Company: MYGN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000899923-25-000086
Chunk: 79

Company: MYRIAD GENETICS INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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1, 2024 and ended on May 31, 2025. The second offering period of 2025 began on June 1, 2025 and will end on November 30, 2025. As of June 30, 2025, 0.2 million shares of common stock were available for issuance under the Amended and Restated 2012 Purchase Plan. Shares purchased under, and compensation expense associated with, the Amended and Restated 2012 Purchase Plan for the three and six months ended June 30, 2025 and 2024 are as follows:Three months endedJune 30,Six months endedJune 30,(in millions)2025202420252024Shares purchased under the plan0.7 0.2 0.7 0.2 Plan compensation expense$0.3 $0.5 $0.8 $1.0 Stock-Based Compensation ExpenseStock-based compensation expense recognized and included in the Condensed Consolidated Statements of Operations and Comprehensive Loss was allocated as follows:Three months endedJune 30,Six months endedJune 30,(in millions)2025202420252024Cost of revenue$0.3 $0.4 $0.6 $0.7 Research and development expense2.0 1.6 4.1 2.8 Sales and marketing expense2.0 2.6 3.5 4.5 General and administrative expense6.4 9.9 12.0 18.5 Total stock-based compensation expense$10.7 $14.5 $20.2 $26.5 

As of June 30, 2025, there was $66.2 million of total unrecognized stock-based compensation expense related to RSUs that is expected to be recognized over a weighted-average period of 2.1 years. The Company recognizes forfeitures as they occur. In the event that a PSU is determined to be improbable of vesting, the Company records an adjustment to reverse all previously recognized expense associated with the equity award in the current period. 

10.INCOME TAXES

In order to determine the Company’s quarterly provision for income taxes, the Company used an estimated annual effective tax rate that is based on expected annual income and statutory tax rates in the various jurisdictions in which the Company operates. Certain significant or unusual items are separately recognized in the quarter during which they occur and can