Company: AAOI
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001104659-25-040212
Chunk: 69

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 69
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| ​                                                                              | ​ | ​ | Number ofShares ofCommon Stock |   |            |   | ​ |
| Authorized for issuance                                                        | ​ | ​ | ​                              | ​ | 80,000,000 | ​ | ​ |
| Issued and outstanding                                                         | ​ | ​ | ​                              | ​ | 55,321,915 | ​ | ​ |
| Reserved for issuance (excluding equity compensation)                          | ​ | ​ | ​                              | ​ | 11,889,237 | ​ | ​ |
| Issuable pursuant to outstanding equity awards under equity compensation plans | ​ | ​ | ​                              | ​ |  3,797,816 | ​ | ​ |
| Reserved and available for future issuance under our equity compensation plans | ​ | ​ | ​                              | ​ |  2,107,851 | ​ | ​ |
| Total share usage (sum of issued and outstanding and reserved for issuance)    | ​ | ​ | ​                              | ​ | 73,116,819 | ​ | ​ |
| Total share usage as percentage of authorized                                  | ​ | ​ | ​                              | ​ |      91.4% | ​ | ​ |

As a result of the foregoing, only approximately 6,883,000 shares of our common stock (or 8.6% of the total authorized common shares) remain available for future issuance.

48

TABLE OF CONTENTS • The limited number of authorized shares currently available for issuance will limit our ability to offer equity incentives to our directors, officers, and employees and thus adversely impact our ability to attract and retain top tier talent. This in turn could adversely impact our ability to achieve our growth objectives and other strategic goals. We believe our success depends in part on our continued ability to attract, retain, and motivate highly qualified management and key personnel, including world-class talent with some highly specialized skillsets. • The need for flexibility to consider and engage in strategic transactions. While our growth to date has largely occurred through incremental expansion, we believe there could be opportunities for further growth and expansion that could involve acquiring other companies, businesses, and technologies, or merging with existing companies. Executing on these opportunities, if and when available, would be difficult with our current share usage and availability, particularly if the transactions are structured to involve the issuance of our capital stock. • The need for flexibility to consider and engage in equity financings. Similarly, we believe we may have opportunities to expand our operations, including our research and development programs, into existing and potential