Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 128

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 128
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 6.94   8,851 
 Exercised   (978) $14.76   2.48   14,431 
 Forfeited   —   —   —   — 
 Outstanding, September 30, 2025   1,189   —   11.55   30,541 
 Vested and expected to vest   1,189   —  $11.55  $30,541 

   As of  September 30, 2025, there was $6.2 million of unrecognized stock-based compensation expense related to outstanding PSUs, which expense is expected to be recognized over 1.9 years.
    
   Restricted Stock Units
    
   The following is a summary of RSU activity:

          Weighted        
      Average Share    Weighted    Aggregate  
   Number of    Price on Date    Average Fair    Intrinsic  
   shares    of Release    Value    Value  
   (in thousands, except price data)  
 Outstanding, January 1, 2025   2,231   —  $6.04  $82,243 
 Granted   489   —   12.38   6,055 
 Released   (940) $6.22   22.59   21 
 Cancelled/Forfeited   (40)  —   5.91   1,040 
 Outstanding, September 30, 2025   1,074   —   7.73   45,124 
 Vested and expected to vest   1,074   —  $7.73  $45,124 

   ​
   As of  September 30, 2025, there was $12.1 million of unrecognized compensation expense related to these RSUs. This expense is expected to be recognized over 2.3 years.

       18

   Share-Based Compensation
   ​
   Employee share-based compensation expenses recognized for the periods indicated (in thousands):
   ​
   
       Three months ended    Nine months ended  
   September 30,    September 30,  
   2025    2024    2025    2024