Annual report pursuant to Section 13 and 15(d)

Equity Incentive Plan (Tables)

v3.24.2.u1
Equity Incentive Plan (Tables)
12 Months Ended
May 31, 2024
Equity Incentive Plan  
Schedule of stock option activity

Weighted 

average

Weighted

remaining

Aggregate

Number of

average

contractual

intrinsic

(in thousands, except per share data and years)

    

shares

    

exercise price

    

life in years

    

value

Options outstanding at May 31, 2022

 

17,457

$

1.53

 

7.79

$

Granted

 

12,417

$

0.41

 

 

Exercised

 

$

 

 

Forfeited, expired, and cancelled

 

(10,051)

$

1.16

 

 

Options outstanding at May 31, 2023

 

19,823

$

0.99

 

7.87

$

Granted

 

14,251

$

0.21

 

 

Exercised

 

$

 

 

Forfeited, expired, and cancelled

 

(8,225)

$

0.87

 

 

Options outstanding at May 31, 2024

 

25,849

$

0.60

 

7.77

$

Options outstanding and exercisable at May 31, 2024

 

19,679

$

0.71

 

7.25

$

Summary of fair values of stock options granted

Years ended May 31,

2024

    

2023

Expected Volatility

108.6% - 115.7

%

99.2% - 112.7

%

Weighted-Average Volatility

112.24

%

107.06

%

Expected Dividends

-

%

-

%

Expected Term (In years)

5.1 - 6.0

5.0 - 6.1

Risk-Free Rate

3.96

%

3.83

%

Schedule of Company RSU and PSU activity

Weighted average

Number of

Weighted average

remaining contractual

(shares in thousands)

    

RSUs and PSUs (1)

    

grant date fair value

life in years

Unvested RSUs and PSUs at May 31, 2022

 

300

$

3.12

0.58

RSUs and PSUs granted

 

1,293

0.58

RSUs and PSUs forfeited

 

(150)

3.12

RSUs and PSUs vested

 

(150)

3.12

Unvested RSUs and PSUs at May 31, 2023

1,293

0.58

0.81

RSUs and PSUs granted

RSUs and PSUs forfeited

(1,293)

0.58

RSUs and PSUs vested

Unvested RSUs and PSUs at May 31, 2024

 

$

(1)

The number of PSUs disclosed in this table are at the target level of 100%.