Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation Plans (Tables)

v3.26.3
Stock-Based Compensation Plans (Tables)
3 Months Ended
Aug. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Shares Available for Future Grant
As of August 31, 2026, the total number of shares authorized for grant under the 2026 Plan is shown in the table below:
Available Shares
Original share pool of the 2026 Plan 22,500,000 
Total shares authorized for grant as of August 31, 2026 22,500,000 
Shares available for future grant as of August 31, 2026 under the 2026 Plan were as follows:
Shares Available
For Grant
Available as of June 1, 2026 21,500,000 
Share pool increase — 
Granted (7,642,846)
Forfeited — 
Expired 889 
Available as of August 31, 2026 13,858,043 
Schedule of RSA Activity
RSA activity for the three months ended August 31, 2026 is summarized below:
Number of Shares Weighted-Average Grant Date Fair Value
Unvested as of June 1, 2026 1,000,000  $ 17.92 
Granted
200,000  22.86 
Vested
—  — 
Forfeited
—  — 
Unvested as of August 31, 2026 1,200,000  $ 18.74 
Schedule of RSU Activity
RSU activity for the three months ended August 31, 2026 is summarized below:
Number of Shares Weighted-Average Grant Date Fair Value
Unvested as of June 1, 2026 17,208  $ 10.02 
Granted 7,442,846  20.86 
Vested (2,500) 4.72 
Forfeited (889) 14.70 
Unvested as of August 31, 2026 7,455,665  $ 20.84 
Schedule of Stock-Based Compensation Expense Stock-based compensation expense related to RSAs and RSUs was recorded as follows (in thousands):
Three Months Ended
August 31, 2026 August 31, 2025
Cost of revenues $ 31  $ 90 
Selling, general and administrative 10,097  — 
Total stock-based compensation $ 10,128  $ 90