Company: SCYX
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000950170-25-038044
Chunk: 164

Company: SCYNEXIS INC
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1B
Chunk 164
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 2024 and 2023 was $0.9 million and $0.7 million, respectively.As of December 31, 2024, there was approximately $1.5 million of total unrecognized compensation cost related to unvested options granted under the plans. That cost is expected to be recognized over a weighted-average period of 2.45 years.Restricted stock unit ("RSU") activity under the 2024 Plan and 2015 Plan for the years ended December 31, 2024, is summarized as follows: 

        Number of Shares

        WeightedAverageGrant DateFair ValuePer Share

        Non-vested at December 31, 2023

        1,886,374

        $
        2.28

        Granted

        2,025,940

        $
        1.88

        Vested

        (720,599
        )
         
        $
        2.88

        Forfeited

        (71,341
        )
         
        $
        1.96

        Non-vested at December 31, 2024

        3,120,374

        $
        1.89

       The fair value of RSUs is based on the market price of the Company’s common stock on the date of grant.  RSUs generally vest 33% annually over a three-year period from the date of grant. Upon vesting, the RSUs generally are net share 

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settled to cover the required withholding tax with the remaining shares issued to the holder.  The Company recognizes compensation expense for such awards ratably over the corresponding vesting period.  As of December 31, 2024, there was approximately $3.8 million of total unrecognized compensation cost related to unvested RSU share-based compensation.  That cost is expected to be recognized over a weighted-average period of 1.55 years.2014 Employee Stock Purchase PlanIn February 2014, the Company’s board of directors adopted the 2014 Employee Stock Purchase Plan (“2014 ESPP”), which was subsequently ratified by the Company’s stockholders and became effective on May 2, 2014. The purpose of the 2014 ESPP is to provide means by which eligible employees of the Company and of certain designated related corporations may be given an opportunity to purchase shares of the Company’s common stock, and to seek and retain services of new and existing employees and to