Company: LIDRW
Filing Date: 2025-05-13
Form Type: DEFA14A
Source: 0000947871-25-000499
Chunk: 7

Company: AEye, Inc.
Filing Date: 2025-05-13
Form: DEFA14A
Chunk 7
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 Board, we regularly engage with our stockholders to understand their perspectives and greatly value their
input. We have acted, and continue to act, in the best long-term interests of ALL of our stockholders by delivering results and setting the Company on the right path for future growth and success.

| The Dissident Group’s recent actions and significant reduction in their shareholding raise questions about their commitment to AEye’s long-term success and alignment with the interests of all stockholders. They have failed to provide a credible plan for value creation and appear to be motivated by personal agendas. |

⁘ The Dissident Group has sold off a considerable portion of their position in the Company—showing they may lack commitment for the future of the Company and may not be aligned with your interests.

Other than Mr. Dussan, a member of the Dissident Group, no
current member of our Board or senior management has ever made an open market sale of shares in the Company. However, as previously disclosed,
over the past two years, Mr. Dussan has sold over half of his AEye stock, which had the effect of decreasing his position from 9.29% as
of March 26, 2024 to only 1.56% as of April 4, 2025. This demonstrates that Dissident Group has no belief in the future of the Company.

⁘ Our Board and management’s compensation programs and stock ownership reflect a belief in the future of AEye and alignment with our stockholders. While the Dissident Group has significantly divested their stake in the Company, our current management and Board have increased their ownership in AEye.

We tie compensation to value drivers as a core tenet of our
compensation philosophy. For 2024, some members of our executive team elected to receive 75% of their short-term incentive compensation
in stock rather than cash, to better align their interests with our stockholders. In the same time period as the Dissident Group’s
sell-off, despite no long-term incentive equity grants since 2023, the number of shares owned by current CEO Mr. Fisch has increased by almost 700%.

⁘ The proposals submitted by the Dissident Group make it clear that their goals are not aligned with the Company’s success.

The Dissident Group has presented three advisory proposals to our stockholders,
two of which involve handcuffing the Board’s ability to make decisions in the best interests of the Company and all stockholders.
Although only advisory at this point, if