v3.25.4
Stock-Based Compensation (Tables)
12 Months Ended
Jan. 02, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

For the fiscal years ended January 2, 2026 and January 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

 

 

(1,278,372

)

 

 

1.26

 

 

 

0.66

 

 

 

 

Forfeited & expired

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding as of January 2, 2026

 

 

2,058,778

 

 

 

1.26

 

 

 

0.66

 

 

 

5.3

 

Exercisable as of January 2, 2026

 

 

2,058,778

 

 

$

1.26

 

 

$

0.66

 

 

 

5.3

 

 

 

 

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

 

 

(416,057

)

 

 

1.26

 

 

 

0.66

 

 

 

 

Forfeited & expired

 

 

(383,976

)

 

 

1.26

 

 

 

0.66

 

 

 

 

Outstanding as of January 3, 2025

 

 

3,337,150

 

 

 

1.26

 

 

 

0.66

 

 

 

6.3

 

Exercisable as of January 3, 2025

 

 

2,983,056

 

 

$

1.26

 

 

$

0.66

 

 

 

6.3

 

Summary of Unvested Restricted Stock Units

The following table summarizes the activities for unvested Shimmick restricted stock units for the fiscal years ended January 2, 2026 and January 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

 

 

702,535

 

 

 

1.64

 

  Forfeited

 

 

 

 

 

 

  Vested

 

 

(1,827,900

)

 

 

2.73

 

Unvested as of January 2, 2026

 

 

1,491,745

 

 

$

2.48

 

 

 

 

Restricted Stock Units

 

 

 

Number of shares

 

 

Weighted average grant date fair value

 

Unvested as of December 29, 2023

 

 

576,714

 

 

$

6.49

 

      Awarded

 

 

2,497,630

 

 

 

2.51

 

  Forfeited

 

 

(61,656

)

 

 

6.32

 

Outstanding as of January 3, 2025

 

 

3,012,688

 

 

 

2.88

 

Ended vested as of January 3, 2025

 

 

395,578

 

 

 

5.25

 

Ended unvested as of January 3, 2025

 

 

2,617,110

 

 

$

2.88