Company: AOSL
Filing Date: 2025-08-28
Form Type: 10-K
Source: 0001628280-25-041297
Chunk: 35

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-08-28
Form: 10-K
Item: Item 15
Chunk 35
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 form of restricted share units covering that number of common shares determined by dividing one hundred sixty thousand dollars ($160,000) by the average fair market value per share for the ninety (90)-day period preceding the grant date, up to a maximum of 10,000 shares.Under the 2018 Plan, incentive share options and RSU are to be granted at a price that is not less than 100% and nonstatutory share options are to be granted at not less than 85% of the fair value of the common shares, at the date of grant for employees and consultants.  Options and RSUs generally vest over a four-year to five-year period, and are exercisable for a maximum period of ten years after the date of grant.  The fair value of RSU, including time-based restricted stock units and performance-based restricted stock units is based on the market price of the Company's common shares on the date of grant.Time-based Restricted Stock Units (“TRSU”)The total fair value of TRSUs vested during the years ended June 30, 2025, 2024 and 2023 was $17.9 million, $15.6 million and $13.0 million, respectively.  The following table summarizes the Company’s TRSU activities:  Number of Time-based Restricted StockUnitsWeighted AverageGrant Date FairValue Per ShareWeighted AverageRemainingRecognitionPeriod (Years)Aggregate Intrinsic ValueNonvested at June 30, 20221,169,609 $34.03 $38,994,764 Granted714,080 $27.70 Vested(451,549)$28.84 Forfeited(47,075)$33.40 Nonvested at June 30, 20231,385,065 $32.48 $45,430,132 Granted679,993 $23.12 Vested(521,109)$30.00 Forfeited(74,814)$30.34 Nonvested at June 30, 20241,469,135 $29.13 $54,901,575 Granted655,738 $29.39 Vested(574,664)$31.17 Forfeited(58,283)$28.25 Nonvested at June 30, 20251,491,926 $28.50 1.66$38,282,821