Company: LIDRW
Filing Date: 2025-04-28
Form Type: DEFA14A
Source: 0000947871-25-000427
Chunk: 5

Company: AEye, Inc.
Filing Date: 2025-04-28
Form: DEFA14A
Chunk 5
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 senior management has ever made an open market sale of shares in the Company. However, as previously disclosed, over the
past two years, Mr. Dussan has sold over half of his AEye stock, which had the effect of decreasing his position from 9.29% as of March
26, 2024 to only 1.56% as of April 4, 2025. The Dissident Group has demonstrated no belief in the future of the Company.

⁘ Our Board and management’s compensation programs and stock ownership reflect a belief in the future of AEye and alignment with our stockholders. While the Dissident Group has significantly divested their stake in the Company, our current management and Board have increased their ownership in AEye.

We tie compensation to value drivers as a core tenet of our compensation
philosophy. For 2024, some members of our executive team elected to receive 75% of their short-term incentive compensation in stock rather
than cash, to better align their interests with our stockholders. In the same time period as the Dissident Group’s sell-off, despite
no long-term incentive equity grants since 2023, the number of shares owned by current CEO Mr. Fisch has increased by almost 700%.

⁘ The proposals submitted by the Dissident Group make it clear that their goals are not aligned with the Company’s success, just their own.

The Dissident Group has presented three advisory proposals to our stockholders,
two of which involve handcuffing the Board’s ability to make decisions in the best interests of the Company and all stockholders.
Although only advisory at this point, if adopted, our Board believes these proposals would have the practical effect of prohibiting the Company from raising further necessary capital to execute on its business plan and bring Apollo to market, ultimately risking bankruptcy and the loss of your investment in its entirety. The Dissident Group either does not care about, or has failed to think about, the
broader corporate and stockholder risk of these actions.

⁘ The Dissident Group has no plan.

The Dissident Group has had ample opportunity to present a plan for AEye’s
future and long-term stockholder value creation, both in their engagement with management and within their proxy filing, but they have
presented no plan. The Board and management team have repeatedly given the Dissident Group an audience to discuss strategic suggestions,
and the Dissident Group has failed to present any actionable plan each time.

⁘ The members of the Dissident Group