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Stock-Based Compensation (Tables)
9 Months Ended
Oct. 03, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

For the nine months ended October 3, 2025, 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 January 3, 2025

 

 

3,337,150

 

 

$

1.26

 

 

$

0.66

 

 

 

6.3

 

      Exercised

 

 

(1,261,626

)

 

 

1.26

 

 

 

0.66

 

 

 

 

  Forfeited & expired

 

 

(211,105

)

 

 

1.26

 

 

 

0.66

 

 

 

 

Outstanding as of October 3, 2025

 

 

1,864,419

 

 

 

1.26

 

 

 

0.66

 

 

 

5.6

 

Exercisable as of October 3, 2025

 

 

1,864,419

 

 

$

1.26

 

 

$

0.66

 

 

 

5.6

 

Summary of Unvested Restricted Stock Units

The following table summarizes the activities for unvested Shimmick restricted stock units for the nine months ended October 3, 2025:

 

 

 

Restricted Stock Units

 

 

 

Number of shares

 

 

Weighted average grant date fair value

 

Unvested as of January 3, 2025

 

 

2,617,110

 

 

$

2.88

 

      Awarded

 

 

644,124

 

 

 

1.59

 

  Forfeited

 

 

 

 

 

 

  Vested

 

 

(1,484,789

)

 

 

2.75

 

Unvested as of October 3, 2025

 

 

1,776,445

 

 

$

2.52