Company: LIDRW
Filing Date: 2025-05-09
Form Type: 8-K/A
Source: 0000947871-25-000480
Chunk: 2

Company: AEye, Inc.
Filing Date: 2025-05-09
Form: 8-K/A
Chunk 2
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 fully vested. The consulting agreement with Mr. Simon is expected to be terminated
on or before May 14, 2025.

Mr. Simon will receive compensation for his service
through the 2026 annual meeting in accordance with the Company’s standard compensation policies and practices for non-employee directors
of the Board, which is described in the Company’s Definitive Proxy Statement on Schedule 14A, filed with the SEC on April 7, 2025.

Other than as described above, there are no arrangements
or understandings between Mr. Simon and any other person pursuant to which he was selected as a director of the Company. Mr. Simon has
no family relationships with any of the Company’s directors or executive officers and, other than as disclosed above, is not a party
to any transactions of the type listed in Item 404(a) of Regulation S-K.

The Company will enter into its standard form
of indemnification agreement with Mr. Simon, consistent with the form of indemnification agreement the Company has executed with each
of the Company’s directors, the full text of which was filed with the Securities and Exchange Commission by the Company on August
23, 2021 as Exhibit 10.2 to a Current Report on Form 8-K.

<div align='center'>SIGNATURES</div>

Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

| Dated: May 9, 2025 |     | AEye, Inc. |                                                              |
|:-------------------|:----|:-----------|:-------------------------------------------------------------|
|                    |     | By:        | /s/ Andrew S. Hughes                                         |
|                    |     |            | Andrew S. Hughes                                             |
|                    |     |            | Senior Vice President, General Counsel & Corporate Secretary |