Company: ACTG
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000934549-25-000054
Chunk: 55

Company: ACACIA RESEARCH CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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3 million. During the nine months ended September 30, 2025, RSAs and RSUs totaling 644,871 shares were vested and 174,157 shares of common stock were withheld to pay applicable required employee statutory withholding taxes based on the market value of the shares on the vesting date.PSUs granted can be earned based upon the level of achievement of the Company’s compound annual growth rate of its adjusted book value per share, measured over a three-year performance period beginning on January 1, 2023 and ending on December 31, 2025. The number of PSUs granted in 2023 that can be earned ranges from 0% to 200% of the target number of PSUs granted (up to a maximum of 750,000 shares of Acacia’s common stock per recipient). Such number of PSUs that are ultimately earned and eligible to vest will generally become vested on the third anniversary of the grant date subject to continued employment through such date. The Company has expensed $3.1 million related to the PSUs based on the probability assessment performed as of September 30, 2025.Compensation expense for share-based awards recognized in general and administrative expenses was comprised of the following:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024(In thousands)Options$51 $114 $199 $366 RSAs50 62 245 304 RSUs523 605 1,616 1,860 PSUs1,251 — 1,691 — Total compensation expense for share-based awards$1,875 $781 $3,751 $2,530 Total unrecognized stock-based compensation expense for time-based awards as of September 30, 2025 was $2.2 million, which will be amortized over a weighted average remaining vesting period of 0.6 years.

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18. INCOME (LOSS) PER SHARE

The following table presents the calculation of basic and diluted income/loss per share of common stock:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024(In thousands, except share and per share data)Numerator:Net (loss) income attributable to common stockholders - Basic(2,730)(13,996)18,264 (22,628)Net (loss) income attributable to common stockholders - Diluted$(2,730)$(13,996)$