BARNES WEALTH MANAGEMENT, LLC

o the expected stock option term. The expected stock option term represents the weighted average period of time that stock options granted are expected to be outstanding, based on vesting schedules and the contractual term of the stock options. Volatility is based on the historical volatility of the Company’s common stock over a period of time corresponding to the expected stock option term. The stock options are exercisable in four equal annual installments commencing one year after the date of grant and have a ten-year term. Holders are not entitled to receive dividends (if any) prior to vesting and exercise of the options. Long-Term Incentive Compensation Activity On June 11, 2024, BNED completed the Reverse Stock Split, which was approved by stockholders at a special meeting 80 Index t

payroll costs, and management service agreement costs, including rent expense, related to our college and university contracts and other facility related expenses. Our selling and administrative expenses consist primarily of store payroll and store operating expenses. Selling and administrative expenses also include long-term incentive plan compensation expense and general office expenses, such as merchandising, procurement, field support, and finance and accounting. Results of Operations Summary (a) For a detailed discussion of Fiscal 2026 and year-over-year comparison to Fiscal 2025, see Results of Operations below. 52 weeks ended 53 weeks ended Dollars in thousands May 2, 2026 May 3, 2025 Sales: Product sales and other $ 1,564,365 $ 1,463,245 Rental income 150,405 146,925 Total sales $