Company: CPSH
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001437749-25-008032
Chunk: 29

Company: CPS TECHNOLOGIES CORP/DE/
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 29
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 to purchase 200,000 shares of Common Stock at $2.93 per share, which vests in five equal annual installments commencing the first anniversary of the date of grant and has a 10 year term. The dollar amount presented represents the aggregate fair value of the award on the date of grant computed pursuant to FASB ASC Topic 718 in the Company’s financial statements, not reduced by the estimated forfeiture rate. The fair value of the option was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions used for grants in fiscal 2023: dividend yield of 0%, expected volatility of 59.7%, risk-free interest rate of 4.24%, and expected life of 5 years. |

| (8) | Amount represents an award on April 25, 2023 of an option to purchase 15,000 shares of Common Stock at $2.66 per share, which vests in five equal annual installments commencing the first anniversary of the date of grant and has a 10 year term. The dollar amount presented represents the aggregate fair value of the award on the date of grant computed pursuant to FASB ASC Topic 718 in the Company’s financial statements, not reduced by the estimated forfeiture rate. The fair value of the option was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions used for grants in fiscal 2023: dividend yield of 0%, expected volatility of 59.7%, risk-free interest rate of 3.43%, and expected life of 5 years. |

| (9) | Amount represents an award on February 28, 2024 of an option to purchase 15,000 shares of Common Stock at $2.34 per share, which vests in five equal annual installments commencing the first anniversary of the date of grant and has a 10 year term. The dollar amount presented represents the aggregate fair value of the award on the date of grant computed pursuant to FASB ASC Topic 718 in the Company’s financial statements, not reduced by the estimated forfeiture rate. The fair value of the option was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions used for grants in fiscal 2023: dividend yield of 0%, expected volatility of 61.2%, risk-free interest rate of 4.26%, and expected life of 5 years. |

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