Company: LIDRW
Filing Date: 2025-04-10
Form Type: PREC14A
Source: 0001104659-25-033731
Chunk: 4

Company: AEye, Inc.
Filing Date: 2025-04-10
Form: PREC14A
Chunk 4
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. IF NO DIRECTION IS INDICATED WITH RESPECT TO HOW YOU WISH TO VOTE YOUR SHARES, THE PROXIES NAMED THEREIN WILL VOTE SUCH SHARES “FOR” THE TWO (2) FOUNDERS GROUP.

IMPORTANTLY, IF YOU MARK MORE THAN TWO (2) “FOR” BOXES WITH RESPECT TO THE ELECTION OF DIRECTORS, ALL OF YOUR VOTES FOR THE ELECTION OF DIRECTORS WILL BE DEEMED INVALID.

The Company has set the close
of business on April 4, 2025, as the record date for determining stockholders entitled to notice of and to vote at the Annual Meeting
(the “Record Date”). Each outstanding share of Common Stock is entitled to one vote on each matter to be voted upon at the
Annual Meeting. Stockholders of record at the close of business on the Record Date will be entitled to vote at the Annual Meeting. According
to the Company, as of the Record Date, there were 18,690,177 shares of Common Stock outstanding and entitled to vote at the Annual Meeting.
The mailing address of the principal executive offices of the Company is 4670 Willow Rd, Suite 125, Pleasonton, CA 94588.

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As of the date hereof, the
members of Founders Group collectively own an aggregate of 474,214 shares of Common Stock, and intend to vote all such shares “FOR”
the Founders Group Nominees, “FOR” the Company’s proposal to ratify the Audit Committee’s selection of
KPMG LLP as the Company’s independent registered public accounting firm for the 2025 fiscal year, “AGAINST” the
Company’s proposal to approve an increase in the number of shares of common stock issuable under the 2021 Equity Incentive Plan,
“FOR” the Founders Group proposal to recommend the declassification of the Board, “FOR” the Founders
Group proposal to recommend the reduction in the number of authorized shares to 20,000,000 and “FOR” the Founders Group
proposal to recommend the reduction of authorized shares to 125% of the then fully diluted shares of Common Stock.

THIS SOLICITATION IS BEING
MADE BY FOUNDERS GROUP AND NOT ON BEHALF OF THE BOARD OR MANAGEMENT OF THE COMPANY. WE ARE NOT AWARE OF ANY OTHER MATTERS TO BE BROUGHT
BEFORE THE ANNUAL MEETING OTHER THAN AS SET FORTH IN