Stock-Based Compensation (Tables)

3 Months Ended

Mar. 29, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

For the three months ended March 29, 2024, stock option activity was as follows:

	Stock Options
	Number of shares			Weighted average exercise price per share		Weighted average grant date fair value		Weighted average years of remaining contractual term
Outstanding as of December 29, 2023		4,137,183		$	1.26	$	—		7.6
Exercised		(195,864	)		1.26		0.66		—
Forfeited & expired		(200,415	)		1.26		0.66		—
Outstanding as of March 29, 2024		3,740,904			1.26		0.66		7.1
Exercisable as of March 29, 2024		2,662,487		$	1.26	$	0.66		7.1

Summary of Unvested Restricted Stock Units

The following table summarizes the activities for unvested Shimmick restricted stock units for the three months ended March 29, 2024:

	Restricted Stock Units
	Number of shares			Weighted average grant date fair value
Unvested as of December 29, 2023		576,714		$	6.49
Awarded		12,097			6.20
Forfeited		(3,049	)		6.56
Outstanding as of March 29, 2024		585,762			6.48
Ended vested as of March 29, 2024		39,683			6.56
Ended unvested as of March 29, 2024		546,079		$	6.47