Company: SCLXW
Filing Date: 2025-01-17
Form Type: 10-Q
Source: 0000950170-25-006755
Chunk: 290

Company: Scilex Holding Co
Filing Date: 2025-01-17
Form: 10-Q
Item: Item 8
Chunk 290
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        7.5

        $
        7,459

        Granted
         
        1,867

        $
        1.04

        Exercised
         
        (154
        )
         
        $
        1.48

        Forfeited/cancelled
         
        (476
        )
         
        $
        6.85

        Outstanding as of September 30, 2024
         
        34,361

        $
        4.17

        6.7

        $
        224

        Exercisable as of September 30, 2024
         
        22,652

        $
        3.33

        5.8

        $
        200

       Intrinsic value is calculated as the difference between the exercise price of the underlying options and the fair value of the Common Stock for the options that had exercise prices that were lower than the per share fair value of the Common Stock as of the measurement date of the intrinsic value. The weighted-average grant date fair value per share of stock options granted during the nine months ended September 30, 2024 was $0.81 per share. The total intrinsic value of options exercised during the nine months ended September 30, 2024 was $19.2 thousand. Total stock-based compensation recorded within operating expenses was $3.7 million and $3.5 million for the three months ended September 30, 2024 and 2023, respectively and $10.9 million and $10.8 million for the nine months ended September 30, 2024 and 2023, respectively. The total unrecognized compensation costs related to unvested employee and non-employee stock option grants as of September 30, 2024 were $31.5 million, which the Company expects to recognize over a weighted-average period of approximately 2.6 years. Scilex Holding Company 2022 Employee Stock Purchase Plan On October 17, 2022, the Board adopted the Scilex Holding Company 2022 Employee Stock Purchase Plan (the “ESPP”). The purchase price of the Common Stock is equal to 85% of the lesser of the market value of such shares at the beginning of an offering period or the date of purchase. As of September 30, 2024, the total number of shares of Common Stock that may be issued under the ESPP shall