Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 390

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 2
Chunk 390
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 awards, which are equity awards other than options, stock appreciation rights or other awards that are based solely on an increase in value of the shares following the grant date, when granted or forfeited will be counted as two times the number of shares added or deducted to the remaining available shares for issuance under the 2016 Plan. The following table summarizes the total stock-based compensation expense for the fiscal years ended May 30, 2025, May 31, 2024, and May 31, 2023:    Year Ended   May 30,  May 31,  May 31, (In thousands, except per share data) 2025  2024  2023 Cost of sales $737  $330  $331 Research and development  1,476   639   706 Selling, general and administrative  2,949   1,549   1,711 Net effect on net income (loss) $5,162  $2,518  $2,748              Effect on net income (loss) per share:            Basic $0.17  $0.09  $0.10 Diluted $0.17  $0.09  $0.09  As of May 30, 2025 and May 31, 2024, stock-based compensation totaling $0.3 million and $0.3 million, respectively, was capitalized as part of inventory.

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The following table presents the combined stock activities and the total number of shares available for grant under the Company’s equity incentive plans: (in thousands) Available Shares for Grant Balance, May 31, 2022   735 Options granted  (110)RSUs granted  (674)RSUs cancelled  60 Options terminated   16 Balance, May 31, 2023   27 Shares issued under 2023 Equity Incentive Plan  1,500 Shares retired under 2016 Equity Incentive Plan  (95)Options granted  (4)RSUs granted  (221)RSUs cancelled  144 Options terminated   12 Balance, May 31, 2024  1,363 RSUs granted  (634)RSUs cancelled