Company: DSWL
Filing Date: 2025-07-29
Form Type: 20-F
Source: 0001174947-25-001096
Chunk: 154

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-07-29
Form: 20-F
Item: Item 18
Chunk 154
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 under the stock option plans vest immediately and are exercisable for a period of up to10years commencing on the date of grant, at a price equal to at least the fair market value of the Common Stock at the date of grant, and may contain such other terms as the Board of Directors or a committee appointed to administer the plan may determine. A summary of the option activity (with weighted average prices per option) is as follows:

                                                          Year ended March 31,                                                                               
                                                          2023                                              2024                                  2025       
                                                          Number                    Weighted                Number        Weighted                Number     
                                                          of stock                  Average                 of stock      Average                 of stock   
                                                          options                   Exercise                options       Exercise                options    
                                                                                    price                                 price                              
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Outstanding at beginning of the year                    400,000                   $             2.09      400,000       $             2.09      400,000    
  Exercised during the year                               —                         $             —         —             $             —         —          
  Expired and cancelled during the year                   —                         $             —         —             $             —         ( 400,000  
  Outstanding and exercisable at the end of the year      400,000                   $             2.09      400,000       $             2.09      —          
  Range of exercise price per share                                                 $             2.09                    $             2.09                 

During the years ended March 31, 2023, 2024 and 2025, the Company recognized employee stock-basedcompensation expense of $ nil, $ niland $ nil, respectively. No options were granted for the years ended March 31, 2023, 2024 and 2025. At March 31, 2024 and 2025, there were1,318,000and1,718,000options available for future grant under the plans, respectively.

As of March 31, 2024, the Company had outstanding stock options to acquire an aggregate of400,000shares of common stock with an intrinsic value of $58. Of those outstanding options,400,000shares had vested as of March 31, 2024, representing an intrinsic value of $58. No options were outstanding at March 31, 2025.

13. Other income, net

Other income