Company: ARWR
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001628280-25-024666
Chunk: 44

Company: ARROWHEAD PHARMACEUTICALS, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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2,572 $5,520 $5,566 General and administrative expense500 491 993 967 Variable lease cost (1)Research and development951 836 1,937 1,615 General and administrative expense— — — — Total $4,160 $3,899 $8,450 $8,148 (1) Variable lease cost is primarily related to operating expenses associated with the Company’s operating leases.There was no short-term lease cost during the three and six months ended March 31, 2025 and 2024, respectively. The following table presents maturities of operating lease liabilities on an undiscounted basis as of March 31, 2025:YearAmounts(in thousands)2025 (remainder)$7,776 202615,799 202714,974 202813,619 202913,905 2030 and thereafter114,790 Total$180,863 Less imputed interest$(66,552)Total operating lease liabilities (includes current portion)$114,311 Supplemental cash flow and other information related to leases was as follows:Three Months Ended March 31,Six Months Ended March 31,2025202420252024(in thousands)Cash received for amounts included in the measurement of lease liabilities:Operating cash flows from operating leases$— $— $— $3,099 Right-of-use assets obtained in exchange for amended operating lease liabilities$— $— $— $64 Cash paid for amounts included in the measurement of lease liabilities:Operating cash flows from operating leases$3,840 $2,046 $7,680 $4,016 March 31,20252024Weighted-average remaining lease term (in years)12.113.0Weighted-average discount rate8.0 %8.0 %

NOTE 9. STOCK-BASED COMPENSATION

The Company has three plans that provide for equity-based compensation.Under the 2013 Incentive Plan (the “2013 Plan”), 2,391,211 shares of the Company’s common stock are reserved for grants of stock options and restricted stock awards to employees and directors as of March 31, 2025. Under the 2021 Incentive Plan (the “2021 Plan”), 8,000,000 shares (subject to certain adjustments) of the 

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Company’s common stock are reserved