Company: AOSL
Filing Date: 2025-09-18
Form Type: DEF 14A
Source: 0001387467-25-000054
Chunk: 42

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-09-18
Form: DEF 14A
Chunk 42
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 plan under which equity awards may be granted to our employees and other service providers. The 2018 Plan serves as the successor to our 2009 Share Option/Share Issuance Plan (the “Predecessor Plan”) which terminated following adoption of the 2018 Plan; while no further awards may be made under the Predecessor Plan, there are outstanding awards under the Predecessor Plan as described below.

#### Determination of Share Reserve Under 2018 Plan
If this proposal is approved, the total number of authorized shares under the 2018 Plan will be increased by 593,000 shares to a total of 5,202,000, and the total number of shares available for future grants under the 2018 Plan (i.e., after deducting shares subject to outstanding awards as of August 31, 2025) will be approximately 1,106,650 shares. In determining the number of shares to be authorized for issuance under the 2018 Plan, the Board considered a number of factors, including the number of shares remaining available for issuance under the 2018 Plan, our past share usage (burn rate), the number of shares needed for future awards and a dilution analysis.

Dilution Analysis

Our compensation philosophy reflects broad-based eligibility for equity awards. However, we recognize that equity awards dilute existing shareholders, and, therefore, we are mindful to responsibly manage the growth of our equity compensation program. We are committed to effectively monitoring our equity compensation share reserve relative to our industry and broader market norms to ensure that we maximize shareholders’ value by granting the appropriate number of equity awards necessary to attract, reward, and retain employees, non-employee directors and consultants and other independent advisors.

As of August 31, 2025, 513,650 shares were available for future awards under the 2018 Plan. No awards may be granted under the Predecessor Plan. As indicated in the table below, assuming shareholders approve the amendment and restatement of the 2018 Plan as set forth in this Proposal 3, we expect to have a total of 1,106,650 shares available for issuance under the 2018 Plan.

The Company currently has awards outstanding under the 2018 Plan and the Predecessor Plan. As of August 31, 2025, there were 2,783,736 shares subject to time-based and performance-based restricted share unit awards under the 2018 Plan, and 535,500 shares subject to performance-based restricted share unit