Company: AAOI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015518
Chunk: 25

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 —   — 
 Released   —   —   —   — 
 Cancelled/Forfeited   —   —   —   — 
 Outstanding, March 31, 2025   1,447   —   7.82   22,216 
 Vested and expected to vest   1,447   —  $7.82   22,216 

   As of  March 31, 2025, there was $4.8 million of unrecognized stock-based compensation expense related to outstanding PSUs, which expense is expected to be recognized over 1.5 years.
    
   Restricted Stock Units
    
   The following is a summary of RSU activity:

       ​    Weighted    ​    ​  
 ​   ​    Average Share    Weighted    Aggregate  
 ​   Number of    Price on Date    Average Fair    Intrinsic  
 ​   shares    of Release    Value    Value  
 ​   (in thousands, except price data)  
 Outstanding, January 1, 2025   2,231   —  $6.04  $82,243 
 Granted   7   —   27.04   184 
 Released   (339)  28.61   6.47   9,714 
 Cancelled/Forfeited   (1)  —   3.95   8 
 Outstanding, March 31, 2025   1,898   —   6.04   29,134 
 Vested and expected to vest   1,898   —  $6.04  $29,134 

   ​
   As of  March 31, 2025, there was $10.2 million of unrecognized compensation expense related to these RSUs. This expense is expected to be recognized over 2.3 years.

       16

   Share-Based Compensation
   ​
   Employee share-based compensation expenses recognized for the periods indicated (in thousands):
   ​
   
       Three months ended   
 ​   March 31,  
 ​   2025    2024  
 Share-based compensation - by expense types   ​    ​  
 Cost of goods sold