v3.26.1
Stock-Based Compensation Plans (Tables)
 12 Months Ended
May 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Shares Available for Future Grant
As of May 31, 2026, the total number of shares authorized for grant under the 2026 Plan is shown in the table below:
Available Shares
Original share pool of the 2026 Plan22,500 
Total shares authorized for grant as of May 31, 202622,500 
Shares available for future grant as of May 31, 2026 under the 2026 Plan were as follows:
Shares Available
For Grant
Available as of May 5, 2026 (the Business Combination date)22,500 
Share pool increase— 
Granted(1,000)
Forfeited— 
Expired— 
Available as of May 31, 202621,500 
Schedule of RSA Activity
RSA activity for the year ended May 31, 2026 is summarized below:
Number of Shares Weighted-Average Grant Date Fair Value
Unvested as of May 5, 2026 (the Business Combination date)— $— 
Granted
1,000 17.92 
Vested
— — 
Forfeited
— — 
Unvested as of May 31, 2026 1,000 $17.92 
Schedule of RSU Activity
RSU activity for the year ended May 31, 2026 is summarized below:
Number of Shares Weighted-Average Grant Date Fair Value
Unvested as of May 5, 2026 (the Business Combination date)80 $6.56 
Granted— — 
Vested(63)5.61 
Forfeited — — 
Unvested as of May 31, 2026 17 $10.02 
Schedule of Stock-Based Compensation Expense Stock-based compensation expense related to RSAs, RSUs, and Phantom PSUs (as defined below) was recorded as follows:
Year Ended May 31,
20262025
Cost of revenues$352 $431 
Selling, general and administrative (*)945 (1,894)
Total stock-based compensation$1,297 $(1,463)

(*) During the prior year ended May 31, 2025, the Company’s Board of Directors determined that the performance criteria associated with certain performance stock units granted to certain executives in the third fiscal quarter of 2024 were not met. As such, the Company recognized a reversal of the stock-based compensation expense previously recognized for the performance stock unit awards that were subsequently cancelled.