Company: RGNX
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0000950170-25-038770
Chunk: 279

Company: REGENXBIO Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 1B
Chunk 279
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 (in thousands, except per share data): 

        Weighted-average

        Grant Date

        Shares

        Fair Value

        Unvested balance at December 31, 2023

        1,309

        $
        25.89

        Granted

        1,217

        $
        16.07

        Vested

        (395
        )
         
        $
        27.17

        Forfeited

        (89
        )
         
        $
        22.15

        Unvested balance at December 31, 2024

        2,042

        $
        19.95

       The total intrinsic value of restricted stock units vested during the years ended December 31, 2024, 2023 and 2022 was $6.7 million, $3.9 million and $2.2 million, respectively.Employee Stock Purchase PlanIn June 2015, the Board of Directors adopted the 2015 ESPP, which became effective upon the Company’s initial public offering in September 2015. The number of authorized shares reserved for issuance under the 2015 ESPP automatically increases on the first business day of each fiscal year by the lesser of (i) 1% of the shares of common stock outstanding on the last business day of the prior fiscal year; or (ii) the number of shares determined by the Board of Directors. Unless otherwise determined by the administrator of the 2015 ESPP, two offering periods of six months’ duration will begin each year on January 1 and July 1. As of December 31, 2024, the total number of shares of common stock authorized for issuance under the 2015 ESPP was 1,426,994, of which 912,964 remained available for future issuance. During the years ended December 31, 2024, 2023 and 2022, 105,400, 103,388 and 75,733 shares of common stock, respectively, were issued under the 2015 ESPP.

12. Retirement PlanThe Company sponsors a defined-contribution retirement plan under Section 401(k) of the Internal Revenue Code (the 401(k) Plan). The 401(k) Plan covers all employees who meet defined minimum age and service requirements, and allows participants to defer a portion of their annual compensation. The Company matches employee deferrals up to a specified percentage of eligible compensation. For the years