Company: MRCY
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001049521-25-000062
Chunk: 32

Company: MERCURY SYSTEMS INC
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 32
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.STOCK OPTION AND AWARD ACTIVITYThe following table summarizes activity with respect to Company-issued stock options since June 27, 2025:Options OutstandingNumber ofSharesWeighted AverageGrant DateFair ValueWeighted AverageExercise PriceWeighted AverageRemainingContractual Term(Years)AggregateIntrinsic Value as of September 26, 2025Outstanding at June 27, 2025934 $12.71 $45.00 — Granted— — Exercised— — Canceled— — Outstanding at September 26, 2025934 12.71 45.00 2.53 years— Exercisable at September 26, 2025— $— $— — — There were no options vested or exercised during the first quarter ended September 26, 2025. Non-vested stock options are subject to the risk of forfeiture until the fulfillment of specified conditions. As of September 26, 2025, there was $4,943 of total unrecognized compensation cost related to non-vested options granted that is expected to be recognized over a weighted-average period of 1.53 years from September 26, 2025. The following table summarizes the status of the Company’s non-vested restricted stock awards and deferred stock awards since June 27, 2025: Non-vested Restricted Stock Awards Number ofSharesWeighted AverageGrant DateFair ValueOutstanding at June 27, 20251,742 $40.37 Granted543 66.68 Vested(345)39.91 Forfeited(45)42.58 Outstanding at September 26, 20251,895 $48.00 

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STOCK-BASED COMPENSATION EXPENSEThe Company recognizes expense for its share-based payment plans in the Consolidated Statements of Operations and Comprehensive Loss in accordance with ASC 718, Compensation - Stock Compensation (“ASC 718”). Under the fair value recognition provisions of ASC 718, stock-based compensation cost is measured at the grant date based on the value of the award and is recognized as expense over the service period, net of estimated forfeitures. The following table presents share-based compensation expenses included in the Company’s Consolidated Statements of Operations and Comprehensive Loss: First Quarters Ended September 26, 2025September 27, 2024Cost