Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 790

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 8
Chunk 790
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         Vested  (194)  15.10         Forfeited (2)  (70)  15.75         Unvested, May 30, 2025  664  $16.89   2.1  $6,330  (1)Includes 277,000 original performance-based awards, of which 80,000 performance-based awards have target achievement goals whereby the grantee can earn up to 200% of the original award (up to 161,000 shares) if the maximum target goals are met. During the year ended May 30, 2025, 23,000 shares were earned as a result of target goals being met in excess of 100% achievement. The remaining awards are earned at 100% if the target goals are achieved.  (2)Includes 54,000 performance-based awards for which target goals have not been achieved.  During fiscal 2025, the Company recorded stock-based compensation related to RSUs, PRSUs, performance restricted shares and restricted shares of $3.7 million. As of May 30, 2025, the total unrecognized compensation expense related to unvested RSU, PRSU and restricted shares was $6.9 million. This expense will be amortized on a straight-line basis over a weighted average period of approximately 2.1 years.

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Stock Options The following table summarized the stock option transactions during fiscal 2025:   Number of Shares  Weighted Average Exercise Price  Weighted Average Remaining Contractual Term  Aggregated Intrinsic Value   (in thousands)  Per Share  (In Years)  (in thousands) Balances, May 31, 2024  702  $4.37   3.3  $5,320 Options terminated  (2)            Options exercised  (55)            Balances, May 30, 2025  645  $4.47   2.3  $3,619 Options exercisable, May 30, 2025  585  $3.85   2.1  $3,531 Options exercisable and expected to vest  645  $4.47   2.3  $3,619  The fair value of the Company