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Stock-Based Compensation (Tables)

9 Months Ended

Sep. 27, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

For the nine months ended September 27, 2024, stock option activity was as follows:

		Stock Options
		Number of shares				Weighted average exercise price per share				Weighted average grant date fair value				Weighted average years of remaining contractual term
Outstanding as of December 29, 2023			4,137,183			$	1.26			$	—				7.6
Exercised			(403,473	)			1.26				0.66				—
Forfeited & expired			(377,978	)			1.26				0.66				—
Outstanding as of September 27, 2024			3,355,732				1.26				0.66				6.6
Exercisable as of September 27, 2024			2,788,977			$	1.26			$	0.66				6.6

Summary of Unvested Restricted Stock Units

The following table summarizes the activities for unvested Shimmick restricted stock units for the nine months ended September 27, 2024:

		Restricted Stock Units
		Number of shares				Weighted average grant date fair value
Unvested as of December 29, 2023			576,714			$	6.49
Awarded			1,898,160				2.57
Forfeited			(57,666	)			6.56
Outstanding as of September 27, 2024			2,417,208				3.11
Ended vested as of September 27, 2024			363,279				6.56
Ended unvested as of September 27, 2024			2,053,929			$	3.11

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (d)
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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