CytoDyn Inc. General form for registration of securities under the Securities Act of 1933

Accrued Liabilities

9 Months Ended

12 Months Ended

Feb. 28, 2026

May 31, 2025

Note 3. Accrued Liabilities and Compensation

The components of accrued liabilities and compensation are as follows (in thousands):


		February 28, 2026		May 31, 2025
Compensation and related expense	$	255	$	278
Legal settlement		12,745		—
Legal fees		15		50
Clinical expense		2,213		487
License fees		563		1,105
Lease payable		34		141
Other liabilities		—		145
Total accrued liabilities	$	15,825	$	2,206

Note 3. Accrued Liabilities

The components of accrued liabilities were as follows (in thousands):


(in thousands)		May 31, 2025		May 31, 2024
Compensation and related expense	$	278	$	208
Legal fees and settlement		50		7
Clinical expense		487		329
License fees		1,105		1,799
Lease payable		141		142
Investor proceeds held in escrow		—		300
Other liabilities		145		25
Total accrued liabilities	$	2,206	$	2,810

As of May 31, 2025 and 2024, the accrued legal fees and settlement balance was primarily related to legal fees.