Company: AOSL
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001387467-25-000066
Chunk: 57

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 57
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 obtained in exchange for lease obligations$4,430 $832 Future minimum lease payments are as follows as of September 30, 2025 (in thousands):Year ending June 30,Operating LeasesFinance LeasesThe remainder of fiscal 2026$5,186 $858 20276,660 1,144 20286,161 191 20294,519 — 20303,472 — Thereafter1,878 — Total minimum lease payments27,876 2,193 Less amount representing interest(2,945)(156)Total lease liabilities$24,931 $2,037 

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ALPHA AND OMEGA SEMICONDUCTOR LIMITEDNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

9. Shareholders’ Equity and Share-based Compensation 

Time-based Restricted Stock Units (“TRSUs”)The following table summarizes the Company’ TRSU activities for the three months ended September 30, 2025: Number of Time-based  Restricted StockUnitsWeighted AverageGrant Date FairValue Per ShareWeighted AverageRemainingContractualTerm (Years)Aggregate Intrinsic ValueNonvested at June 30, 20251,491,926 $28.50 1.66$38,282,821 Granted92,084 $27.93 Vested(59,873)$33.09 Forfeited(32,165)$26.77 Nonvested at September 30, 20251,491,972 $28.31 1.52$41,715,537 Market-based Restricted Stock Units (“MSUs”)In December 2021, the Company granted 1.0 million market-based restricted stock units (“MSUs”) to certain personnel.  The number of shares to be earned at the end of performance period was determined based on the Company’s achievement of specified stock prices and revenue thresholds during the performance period from January 1, 2022 to December 31, 2024 as well as the recipients remaining in continuous service with the Company through such period.  The MSUs vest in four equal annual installments after the end of performance period.  The Company estimated the grant date fair values of its MSUs using a Monte-Carlo simulation model.  In September 2023, the Company determined it was no longer probable that it would achieve the minimum revenue threshold specified in the awards. Therefore