Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 34

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 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  
 Share-based compensation - by expense types             
 Cost of goods sold  $87  $116  $264  $355 
 Research and development   293   356   900   1,114 
 Sales and marketing   275   334   1,097   1,160 
 General and administrative   2,460   2,137   6,580   9,212 
 Total share-based compensation expense  $3,116  $2,943  $8,842  $11,841 

   Note 16.  Income Taxes 
   ​​
   For the three months ended  September 30, 2025 and 2024, the effective tax rate varied from the federal statutory rate of 21% primarily due to the change of the valuation allowance on federal, state, Taiwan, and China deferred tax assets ("DTA").