net of estimated forfeitures. The following table presents share-based compensation expenses included in the Company’s Consolidated Statements of Operations and Comprehensive Loss: Third Quarters EndedNine Months Ended March 28, 2025March 29, 2024March 28, 2025March 29, 2024Cost of revenues$813 $1,299 $759 $2,119 Selling, general