Company: AOSL
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001387467-25-000066
Chunk: 20

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 20
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,000)$48.44 Nonvested at September 30, 20251,393,000 $31.82 2.60$38,948,280 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 $1.2 million and $0.9 million of expenses, using the accelerated attribution method, for these PRSUs during the three months ended September 30, 2025 and 2024, respectively.The following table summarizes the Company’s PRSUs activities for the three months ended September 30, 2025: Number of Performance-based Restricted StockUnitsWeighted AverageGrant Date FairValue Per ShareWeighted AverageRemainingContractual Term(Years)Aggregate Intrinsic ValueNonvested at June 30, 2025409,563 $27.71 1.85$10,509,387 Nonvested at September 30, 2025409,563 $27.71 1.59$11,451,381 Employee Share Purchase Plan (“ESPP”)The assumptions used to estimate the fair values of common shares issued under the ESPP were as follows:Three Months Ended September 30,2025Volatility rate71.0%Risk-free interest rate4.1%Expected term1.3 yearsDividend yield—%Share-based Compensation Expense The total share-based compensation expense recognized in the Condensed Consolidated Statements of Loss for the periods presented was as follows:Three Months Ended September 30,20252024(in thousands)Cost of goods sold$1,065 $1,015 Research and development1,859 1,935 Selling, general and administrative4,208 3,952 $7,132 $6,902 As of September 30, 2025, total unrecognized compensation cost under the Company’s share-based compensation plans was $45.7 million, which is expected to be recognized over a weighted-average period of 2.4 years.

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ALPHA AND OMEGA SEMICONDUCTOR LIMITEDNOTES TO CONDENSED CONSOLID