AEye Announces Inducement Grant to Chief Revenue Officer Under Nasdaq Listing Rule 5635(c)(4)

Key Terms

restricted stock units financial

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

inducement equity award financial

An inducement equity award is stock or stock-based compensation granted to a new hire as a signing incentive—think of it as a pay package that uses company shares instead of cash. Investors care because it can dilute existing ownership, signal how a company values the new recruit, and align that person’s interests with shareholders; like a signing bonus paid in shares, it affects future share count and management incentives.

nasdaq listing rule 5635(c)(4) regulatory

NASDAQ Listing Rule 5635(c)(4) is a rule that requires a company to get approval from its shareholders before selling a large amount of its shares, usually over 20%. This helps protect investors by making sure the company doesn't flood the market with new shares without their say, which could lower the stock's value.

vesting financial

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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PLEASANTON, Calif.--(BUSINESS WIRE)-- AEye, Inc. (Nasdaq: LIDR), a global leader in software-defined, high-performance lidar solutions, today announced the grant of an inducement equity award to Laura Wrisley, the Company's newly appointed Chief Revenue Officer. The award was approved by the Compensation Committee of the Company's Board of Directors, composed entirely of independent directors, on July 28, 2026, and became effective on August 18, 2026, the date on which Ms. Wrisley commenced employment with the Company. The award was granted as a material inducement to Ms. Wrisley's entering into employment with the Company, in accordance with Nasdaq Listing Rule 5635(c)(4).

Ms. Wrisley received an inducement award of 125,000 restricted stock units (the “RSUs”). These RSUs will vest as follows: one-third of the total grant will vest on November 15, 2027, and the remaining RSUs will vest in equal quarterly installments over the subsequent eight quarters, in each case subject to Ms. Wrisley's continued employment with the Company through each applicable vesting date. The RSUs were granted outside the Company's stockholder-approved equity incentive plans, under the Company's 2025 Employment Inducement Incentive Award Plan, which was adopted in reliance on the inducement grant exception under Nasdaq Listing Rule 5635(c)(4), and are subject to the terms and conditions of an RSU award agreement.

As previously announced on July 29, 2026, Ms. Wrisley joined AEye as Chief Revenue Officer effective August 18, 2026. She brings more than two decades of commercial leadership across lidar, data transport, and autonomous robotics, including senior revenue roles at Velodyne Lidar and Vayu Robotics, and leads AEye's Sales and Business Development organization, with responsibility for building and executing the Company's go-to-market strategy.

About AEye

AEye offers a suite of unique software-defined lidar solutions that address a wide range of real-world needs including advanced driver-assistance, vehicle autonomy, smart infrastructure, security, defense, and logistics applications. AEye’s flagship product, Apollo™, has been widely recognized for its small form factor and its ability to detect objects at up to one kilometer. In addition to Apollo™, AEye also offers STRATOS™ with the ability to detect objects at up to one-and-a-half kilometers as well as a full-stack solution through its OPTIS™ platform. OPTIS™ provides a complete system that captures a high-resolution 3D image of the world, interprets it, and provides direction to act upon what it sees in real-time.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260821096299/en/

Investor Relations

AEye, Inc. Investor Relations
info@aeye.ai
925-400-4366

Keaton Olsen
lidrir@allianceadvisors.com

Media Relations

Alliance Advisors IR
Aayushi
media@allianceadvisors.com

Source: AEye, Inc.