Company: PRTA
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001559053-25-000009
Chunk: 194

Company: PROTHENA CORP PUBLIC LTD CO
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 194
---
31, 20247,546,069 $25.17 4.99$3,397 The total intrinsic value of options exercised was $1.3 million, $52.1 million, and $49.2 million during the years ended December 31, 2024, 2023 and 2022, respectively, determined as of the date of exercise.The following table summarizes the activity and related information for RSUs during the year ended December 31, 2024:Number of UnitsWeighted AverageGrant-DateFair ValueWeightedAverageRemainingContractualTerm (years)AggregateIntrinsicValue(in thousands)Unvested at December 31, 202325,250 $58.01 1.09$918 Units Granted— — Units Vested(19,250)59.95 Units Forfeited— — Unvested at December 31, 20246,000 $51.80 0.71$83 Unvested and expected to vest at December 31, 20245,699 $52.06 0.71$79 The fair value of RSUs was determined on the date of grant based on the market price of the Company’s ordinary shares as of that date. The fair value of the RSUs is recognized as an expense on a straight-line basis over the vesting period of each RSU. Upon the vesting of the RSUs, a portion of the shares vested are sold by the employee to satisfy employee withholding tax requirements (sell-to-cover). As of December 31, 2024, total compensation cost not yet recognized related to unvested RSUs was $0.1 million, which is expected to be recognized over a weighted-average period of 0.71 years. RSUs settle into ordinary shares upon vesting.

10. Income Taxes

The Company files its U.S. and Irish income tax returns and income taxes are presented in the Consolidated Financial Statements using the asset and liability method prescribed by the accounting guidance for income taxes.Income (loss) before provision for income taxes by country for each of the fiscal periods presented is summarized as follows (in thousands):Year Ended December 31,202420232022Ireland$(129,602)$(153,920)$(119,571)U.S.672 (6,560)(6,034)Loss before provision for income taxes$(128,930)$(160,480)$(125,605)