Quarterly report [Sections 13 or 15(d)]

Subsequent Events

v3.26.1
Subsequent Events
6 Months Ended
Mar. 29, 2026
Subsequent Events [Abstract]  
Subsequent Events

Note 8 - Subsequent Events

 

On May 1, 2026, the Company issued 22,515 shares to nine employees in connection with 32,000 shares vested under the 2023 Plan, net of withholding.

 

On May 4, 2026, the Company granted an aggregate of 28,500 restricted stock units to thirteen employees under the 2023 Plan. As of the grant date, assuming a 15.8% forfeiture rate based on expected turnover across the next three years, the aggregate value of the restricted stock units is $260 thousand, which will be amortized across the three-year period on a straight-line basis. The restricted stock units will vest at a rate of 33.33% on each of the first, second and third anniversaries of the date of the grant, and any unvested restricted stock units will be forfeited if employment terminates prior to the relevant vesting date.