AEye, Inc. SEC Filings

AEye, Inc. (LIDR) reported that Treasurer & CFO Conor B. Tierney had 26,549 shares of common stock withheld on 2026-08-15 to satisfy tax withholding obligations upon the vesting of a restricted stock unit award. The company states that no shares were sold. Following this net-settlement transaction, Tierney directly holds 301,207 shares of AEye common stock.

AEye, Inc. had its warrant securities removed from listing and registration on the Nasdaq Stock Market under Section 12(b) of the Securities Exchange Act of 1934. Nasdaq certified that it followed its own rules to strike this class of securities, and AEye followed the exchange’s procedures and the requirements of 17 CFR 240.12d2-2(c) for the voluntary withdrawal. The notice is signed on behalf of Nasdaq Stock Market LLC by an authorized CDO Analyst.

AEye, Inc. develops physical AI sensing solutions built on software‑defined lidar for automotive and non‑automotive markets. For the quarter ended June 30, 2026, revenue was $202 (in thousands), up 818% from $22 in 2025, but gross loss was $161 and net loss was $10,022. For the first half of 2026, revenue reached $303, up 252% from $86, while net loss widened slightly to $18,367 as research and development, sales and marketing, and general and administrative expenses all increased.

At June 30, 2026, cash, cash equivalents and marketable securities totaled $71,503 (in thousands), stockholders’ equity was $68,314, and total assets were $76,576. Net cash used in operating activities was $15,842 for the first half, and management states it believes existing liquidity is sufficient to meet obligations for at least the next twelve months. The company has raised $70,412 in gross proceeds cumulatively under its at‑the‑market equity program with remaining capacity of $54,588.

Strategically, AEye is advancing its Apollo™, OPTIS™ and STRATOS™ lidar products, emphasizing a common software‑defined platform. It highlights a Tier 1 partnership with LITEON, including a dedicated production line with capacity up to 60,000 units annually, China manufacturing and distribution partnerships with ATI and LighTekton, and integrations with NVIDIA’s DRIVE platforms. Management characterizes 2026 year‑to‑date as showing increased commercial traction and a potential inflection toward commercialization, particularly in non‑automotive and infrastructure applications.

AEye, Inc. reported second quarter 2026 results, highlighting a sharp ramp in early commercial revenue but continued sizable losses. Revenue for the quarter was $202 thousand, up from $22 thousand a year earlier, which management said was approximately nine-fold year-over-year and roughly doubled sequentially. First-half 2026 revenue of $303 thousand already exceeds full-year 2025 revenue.

The company remained unprofitable, posting a Q2 GAAP net loss of $10.0 million, or $0.22 per share, versus a $9.3 million loss in Q2 2025. Non-GAAP net loss was $7.6 million, and Adjusted EBITDA was $(8.3) million. Gross margin stayed negative, with a Q2 gross loss of $161 thousand as operating expenses totaled $10.6 million.

AEye ended June 30, 2026 with $71.5 million in cash and marketable securities and a small $146 thousand convertible note, which management described as a virtually debt-free balance sheet. Operating cash outflow was $15.8 million in the first half. The company reaffirmed full-year 2026 cash consumption guidance of $30–35 million, including about $5 million of working capital, and expects its cash balance to provide operational runway well into 2028. Business updates included a sports analytics agreement with Alive3D, validation of Apollo™ on NVIDIA DRIVE AGX Thor™, and a third consecutive purchase order from its lead defense customer.

Vanguard Capital Management reported beneficial ownership of 2,252,303 shares of AEye Inc. common stock, representing 4.86% of the class. Of these shares, Vanguard has sole power to vote or direct the vote over 311,419 shares and sole power to dispose or direct the disposition of 2,252,303 shares.

The reported position aggregates securities beneficially owned, or deemed beneficially owned, by Vanguard Capital Management LLC and several affiliated entities and business divisions, including certain Vanguard funds and managed accounts. No other single person has an interest in more than 5% of the securities reported.

AEye, Inc. reported that its Board’s Compensation Committee approved changes to executive compensation focused on severance protections. The company adopted a form of Amended and Restated Change in Control Severance Agreement and authorized entry into this agreement with Chief Financial Officer Conor Tierney.

The agreement preserves existing change-in-control severance terms but newly provides benefits for a “Unilateral Termination,” which occurs when an eligible executive resigns for “good reason” or is terminated without “cause” outside a change in control context. In that case, Mr. Tierney is entitled to a severance payment equal to 12 months of base salary plus group health insurance coverage for the same 12‑month period.

All severance benefits are conditioned on the executive signing a general waiver and release of claims, reaffirming obligations under the company’s proprietary information agreement, and allowing any rescission period to lapse so the release becomes effective.

AEye, Inc. reported that its Treasurer & CFO, Conor B. Tierney, received a grant of 500,000 performance stock units (PSUs). Each PSU is economically equivalent to one share of common stock and can convert into one share upon vesting. The PSUs vest in three equal tranches if the company’s NASDAQ closing price, based on a five-day trailing average, meets or exceeds $3.00, $4.00, and $5.00 per share, respectively. Any PSUs that have not vested by December 31, 2030 will be forfeited. Following this award, Tierney holds 708,713 derivative securities related to the company’s stock.

Fisch Matthew reported acquisition or exercise transactions in this Form 4 filing.

AEye, Inc. CEO Matthew Fisch received a grant of 1,000,000 performance stock units, each equivalent to one share of common stock at vesting. The PSUs vest in three equal tranches if the company’s five-day average closing price reaches $3.00, $4.00, and $5.00 per share, respectively, before December 31, 2030. Any units not vested by that date will be forfeited. Following the award, Fisch holds 1,834,724 derivative-linked shares.

AEye, Inc. filed a shelf registration to offer and sell, from time to time, up to $200,000,000 of common stock, preferred stock, debt securities, warrants, rights and units, with specific terms to be set forth in prospectus supplements. The company discloses 46,314,820 shares of common stock issued and outstanding as of May 12, 2026. The prospectus states the company may sell securities through underwriters, dealers, agents or directly, and that net proceeds are intended for general corporate purposes.