Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 1245

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 1245
---
  December 31, 2024 and 2023, the Company has withheld $41 and $58 of contributions from its employees within accrued expenses and other current liabilities on the consolidated balance sheets.
    
   2023 CEO Inducement Grant Plan
    
   The CEO Plan became effective on  February 13, 2023 with 233,332 shares of common stock initially reserved for issuance.
    
   In connection with the appointment of the Company's CEO on  February 13, 2023, the Company granted 166,666 service-based RSUs and 66,666 market-based RSUs to the CEO. The service-based RSUs will vest over three years. The market-based RSUs would have vested quarterly over six (6) calendar quarters following the satisfaction of the market condition. The market condition would have been satisfied if the closing price of the Company's common stock, as reported by NASDAQ, met or exceeded $36.00 per share for any ten (10) consecutive trading days prior to  March 1, 2024. As the market condition was not satisfied by  March 1, 2024, the market-based RSUs were forfeited.

       90

   A summary of stock option activity related to the Plans as of  December 31, 2024 is as follows:

           Weighted    Weighted      
   Outstanding    Average    Average    Aggregate  
   Stock    Exercise    Contractual    Intrinsic  
   Options    Price    Life (Years)    Value  
 Balance at December 31, 2023   289,015  $11.29   3.07  $— 
 Granted   —   —         
 Exercised   (44,255)  3.02         
 Forfeited   (1,504)  18.79         
 Expired   (103,936)  13.23         
 Balance at December 31, 2024   139,320  $12.39   3.84  $— 
 Vested and expected to vest as of December 31, 2024   139,320  $12.39   3.84  $— 
 Vested and exercisable as of December 31, 2024   139,320  $12