Company: FEAV
Filing Date: 2025-01-24
Form Type: PRE 14A
Source: 0000950170-25-008828
Chunk: 91

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-01-24
Form: PRE 14A
Chunk 91
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355 thousand of unrecognized compensation cost related to 341 thousand unvested stock options. This cost is expected to be recognized over a weighted-average remaining period of approximately 1.4 years. As of June 30, 2024 and June 30, 2023, the maximum expiration date for unvested options was approximately 3.1 and 9.8 years, respectively.

During the year ended June 30, 2024, 275,000 options with a remaining term of approximately 1.9 years and an exercise price of $25.62, granted to one grantee, were cancelled and concurrently replaced with 50,000 RSUs that vest over two years. The modification did not result in any incremental compensation expense.

The following table summarizes the activity for unvested options for each of the periods presented.

|                                     |     | Year ended June 30,                  | 2024 |   |     |                                                  |      |     |                   |   2023 |   |     |                                                  |      |
|:------------------------------------|:----|:-------------------------------------|-----:|:--|:----|:-------------------------------------------------|-----:|:----|:------------------|-------:|:--|:----|:-------------------------------------------------|-----:|
|                                     |     | Number of Options                    |      |   |     | Weighted Average Grant Date Fair Value per share |      |     | Number of Options |        |   |     | Weighted Average Grant Date Fair Value per share |      |
|                                     |     | -In thousands, except per share data |      |   |     |                                                  |      |     |                   |        |   |     |                                                  |      |
| Unvested at beginning of the period |     |                                      |  838 |   |     | $                                                | 6.42 |     |                   |  1,507 |   |     | $                                                | 6.05 |
| Granted                             |     |                                      |  575 |   |     |                                                  | 1.44 |     |                   |    800 |   |     |                                                  | 7.11 |
| Vested                              |     |                                      | (490 | ) |     |                                                  | 9.24 |     |                   | (1,177 | ) |     |                                                  | 5.88 |
| Expired/forfeited                   |     |                                      | (582 | ) |     |