4. STOCK-BASED COMPENSATION

Pursuant to the Company’s 2018 Omnibus Equity Incentive Plan (as amended, the “Incentive Plan”), the Company grants stock options, restricted stock units, performance-based restricted stock units (“PSUs”) and restricted stock to the Company’s employees, officers, directors, and other eligible participants. As of July 1, 2026, 2,213,185 shares of common stock remained available for issuance under the Incentive Plan.

Total stock-based compensation expense was $1.6 million and $1.7 million for the thirteen weeks ended July 1, 2026 and June 25, 2025, respectively, and $2.9 million and $2.7 million for the twenty-six weeks ended July 1, 2026 and June 25, 2025, respectively.

Stock Options

As of July 1, 2026, options to purchase 1,289,129 shares of common stock were outstanding, including 452,000 vested and 837,129 unvested options. Unvested options vest over time; however, pursuant to the Incentive Plan, upon a change in control, the Company’s Board of Directors (the “Board”) may accelerate vesting. A summary of stock option activity at July 1, 2026 and changes during the twenty-six weeks ended July 1, 2026 is as follows:

​

​

The fair value of each stock option was estimated on the grant date using an exercise price of the closing stock price on the day prior to date of grant and the Black-Scholes option-pricing model with the following weighted average assumptions:

​

​

At July 1, 2026, the Company had total unrecognized compensation expense of $4.0 million related to unvested stock options, which it expects to recognize over a weighted-average period of 2.23 years.

Restricted Shares

A summary of restricted share activity as of July 1, 2026 and changes during the twenty-six weeks ended July 1, 2026 is as follows:

​

​

At July 1, 2026, the Company had unrecognized compensation expense of $6.5 million related to unvested restricted shares, which it expects to recognize over a weighted-average period of 2.10 years.

​

Performance-Based Restricted Stock Units

A summary of performance share activity as of July 1, 2026 and changes during the twenty-six weeks ended July 1, 2026 is as follows:

​

​