Company: AOSL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001387467-25-000044
Chunk: 28

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 28
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Performance-based Restricted Stock Units (“PRSUs”)In March of each year since year 2017, the Company granted PRSUs to certain personnel.  The number of shares to be earned under the PRSUs is determined based on the level of attainment of predetermined financial goals.  The PRSUs vest in four equal annual installments from the first anniversary date after the grant date if certain predetermined financial goals were met.  The Company recorded approximately $1.0 million and $2.9 million of expense for these PRSUs during the three and nine months ended March 31, 2025, respectively, and $0.8 million and $2.0 million of expense for the three and nine months ended March 31, 2024, respectively.The following table summarizes the Company’s PRSUs activities for the nine months ended March 31, 2025: Number of Performance-based Restricted StockUnitsWeighted AverageGrant Date FairValue Per ShareWeighted AverageRemainingContractual Term(Years)Aggregate Intrinsic ValueNonvested at June 30, 2024344,125 $30.69 1.73$12,859,951 Granted209,750 $27.61 Vested(133,910)$33.60 Forfeited(10,402)$48.65 Nonvested at March 31, 2025409,563 $27.71 2.10$10,181,736 Stock Options The Company did not grant any stock options during the nine months ended March 31, 2025 and 2024.  The following table summarizes the Company’s stock option activities for the nine months ended March 31, 2025:WeightedWeightedAverage AverageRemaining Number ofExercise PriceContractual AggregateSharesPer ShareTerm (in years)Intrinsic ValueOutstanding at June 30, 202410,000 $9.07 0.13$283,000 Exercised(10,000)$9.07 $265,267 Outstanding at  March 31, 20250 $0.00 0.00$0.00 

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ALPHA AND OMEGA SEMICONDUCTOR LIMITEDNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

Employee Share Purchase Plan (“ESPP”)The assumptions used to estimate the fair values of common shares issued under the ESPP were