The following table summarizes stock option activity under Varex’s employee incentive plans for the Company's employees: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands, except per share amounts and the remaining term) | Options | | Price Range | | Weighted Average Exercise Price | | Weighted Average Remaining Term (in years) | | Aggregate Intrinsic Value(1) | | | Outstanding at October 3, 2025 | 1,830 | | | $13.61 - $31.42 | | $ | 25.61 | | | 5.1 | | $ | — | | | | | | | | | | | | | | | | Canceled, expired or forfeited | (205) | | | $31.42 - $31.42 | | 31.42 | | | | | | | | | | | | | | | | | | | | Outstanding at July 3, 2026 | 1,625 | | | $13.61 - $30.95 | | $ | 24.88 | | | 5.0 | | $ | — | | | | | | | | | | | | | | | | Exercisable at July 3, 2026 | 1,563 | | | $13.61 - $30.95 | | $ | 25.02 | | | 4.9 | | $ | — | |
(1) The aggregate intrinsic value represents the total pre-tax intrinsic value, which is computed based on the difference between the exercise price and the closing price of Varex common stock of $10.61 as of July 2, 2026, the last trading date of the Company's third quarter, and which represents the amount that would have been received by the option holders had all option holders exercised their in-the-money options and sold the shares received upon exercise as of that date.
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