Quarterly report [Sections 13 or 15(d)]

Stockholders' Equity and Share-Based Compensation

v3.25.2
Stockholders' Equity and Share-Based Compensation
6 Months Ended
Jun. 28, 2025
Stockholders' Equity and Share-Based Compensation  
Stockholders' Equity and Share-Based Compensation

Note 3 – Stockholders’ Equity and Share-Based Compensation

Options and Restricted Stock Units

The Company had the following common stock option activity during the twenty-six weeks ended June 28, 2025:

Granted options to purchase 100 common shares.
Exercise of 0 options to purchase common shares.
Forfeiture of 0 options to purchase common shares.
Expiration of 116 options to purchase common shares.

The following table summarizes the Company’s restricted stock unit ("RSU") and restricted stock award (“RSA”) activity for the twenty-six weeks ended June 28, 2025, and details regarding the awards outstanding and exercisable as of June 28, 2025 (in thousands):

Weighted Average

Grant Date

Aggregate

    

Shares

    

    

Fair Value

    

Intrinsic Value

Vested and expected to vest as of December 28, 2024

5,432

 

Awarded

2,950

 

Vested

(1,570)

 

Forfeited

(103)

 

Awards outstanding, June 28, 2025

6,709

 

$

3.05

 

$

5,031

Vested and expected to vest as of June 28, 2025

6,709

 

$

3.05

 

$

5,031

During the twenty-six weeks ended June 28, 2025, 1,570 RSUs that vested were time-based.

For the thirteen and twenty-six weeks ended June 28, 2025, we recorded compensation costs related to stock options, RSUs and RSAs of $2,481 and $5,647, respectively. For the thirteen and twenty-six weeks ended June 29, 2024, we recorded compensation costs related to stock options and RSUs of $3,517 and $6,341, respectively. As of June 28, 2025, there was unrecognized compensation expense related to stock options, RSUs and RSAs of $10,448 that will be expensed through June 2029.