Company: AOSL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001387467-25-000044
Chunk: 79

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 79
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 2022 and (ii) change the commencement date for the four-year time-based service period to January 1, 2023.  The fair value of these MSUs was recalculated to reflect the change as of August 31, 2020 and the unrecognized compensation amount was adjusted to reflect the increase in fair value.  The Company recorded $0.1 million and $0.5 million of expenses for MSUs during the three and nine months ended March 31, 2025, respectively, and $0.2 million and $0.8 million ofexpenses during the three and nine months ended March 31, 2024, respectively. The following table summarizes the Company’ MSUs activities for the nine months ended March 31, 2025:

23

ALPHA AND OMEGA SEMICONDUCTOR LIMITEDNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

 Number of Market-based Restricted StockUnitsWeighted AverageGrant Date FairValue Per ShareWeighted AverageRemainingContractual Term(Years)Aggregate Intrinsic ValueNonvested at June 30, 20241,727,000 $28.15 2.83$64,537,990 Vested(270,000)$5.17 Forfeited(21,000)$38.14 Nonvested at March 31, 20251,436,000 $32.32 3.14$35,698,960 Performance-based Restricted Stock Units (“PRSUs”)In March of each year since year 2017, the Company granted PRSUs to certain personnel.  The number of shares to be earned under the PRSUs is determined based on the level of attainment of predetermined financial goals.  The PRSUs vest in four equal annual installments from the first anniversary date after the grant date if certain predetermined financial goals were met.  The Company recorded approximately $1.0 million and $2.9 million of expense for these PRSUs during the three and nine months ended March 31, 2025, respectively, and $0.8 million and $2.0 million of expense for the three and nine months ended March 31, 2024, respectively.The following table summarizes the Company’s PRSUs activities for the nine months ended March 31, 2025: Number of Performance-based Restricted StockUnitsWeighted AverageGrant Date FairValue