Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 28

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 28
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 (25,069 | ) |     | $                              |  27,919 |
| 2023 |     | $                                                          |      — |     | $                                                                      |  92,897 |     | $                                                                                  | — |     | $                                                                            | 88,184 |   |     | $                                                                                                      | (54,248 | ) |     | $                              | 126,833 |

| (5) | Cumulative total shareholder return (“TSR”) assumes $100 is                                                                                
 invested in Pro-Dex, Inc. common stock as of July 1, 2022. The TSR represents the cumulative value of the $100 investment as of the end    
 of each fiscal year presented (each, a measurement period). Pursuant to SEC rules, TSR is calculated by dividing the sum of the cumulative 
 amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price       
 at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.            
 However, as the Company does not pay dividends, TSR in this proxy statement is calculated by dividing the difference between the Company’s 
 share price at the end and the beginning of the measurement periods by the Company’s share price at the beginning of the measurement       
 period.                                                                                                                                    |

| (6) | The dollar amounts reported represent the amount of net income reflected 
 in the Company’s audited financial statements for the applicable year.   |

Analysis of the Information Presented in the Pay versus Performance Table

Our executive compensation
program reflects a variable pay-for-performance philosophy, utilizing several performance measures to align executive compensation
with our performance. Moreover, we generally seek to incentivize long-term performance, and therefore do not specifically align our performance
measures with compensation that is actually paid (as computed in accordance with Item 402(v) of Regulation S-K) for a particular
year. In accordance with Item 402(v) of Regulation S-K, we are providing the following descriptions of the relationships between
information presented in the Pay versus Performance table.

| 14 |

CAP and TSR

As demonstrated by the
following graph, the amount of CAP for 2023, 2024 and 2025 and the CAP is generally aligned with our TSR over the three years presented
in the table. The alignment of CAP with our TSR over the period presented is because a significant portion of the CAP is comprised of
equity awards.

CAP and Net Income

As demonstrated