Company: RPID
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001380106-25-000174
Chunk: 340

Company: RAPID MICRO BIOSYSTEMS, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 340
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 value of the Company’s Class A common stock for those options that had exercise prices lower than such fair value.The intrinsic value of stock options exercised during each of the three months ended June 30, 2025 and 2024 was $0.3 million and less than $0.1 million, respectively, and during each of the six months ended June 30, 2025 and 2024 was $0.6 million and less than $0.1 million, respectively.

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The weighted average grant-date fair value per share of stock options granted during the three months ended June 30, 2025 and 2024 was $1.81 and $0.43, respectively and during the six months ended June 30, 2025 and 2024 was $1.80 and $0.48, respectively. Restricted stock unitsRestricted stock unit grants  typically have service-based vesting terms from one to three years. Vesting occurs annually on the anniversary of the grant date. During the six months ended June 30, 2025, the Company granted restricted stock units with service-based vesting conditions only. The Company expenses the fair value of the restricted stock units over the expected vesting period and accounts for forfeitures prospectively as they occur. The following table summarizes the Company's restricted stock units activity since December 31, 2024:Number of sharesWeighted average fair valueUnvested as of December 31, 20241,941,688$1.46 Granted2,072,325$3.13 Vested(667,088)$2.11 Forfeited(172,353)$2.95 Unvested as of June 30, 20253,174,572$2.34 The weighted average grant-date fair value per share of restricted stock units granted during each of the three months ended June 30, 2025 and 2024 was $2.76 and $0.93, respectively, and during the six months ended June 30, 2025 and 2024 was $3.13 and $0.94, respectively. The total fair value of shares vested during the years ended June 30, 2025 and 2024 was $2.4 million and $0.4 million, respectively. 2021 Employee Stock Purchase PlanIn July 2021, the board of directors adopted, and the Company’s stockholders approved, the 2021 Employee Stock Purchase Plan (the