Quarterly report [Sections 13 or 15(d)]

Equity Incentive Plan (Tables)

v3.25.4
Equity Incentive Plan (Tables)
6 Months Ended
Nov. 30, 2025
Equity Incentive Plan  
Schedule of stock option activity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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, 2025

 

38,324

​

$

0.46

 

7.65

​

$

4,039

Granted

 

725

​

$

0.30

 

​

​

 

​

Exercised

 

(100)

​

$

0.21

 

​

​

 

6

Forfeited, expired, and cancelled

 

(480)

​

$

1.93

 

​

​

 

​

Options outstanding at November 30, 2025

 

38,469

​

$

0.44

 

7.26

​

$

3,791

Options outstanding and exercisable at November 30, 2025

 

30,700

​

$

0.45

 

6.82

​

$

2,717

Schedule of PSU activity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Weighted average

​

​

Number of

​

Weighted average

​

remaining contractual

(shares in thousands)

  ​ ​ ​

RSUs and PSUs (1)

  ​ ​ ​

grant date fair value

​

life in years

Unvested PSUs at May 31, 2025

​

3,500

​

​

0.41

​

1.75

PSUs granted

​

—

​

​

​

​

​

PSUs forfeited

​

—

​

​

​

​

​

PSUs vested

​

—

​

​

​

​

​

Unvested PSUs at November 30, 2025

 

3,500

​

$

0.41

​

1.25

​

​

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