Company: AWRE
Filing Date: 2025-05-13
Form Type: 8-K
Source: 0000950170-25-070273
Chunk: 1

Company: AWARE INC /MA/
Filing Date: 2025-05-13
Form: 8-K
Item: Item 5.02
Chunk 1
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 Performance Goal Target Bonus will be payable with respect to that Performance Goal;

• If our performance in 2025 with respect to the Performance Goal is equal to the Performance Goal Target, 100% of the Performance Goal Target Bonus will be payable with respect to that Performance Goal; and

• If our performance in 2025 with respect to the performance goal is between the Performance Goal Threshold and the Performance Goal Target, the amount of the bonus payable with respect to that Performance Goal will be determined by linear interpretation.

In addition, the Compensation Committee established an enhanced target for the revenue Performance Goal, which is equal to 130% of the revenue Performance Goal Target. An incremental bonus of up to 300% of each Participant’s total target bonus will be paid if our 2025 revenue falls between the Performance Goal Target for revenue and the enhanced target. If 2025 revenue falls between the Performance Goal Target and the enhanced target, the bonus amount will be determined through linear interpolation. No further bonus will be paid for exceeding the enhanced target.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

                           AWARE, INC.                               
  Dated: May 13, 2025      By:              /s/ David K. Traverse    
                                            David K. Traverse        
                                            Chief Financial Officer