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):

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Weighted Average

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Grant Date

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Aggregate

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Shares

    

    

Fair Value

    

Intrinsic Value

Vested and expected to vest as of December 28, 2024

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5,432

 

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​

​

​

​

Awarded

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2,950

 

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​

​

​

​

Vested

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(1,570)

 

​

​

​

​

​

Forfeited

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(103)

 

​

​

​

​

​

Awards outstanding, June 28, 2025

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6,709

 

$

3.05

 

$

5,031

Vested and expected to vest as of June 28, 2025

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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.