Company: MRCY
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001049521-25-000009
Chunk: 46

Company: MERCURY SYSTEMS INC
Filing Date: 2025-02-04
Form: 10-Q
Item: Item 1
Chunk 46
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 in exhibit 10.1 on Form 8-K filed by the Company with the SEC on August 15, 2023.The following table summarizes activity of the Company's stock option plans since June 28, 2024:Options OutstandingNumber ofSharesWeighted AverageGrant DateFair ValueWeighted AverageExercise PriceWeighted AverageRemainingContractual Term(Years)AggregateIntrinsic Value as of December 27, 2024Outstanding at June 28, 2024934 $12.71 $45.00 — Granted— — Exercised— — Canceled— — Outstanding at December 27, 2024934 12.71 45.00 3.21 years— Exercisable at December 27, 2024— $— $— — — There were no options vested or exercised during the second quarter ended December 27, 2024. Non-vested stock options are subject to the risk of forfeiture until the fulfillment of specified conditions. As of December 27, 2024, there was $7,531 of total unrecognized compensation cost related to non-vested options granted that is expected to be recognized over a weighted-average period of 2.21 years from December 27, 2024. The following table summarizes the status of the Company’s non-vested restricted stock awards and deferred stock awards since June 28, 2024: Non-vested Restricted Stock Awards Number ofSharesWeighted AverageGrant DateFair ValueOutstanding at June 28, 20241,526 $41.35 Granted873 39.82 Vested(292)43.47 Forfeited(97)43.65 Outstanding at December 27, 20242,010 $39.68 STOCK-BASED COMPENSATION EXPENSEThe Company recognizes expense for its share-based payment plans in the Consolidated Statements of Operations and Comprehensive Loss in accordance with ASC 718, Compensation - Stock Compensation (“ASC 718”). The Company had $1,559 and $456 of capitalized stock-based compensation expense on the Consolidated Balance Sheets for the periods ended December 27, 2024 and June 28, 2024, respectively. Under the fair value recognition provisions of ASC 718, stock-based compensation cost is measured at the grant date based on the value of the award and