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):

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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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(1,800)

 

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​

​

​

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Forfeited

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(126)

 

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​

​

​

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Awards outstanding, September 27, 2025

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6,456

 

$

3.04

 

$

4,849

Vested and expected to vest as of September 27, 2025

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6,456

 

$

3.04

 

$

4,849

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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.