Stock Based Compensation (Tables)

3 Months Ended

Dec. 28, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Aggregate Non-vested Restricted Stock and Restricted Stock Units Granted and Market-based Shares

The following table summarizes the status of Optex Systems Holdings’ aggregate non-vested restricted stock and restricted stock units, and market-based shares:

		Restricted Stock Units				Weighted Average Grant Date Fair Value				Restricted Shares				Weighted Average Grant Date Fair Value				Market-Based Shares				Weighted Average Grant Date Fair Value
Outstanding at September 29, 2024			66,500			$	5.56				60,000			$	2.20				-			$	-
Granted			39,000				6.35				32,800				9.29				-				-
Vested			(24,000	)			5.17				(60,000	)			2.20				-				-
Forfeited			(7,500	)			5.19				-				-				-				-
Outstanding at September 28, 2025			74,000			$	6.11				32,800			$	9.29				-			$	-
Granted			1,000				15.07				16,700				16.06				67,500				10.06
Vested			-				-				-				-				-				-
Forfeited			-				-				-				-				-				-
Outstanding at December 28, 2025			75,000			$	6.23				49,500			$	11.57				67,500			$	10.06

Schedule of Assumptions and Results for the Monte Carlo Simulation for the Market-based Shares

The assumptions and results for the Monte Carlo simulation employed for the market-based shares are as follows:

		Assumptions
Performance Period Start			12/18/2025
Performance Period End			9/30/2030
Term of simulation ⁽¹⁾			4.78 years
Time steps in simulation			1,205
Time steps per year			252
Common share price at valuation date ⁽²⁾		$	13.60
Dividend yield ⁽³⁾			0.0	%
Volatility (annual) ⁽⁴⁾			52.5	%
Risk-free rate (annual) ⁽⁵⁾			3.64	%
Cost of equity ⁽⁶⁾			12.0	%

		Tranche 1				Tranche 2				Tranche 3				Tranche 4				Tranche 5
Number of Market-Based shares in the Tranche ⁽¹⁾			13,500				13,500				13,500				13,500				13,500
Fair Value of One Market-Based share ⁽⁷⁾		$	12.08			$	11.16			$	10.12			$	9.02			$	7.90
Total Fair Value of Tranche		$	163,051			$	150,633			$	136,669			$	121,713			$	106,662
Derived Service Period (Years) ⁽⁷⁾			0.66				1.12				1.58				2.01				2.37

	(1)	Based on the terms of the Market-Based shares agreement issued by the Company on December 18, 2025 and effective December 18, 2025.
	(2)	Closing price of OPXS shares on the Valuation Date, as obtained via S&P Capital IQ.
	(3)	Expected dividends provided by management.
	(4)	Based on historical volatility of OPXS and comparable public companies.
	(5)	Interest rate for US Treasury commensurate with the Market-based shares holding period, as of the Valuation Date, as obtained via S&P Capital IQ.
	(6)	Estimated cost of equity for OPXS as of the Valuation Date.
	(7)	Based on Monte Carlo simulation.

Schedule of Unrecognized Compensation Costs

		Stock Compensation
		(thousands)
		Recognized Compensation Expense								Unrecognized Compensation Expense
		Three months ended								As of period ended
		December 28, 2025				December 29, 2024				December 28, 2025				September 28, 2025

Restricted Shares		$	146			$	59			$	234			$	112
Market-based shares			16				-				663				-
Restricted Stock Units			50				33				307				342
Total Stock Compensation		$	212			$	92			$	1,204			$	454