Company: AAOI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015518
Chunk: 104

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 104
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 fair value of the PSUs on the date of grant using a Monte Carlo simulation model, with stock-based compensation expense recognized ratably over the applicable three-year performance period. The Company recognized  stock-based compensation expense for the PSUs for the three months ended  March 31, 2025 and 2024 of $0.9 million and $1.0 million, respectively. 
    
   The following is a summary of PSU activity for the three months ended  March 31, 2025:

       ​    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   1,447   —  $7.82  $53,347 
 Granted   —   —   —   — 
 Released   —   —   —   — 
 Cancelled/Forfeited   —   —   —   — 
 Outstanding, March 31, 2025   1,447   —   7.82   22,216 
 Vested and expected to vest   1,447   —  $7.82   22,216 

   As of  March 31, 2025, there was $4.8 million of unrecognized stock-based compensation expense related to outstanding PSUs, which expense is expected to be recognized over 1.5 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   7   —   27.04