Equity Incentive Plan (Tables)

3 Months Ended

Aug. 31, 2026

Equity Incentive Plan

Schedule of stock option activity

Stock option activity is presented in the table below:


											Weighted
											average
						Weighted					remaining				Aggregate
		Number of				average					contractual				intrinsic
(in thousands, except per share data and years)		shares				exercise price					life in years				value
Options outstanding at May 31, 2026			50,156			$		0.36				7.97			$		3,146
Granted			1,400			$		0.22
Exercised			—			$		—
Forfeited, expired and cancelled			(50	)		$		1.09
Options outstanding at August 31, 2026			51,506			$		0.36				7.74			$		1,455
Options outstanding and exercisable at August 31, 2026			28,422			$		0.40				6.72			$		1,101

Schedule of PSU activity

The following table summarizes the Company’s PSU activity:

          
         Weighted

          
         Weighted

         average

          
         average

         remaining

          
         Number of

         grant date

         contractual

         (shares in thousands)

         PSUs (1)

         fair value

         life in years

Unvested PSUs at May 31, 2026

3,500

0.41

2.00

PSUs granted

—

PSUs forfeited

—

PSUs vested

—

Unvested PSUs at August 31, 2026

3,500

$

0.41

1.75

(1)

The number of PSUs disclosed in this table are at the target level of 100%.