Company: ACTG
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000934549-25-000054
Chunk: 142

Company: ACACIA RESEARCH CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 142
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 effective date of the 2016 Plan. In May 2022, security holders approved an increase of 5,500,000 shares of common stock authorized to be issued pursuant to the 2016 Plan. As of the effective date of the 2024 Plan, 1,421,848 shares of common stock remained available for issuance under the 2016 Plan.The number of shares of common stock reserved for issuance under the 2024 Plan was 11,168,000 shares plus the 1,421,848 shares of common stock available for issuance under the 2016 Plan, which were transferred into the 2024 Plan as of the effective date of the 2024 Plan. As of September 30, 2025, there were 12,179,045 shares of common stock available for grant under the 2024 Plan.Upon the exercise of stock options, the granting of RSAs, or the delivery of shares pursuant to vested RSUs, it is Acacia’s policy to issue new shares of common stock. The plan administrator may amend or modify the 2024 Plan at any time, subject to any required stockholder approval. As of September 30, 2025, there are 15,658,882 shares of common stock reserved for issuance under the Plans.The following table summarizes stock option activity for the Plans:OptionsWeighted Average Exercise PriceAggregate Intrinsic ValueWeightedAverageRemaining Contractual Life(In thousands)Outstanding at December 31, 20241,001,520 $4.16 $437 7.3 yearsGranted— $— $— Exercised(8,333)$3.58 $3 Forfeited/Expired— $— $— Outstanding at September 30, 2025993,187 $4.16 $— 6.6 yearsExercisable at September 30, 2025834,208 $4.19 $— 6.5 yearsVested and expected to vest at September 30, 2025993,187 $4.16 $— 6.6 yearsUnrecognized stock-based compensation expense at September 30, 2025 (in thousands)$91 Weighted average remaining vesting period at September 30, 20250.5 yearsDuring the three and nine months ended September 30, 2025, there were no stock options granted. The aggregate fair value of options vested during the nine