Company: AOSL
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001387467-25-000017
Chunk: 81

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 8
Chunk 81
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 31, 2024:

23

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

 Number of Market-based Performance-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(8,000)$48.44 Nonvested at December 31, 20241,449,000 $32.31 3.38$53,656,470 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 $1.9 million of expense for these PRSUs during the three and six months ended December 31, 2024, respectively, and $0.8 million and $1.2 million of expense for the three and six months ended December31, 2023, respectively. The following table summarizes the Company’s PRSUs activities for the six months ended December 31, 2024: Number of Performance-based Restricted StockUnitsWeighted AverageGrant Date FairValue Per ShareWeighted AverageRemainingContractual Term(Years)Aggregate Intrinsic ValueNonvested at June 30, 2024344,125 $30.69 1.73$12,859,951 Nonvested at December 31, 2024344,125 $30.69 1.25$12,742,949 Stock Options The Company did not grant any stock options during the six months ended December 31, 2024 and 2023.  The following table summarizes the Company’s stock option activities for the six months ended December 31, 2024:WeightedWeightedAverage AverageRemaining Number ofExercise PriceContractual AggregateSharesPer ShareTerm (in years)Intrinsic