Pay vs Performance Disclosure - USD ($)

4 Months Ended

12 Months Ended

Apr. 30, 2024

Apr. 30, 2026

Apr. 30, 2025

Dec. 31, 2023

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay Versus Performance

As required by Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of the Company for each of the FY 2026, FY 2025, the three-month period that began on January 1, 2024 and ended on April 30, 2024 (the “2024 Transition Period” or “2024 TP”), and the calendar year ended December 31, 2023. In determining the “compensation actually paid” to our NEOs, we are required to make various adjustments to amounts that have been previously reported in the Summary Compensation Table in previous years, as the SEC’s valuation methods for this section differ from those required in the Summary Compensation Table. The table below summarizes compensation values both previously reported in our Summary Compensation Table, as well as the adjusted values required in this section for FY 2026, FY 2025, the 2024 Transition Period and the 2023 calendar year. Note that for our NEOs other than our principal executive officer (the PEO), compensation is reported as an average.

The following table sets forth information concerning the compensation of our NEOs for each of FY 2026, FY 2025, the 2024 Transition Period, and the calendar year ended December 31, 2023, and our financial performance for each such period:


	Eric Singer		Jared Smith		Francis Jose
Year(1)	Summary Compensation Table (SCT) Total for PEO	Compensation Actually Paid (CAP) to PEO(2)	SCT Total for PEO	CAP to PEO (2)	SCT Total for PEO	CAP to PEO	Average SCT Total for Non-PEO NEOs(2)	Average CAP to Non-PEO NEO (2)	Value of Initial Fixed $100 Investment Based On Total Shareholder Return (TSR)	Net Income (millions)
FY 2026	$5,066,691	$4,663,188	N/A	N/A	N/A	N/A	$538,736	$533,153	$87.20	$9.21
FY 2025	$12,293,260	$12,278,509	N/A	N/A	N/A	N/A	$1,822,286	$1,682,204	$126.62	$93.58
2024 TP	$3,713,334	$2,548,608	N/A	N/A	N/A	N/A	$987,804	$317,101	$127.32	$17.78
2023	$3,902,822	$2,644,047	N/A	N/A	$173,429	$175,902	$893,408	$462,923	$123.64	$33.98

(1)

During 2023, our Chief Executive Officer (PEO) was Eric Singer beginning on January 3, 2023 and Francis Jose through January 3, 2023. The non-PEO NEOs in the 2023 reporting year were Aaron Akerman, Michael Dodson and William Martin.

(2)

In order to calculate the average compensation “actually paid” (CAP) to our NEOs, we are required under the SEC rules to subtract from the value in the summary compensation table (SCT) the grant date fair value of equity awards (reflected in columns B and D below), and add back the following (reflected in columns C and E below): (i) the year-end fair value of any equity awards in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year.


	SCT Total	Stock Awards Deducted	Stock Awards Added(a)	Options Deducted(b)	Options Added(b)	Total CAP
	A	B	C	D	E	A – (B + D) + (C + E)
PEO
FY 2026 (Singer)	$5,066,691	$(2,242,502)	$1,839,000	--	--	$4,663,188
FY 2025 (Singer)	$12,293,260	$4,963,000	$4,948,248	--	--	$ 12,278,509
2024 TP (Singer)	$3,713,334	$1,149,505	$(15,222)	--	--	$2,548,608
2023 (Singer)	$3,902,822	$1,537,007	$278,233	--	--	$2,644,047
2023(Jose)	$173,429	--	$2,473	--	--	$175,902
Average Non-PEO NEOs
FY 2026	$538,736	$45,417	--	--	--	$533,153
FY 2025	$1,822,286	$709,500	$569,417	--	--	$1,682,204
2024 TP	$987,804	$404,002	$(266,700)	--	--	$317,101
2023	$893,408	$641,669	$211,184	--	--	$462,923

(a)

The fair value of performance-vested RSUs granted in 2022 to Messrs. Singer and Martin included in columns (B) and (C), reflect the same fair value as of the grant date and as of December 31, 2022 because the company determined that there had been no change in the probability of achievement.

(b)

The fair value of stock options reported for CAP purposes in columns (D) and (E) is estimated using a Black-Scholes option pricing model in accordance with the SEC rules. This model uses both historical data and current market data to estimate the fair value of options and requires several assumptions.

As shown in the table above, turnover in our NEOs from year to year can have a material impact on the reported value of compensation “actually paid,” because the fair value of forfeited equity awards (measured as of the end of the year prior to the year of forfeiture) are reflected as a negative value in columns C and E of the table contained in footnote 2 to the Pay Versus Performance table.

Named Executive Officers, Footnote

Adjustment To PEO Compensation, Footnote


	SCT Total	Stock Awards Deducted	Stock Awards Added(a)	Options Deducted(b)	Options Added(b)	Total CAP
	A	B	C	D	E	A – (B + D) + (C + E)
PEO
FY 2026 (Singer)	$5,066,691	$(2,242,502)	$1,839,000	--	--	$4,663,188
FY 2025 (Singer)	$12,293,260	$4,963,000	$4,948,248	--	--	$ 12,278,509
2024 TP (Singer)	$3,713,334	$1,149,505	$(15,222)	--	--	$2,548,608
2023 (Singer)	$3,902,822	$1,537,007	$278,233	--	--	$2,644,047
2023(Jose)	$173,429	--	$2,473	--	--	$175,902
Average Non-PEO NEOs
FY 2026	$538,736	$45,417	--	--	--	$533,153
FY 2025	$1,822,286	$709,500	$569,417	--	--	$1,682,204
2024 TP	$987,804	$404,002	$(266,700)	--	--	$317,101
2023	$893,408	$641,669	$211,184	--	--	$462,923

Non-PEO NEO Average Total Compensation Amount

$ 987,804

$ 538,736

$ 1,822,286

$ 893,408

Non-PEO NEO Average Compensation Actually Paid Amount

317,101

$ 533,153

1,682,204

462,923

Adjustment to Non-PEO NEO Compensation Footnote


	SCT Total	Stock Awards Deducted	Stock Awards Added(a)	Options Deducted(b)	Options Added(b)	Total CAP
	A	B	C	D	E	A – (B + D) + (C + E)
PEO
FY 2026 (Singer)	$5,066,691	$(2,242,502)	$1,839,000	--	--	$4,663,188
FY 2025 (Singer)	$12,293,260	$4,963,000	$4,948,248	--	--	$ 12,278,509
2024 TP (Singer)	$3,713,334	$1,149,505	$(15,222)	--	--	$2,548,608
2023 (Singer)	$3,902,822	$1,537,007	$278,233	--	--	$2,644,047
2023(Jose)	$173,429	--	$2,473	--	--	$175,902
Average Non-PEO NEOs
FY 2026	$538,736	$45,417	--	--	--	$533,153
FY 2025	$1,822,286	$709,500	$569,417	--	--	$1,682,204
2024 TP	$987,804	$404,002	$(266,700)	--	--	$317,101
2023	$893,408	$641,669	$211,184	--	--	$462,923