Quarterly report [Sections 13 or 15(d)]

Stockholders' Equity and Share-Based Compensation

v3.25.3
Stockholders' Equity and Share-Based Compensation
9 Months Ended
Sep. 27, 2025
Stockholders' Equity and Share-Based Compensation  
Stockholders' Equity and Share-Based Compensation

Note 3 – Stockholders’ Equity and Share-Based Compensation

Common Stock Issuance

On September 8, 2025, the Company entered into a Purchase Agreement with certain investors. The Company issued and sold an aggregate of 10,319,727 shares of common stock, par value $0.001 per share, resulting in gross proceeds of $10,733.

Options and Restricted Stock Units

The Company had the following common stock option activity during the thirty-nine weeks ended September 27, 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 245 options to purchase common shares.

The following table summarizes the Company’s restricted stock unit ("RSU") and restricted stock award (“RSA”) activity for the thirty-nine weeks ended September 27, 2025, and details regarding the awards outstanding and exercisable as of September 27, 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

(1,800)

 

Forfeited

(126)

 

Awards outstanding, September 27, 2025

6,456

 

$

3.04

 

$

4,849

Vested and expected to vest as of September 27, 2025

6,456

 

$

3.04

 

$

4,849

During the thirty-nine weeks ended September 27, 2025, 1,800 RSUs that vested were time-based.

For the thirteen and thirty-nine weeks ended September 27, 2025, we recorded compensation costs related to stock options, RSUs and RSAs of $2,472 and $8,119, respectively. For the thirteen and thirty-nine weeks ended September 28, 2024, we recorded compensation costs related to stock options and RSUs of $3,187 and $9,528, respectively. As of September 27, 2025, there was unrecognized compensation expense related to stock options, RSUs and RSAs of $7,954 that will be expensed through September 2029.