STOCK-BASED COMPENSATION (Tables)
|
12 Months Ended |
Apr. 30, 2026 |
|---|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Summary of equity incentive program |
The following table summarizes our equity incentive program at April 30, 2026 (in thousands):
|
|
|
|
|
Common stock shares available for grant |
|
|
1,555 |
|
RSUs outstanding |
|
|
576 |
|
RSAs outstanding |
|
|
65 |
|
|
| Summary of restricted stock units activities |
The following summarizes RSU activities for the fiscal year ended April 30, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of Restricted
Stock Units
(in thousands) |
|
|
Weighted Average
Grant Date Fair Value
Per Share |
|
|
Weighted
Average Remaining
Contractual Term
(Years) |
|
Outstanding at April 30, 2025 |
|
|
1,125 |
|
|
$ |
8.24 |
|
|
|
1.30 |
|
Granted |
|
|
318 |
|
|
|
6.43 |
|
|
|
|
Vested |
|
|
(867 |
) |
|
|
8.43 |
|
|
|
|
Outstanding at April 30, 2026 |
|
|
576 |
|
|
$ |
6.95 |
|
|
|
1.23 |
|
|
| Summary of restricted stock awards activities |
The following summarizes RSA activities for the fiscal year ended April 30, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of Restricted
Stock Awards
(in thousands) |
|
|
Weighted
Average Grant
Date Fair Value
Per Share |
|
|
Weighted
Average Remaining
Contractual Term
(Years) |
|
Outstanding at April 30, 2025 |
|
|
— |
|
|
$ |
— |
|
|
|
— |
|
Granted |
|
|
65 |
|
|
|
5.73 |
|
|
|
— |
|
Vested |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Forfeited |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Outstanding at April 30, 2026 |
|
|
65 |
|
|
$ |
5.73 |
|
|
|
0.93 |
|
|
| Summary of stock-based compensation expenses |
The following table summarizes the stock-based compensation related to all of our stock-based awards for the following periods (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year
Ended April 30,
2026 |
|
|
Fiscal Year
Ended April 30,
2025 |
|
Stock options |
|
$ |
— |
|
|
$ |
— |
|
RSUs, RSAs, and PSUs |
|
|
4,639 |
|
|
|
7,714 |
|
Total |
|
$ |
4,639 |
|
|
$ |
7,714 |
|
|
|
|
|
|
|
|
Selling and administrative expenses |
|
$ |
4,639 |
|
|
$ |
7,714 |
|
Total |
|
$ |
4,639 |
|
|
$ |
7,714 |
|
|
| Barnes & Noble Education, Inc. |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Schedule of fair value models for the PSUs use valuation assumptions |
|
|
|
|
|
|
|
|
|
|
|
|
|
March 12, 2026 |
|
PSU Tranche #1 |
|
|
PSU Tranche #2 |
|
|
PSU Tranche #3 |
|
Performance Milestone (VWAP) |
|
$ |
10.00 |
|
|
$ |
15.00 |
|
|
|
20.00 |
|
Valuation method utilized |
|
Monte Carlo |
|
|
Monte Carlo |
|
|
Monte Carlo |
|
Risk-free interest rate |
|
|
3.96 |
% |
|
|
3.96 |
% |
|
|
3.96 |
% |
Company volatility |
|
|
122.83 |
% |
|
|
122.83 |
% |
|
|
122.83 |
% |
Derived service period |
|
0.45 years |
|
|
0.90 years |
|
|
1.21 years |
|
Grant date fair value per award |
|
$ |
7.94 |
|
|
$ |
7.85 |
|
|
$ |
7.77 |
|
|
|
|
|
|
|
|
|
|
|
March 12, 2026 |
|
PSU Tranche #1 |
|
|
PSU Tranche #2 |
|
|
PSU Tranche #3 |
|
Performance Milestone (VWAP) |
|
$ |
10.00 |
|
|
$ |
15.00 |
|
|
|
20.00 |
|
Valuation method utilized |
|
Monte Carlo |
|
|
Monte Carlo |
|
|
Monte Carlo |
|
Risk-free interest rate |
|
|
3.98 |
% |
|
|
3.98 |
% |
|
|
3.98 |
% |
Company volatility |
|
|
121.72 |
% |
|
|
121.70 |
% |
|
|
121.70 |
% |
Derived service period |
|
0.45 years |
|
|
0.91 years |
|
|
1.23 years |
|
Grant date fair value per award |
|
$ |
7.94 |
|
|
$ |
7.85 |
|
|
$ |
7.77 |
|
|
| Summary of Stock-based Compensation Awards Activity |
The following table presents a summary of awards activity related to our current Equity Incentive Plan and reflects the reverse stock split for all periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restricted Stock Awards |
|
|
Restricted Stock Units |
|
|
Performance Share Units |
|
|
|
Number of
Shares |
|
|
Weighted
Average
Grant Date
Fair Value |
|
|
Number of
Shares |
|
|
Weighted
Average
Grant Date
Fair Value |
|
|
Number of
Shares |
|
|
Weighted
Average
Grant Date
Fair Value |
|
Balance at April 30, 2025 |
|
|
81,720 |
|
|
$ |
9.79 |
|
|
|
61,993 |
|
|
$ |
12.39 |
|
|
|
1,636,950 |
|
|
$ |
9.55 |
|
Granted |
|
|
— |
|
|
|
— |
|
|
|
143,202 |
|
|
|
8.38 |
|
|
|
10,000 |
|
|
|
7.85 |
|
Vested |
|
|
(81,720 |
) |
|
|
9.79 |
|
|
|
(1,197 |
) |
|
|
336.79 |
|
|
|
(374,766 |
) |
|
|
7.62 |
|
Forfeited |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(86,720 |
) |
|
|
9.55 |
|
Balance at April 30, 2026 |
|
|
— |
|
|
$ |
— |
|
|
|
203,998 |
|
|
$ |
8.80 |
|
|
|
1,185,464 |
|
|
$ |
9.53 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock Options |
|
|
|
Number of
Shares |
|
|
Weighted
Average
Grant Date
Fair Value |
|
|
Weighted
Average
Exercise Price |
|
Balance at April 30, 2025 |
|
|
3,818 |
|
|
$ |
261.35 |
|
|
$ |
552.07 |
|
Granted |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Exercised |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Forfeited |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Expired |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Balance at April 30, 2026 |
|
|
3,818 |
|
|
$ |
261.35 |
|
|
|
552.07 |
|
Exercisable at April 30, 2026 |
|
|
3,612 |
|
|
$ |
268.05 |
|
|
$ |
562.69 |
|
|
| Summary of Recognized Compensation Expense for Long-term Incentive Plan Awards |
We recognized compensation expense for long-term incentive plan awards in selling and administrative expenses as follows (in thousand):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year Ended April 30, 2026 |
|
|
From June 10, 2024 to April 30, 2025 |
|
Stock-based awards |
|
|
|
|
|
|
Restricted stock expense |
|
$ |
333 |
|
|
$ |
667 |
|
Restricted stock units expense |
|
|
250 |
|
|
|
419 |
|
Performance share units expense (a) |
|
|
5,545 |
|
|
|
4,913 |
|
Stock option expense |
|
|
— |
|
|
|
— |
|
Sub-total stock-based awards: |
|
$ |
6,128 |
|
|
$ |
5,999 |
|
Cash settled awards |
|
|
|
|
|
|
Phantom share units expense |
|
|
— |
|
|
|
— |
|
Total compensation expense for long-term incentive awards |
|
$ |
6,128 |
|
|
$ |
5,999 |
|
(a)Long-term incentive compensation expense reflects cumulative adjustments to reflect changes to the expected level of achievement of the respective grants.
|