Company: ACTG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000934549-25-000021
Chunk: 70

Company: ACACIA RESEARCH CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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 granted are time-based and will vest in full after one to three years. The aggregate fair value of RSAs vested during the three months ended March 31, 2025 and 2024 was $246,000 and $440,000. The aggregate fair value of RSUs vested during the three months ended March 31, 2025 and 2024 was $1.0 million and $1.1 million. During the three months ended March 31, 2025, RSAs and RSUs totaling 312,297 shares were vested and 121,926 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 the third anniversary of the grant date subject to continued employment through such date. The Company has expensed $1.6 million related to the PSUs based on the probability assessment performed as of March 31, 2025.Compensation expense for share-based awards recognized in general and administrative expenses was comprised of the following:Three Months EndedMarch 31,20252024(In thousands)Options$99 $128 RSAs45 106 RSUs559 624 PSUs219 — Total compensation expense for share-based awards$922 $858 Total unrecognized stock-based compensation expense for time-based awards as of March 31, 2025 was $1.8 million, which will be amortized over a weighted average remaining vesting period of 1.0 year.

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18. INCOME (LOSS) PER SHARE

The following table presents the calculation of basic and diluted income/loss per share of common stock:Three Months EndedMarch 31,20252024(In thousands, except share and per share data)Numerator:Net income (loss) attributable to common stockholders - Basic24,287 (186)Net income (loss) attributable to common