Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Our common stock is traded on the Nasdaq Global Select Market under the symbol “AEBI.”
Holders
The number of shareholders of record of our common stock on March 17, 2026 was 223, provided that this includes 149 legacy Shyft shareholders of record (collectively holding approximately 0.07% of the outstanding shares) who have not yet exchanged their shares of Shyft common stock for shares of Aebi Schmidt common stock. This is not the actual number of beneficial owners of our common stock, because most shareholders hold their shares through a stockbroker, bank or other nominee rather than directly in their own names.
Dividends
From our public listing in July 2025 through December 31, 2025, we have paid dividends in quarterly installments on our common stock as shown in the table below. In each case, the dividends were paid by way of a distribution from capital contribution reserves.
Date dividend declared Record date Payment date Dividend per share ($)
August 14, 2025 August 29, 2025 September 29, 2025 $0.025
October 23, 2025 November 17, 2025 December 18, 2025 $0.025
No assurance can be given that any future dividends will be made or, if made, as to the amounts or timing of any future dividends, because any decision by the Board to recommend the payment of a dividend will depend on many factors, such as our financial condition, earnings, corporate strategy, credit rating, capital requirements, debt service obligations, debt covenants, industry practice, legal requirements, regulatory constraints and other factors that the Board deems relevant, and because payment of a dividend is subject to shareholder approval.
Securities authorized for issuance under equity compensation plans
See Item 12 below for information concerning our equity compensation plans.
Stock Performance Graph
The performance graph below shows the cumulative total return to our stockholders between July 2, 2025 (the date that our common stock commenced trading “regular way” on the Nasdaq Global Select Market) through December 31, 2025, in comparison to the Nasdaq Composite Index and the Dow Jones U.S. Commercial Vehicles & Trucks Total Stock Market Index. The graph assumes that $100 was invested in our common stock and each index at their closing prices on July 2, 2025 and assumes reinvestment of all dividends. The stock price performance shown in the graph represents past performance and is not necessarily indicative of future stock price performance.
31
7/1/2025 7/31/2025 8/29/2025 9/30/2025 10/31/2025 11/28/2025 12/31/2025
Aebi Schmidt Group $ 100 $ 76 $ 89 $ 92 $ 82 $ 88 $ 93
NASDAQ Composite Index Total Return $ 100 $ 105 $ 106 $ 112 $ 118 $ 116 $ 115
Dow Jones U.S. Commercial Vehicles & Trucks Total Stock Market Index $ 100 $ 106 $ 103 $ 108 $ 117 $ 119 $ 120
The stock price performance graph and related information shall not be deemed ‘‘filed’’ with the Securities and Exchange Commission, nor shall such information be incorporated by reference by any general statement incorporating by reference this Form 10-K into any filing under the Securities Act or the Exchange Act, except to the extent that we specifically incorporate this information by reference.
Recent Sales of Unregistered Securities
On June 24, 2025, we granted an aggregate of 250,000 shares of our Common Stock (such number is adjusted for the 1 to 7.5 forward stock split of our common stock effected on July 1, 2025) to members of our executive board and/or other senior executives of our group companies, to reward them for exceptional performance, help retain their services, and better align their interests with those of Aebi Schmidt. The shares used to settle these grants were issued on July 1, 2025. The grants were made in reliance on an exemption from the registration requirements of the Securities Act under Section 4(a)(2) thereof on the basis that the issuance of securities did not involve a public offering.
We made no other issuances of unregistered securities during the period covered by this Annual Report.
Issuer Purchases of Equity Securities
We do not have any publicly announced stock repurchase plans or programs, so did not engage in any share repurchases under any such plan or program during the fourth quarter of 2025, and we did not effect any other share repurchases during such period.
Item 6. [ Reserved ]