Company: ACTG
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000934549-25-000054
Chunk: 143

Company: ACACIA RESEARCH CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 143
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 months ended September 30, 2025 was $420,000.

36

The following table summarizes nonvested restricted stock activity for the Plans:RSAsRSUsPSUsSharesWeighted Average Grant Date Fair ValueUnitsWeighted Average Grant Date Fair ValueUnitsWeighted Average Grant Date Fair ValueNonvested at December 31, 202467,668 $3.63 833,195 $4.42 1,981,464 $4.61 Granted56,162 $3.56 193,032 $3.73 — $— Vested(123,830)$3.60 (521,041)$4.46 — $— Forfeited— $— — $— — $— Nonvested at September 30, 2025— $— 505,186 $4.11 1,981,464 $4.61 Unrecognized stock-based compensation expense at September 30, 2025 (in thousands)$— $1,238 $911 Weighted average remaining vesting period at September 30, 2025— 0.6 years0.7 yearsRSAs and RSUs granted are time-based and will vest in full after one to three years. The aggregate fair value of RSAs vested during the nine months ended September 30, 2025 was $446,000. The aggregate fair value of RSUs vested during the nine months ended September 30, 2025 was $2.3 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