Company: MRCY
Filing Date: 2025-08-11
Form Type: 10-K
Source: 0001049521-25-000024
Chunk: 132

Company: MERCURY SYSTEMS INC
Filing Date: 2025-08-11
Form: 10-K
Item: Item 8
Chunk 132
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 ESPP during fiscal years 2025, 2024 and 2023 was 0, 167 and 145, respectively. There were an immaterial amount of shares related to the 1997 Plan issued and returned to the reserve during fiscal 2025.The Company adopted a new employee stock purchase plan (the “2024 ESPP”) in April 2024. The Company's shareholders approved the plan at the Company’s 2024 annual meeting of shareholders, the number of shares authorized for issuance under the 2024 ESPP is 1,000 shares. Under the 2024 ESPP, rights are granted to purchase shares of common stock at 85% of the lesser of the market value of such shares at either the beginning or the end of each six-month offering period. The 2024 ESPP permits employees to purchase common stock through payroll deductions, which may not exceed 10% of an employee’s compensation as defined in the 2024 ESPP. As of June 27, 2025, 130 shares have been issued under the 2024 ESPP. Shares available for future purchase under the 2024 ESPP totaled 870 as of June 27, 2025.STOCK OPTION AND AWARD ACTIVITYOn August 15, 2023, the Company announced that William L. Ballhaus was appointed as the Company’s President and Chief Executive Officer. Mr. Ballhaus received an onboarding grant of premium-priced stock options ("New Hire Option") under the 2018 Plan. The Company and Mr. Ballhaus are parties to an employment agreement, which is included in exhibit 10.1 on Form 8-K filed by the Company with the SEC on August 15, 2023.The following table summarizes activity with respect to Company-issued stock options since June 30, 2023:Options OutstandingNumber ofSharesWeighted AverageGrant DateFair ValueWeighted AverageExercise PriceWeighted AverageRemainingContractual Term (Years)AggregateIntrinsic Value as of 6/28/2024Outstanding at June 30, 2023— — $— — — Granted934 $12.71 $45.00 Exercised— $— Cancelled— $— Outstanding at June 28, 2024934 $12.71 $45.00 3.69 years$— Granted— $— Exercised—