Company: PMVP
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030414
Chunk: 183

Company: PMV Pharmaceuticals, Inc.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 183
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 31, 2024: 

        Shares Available for Grant

        Balances December 31, 2023

        4,474,411

        Shares reserved for issuance

        2,572,174

        Options and RSUs granted

        (6,331,885
        )

        Options forfeited / cancelled

        4,552,488

        RSU’s forfeited

        53,916

        Balances December 31, 2024

        5,321,104

       2020 Employee Stock Purchase PlanThe 2020 Employee Stock Purchase Plan (the “2020 ESPP”) was approved by the board of directors on September 24, 2020.  A total of 400,752 shares of common stock were initially reserved for issuance under this plan, which shall be increased, upon approval by the board of directors, on January 1, 2021 and each January 1 thereafter, to the lesser of (i) 801,504 shares of common stock, (ii) 1% of the outstanding shares of common stock on the last day of the immediately preceding fiscal year, or (iii) an amount determined by the board of directors or any of its committees no later than the last day of the immediately preceding fiscal year. For 2022, the board waived the annual increase to the shares reserved under the 2020 ESPP. For 2023, the 2020 ESPP reserved shares were increased under clause (ii) by 457,713 shares, effective as of January 1, 2023. For 2024, the 2020 ESPP reserved shares were increased under clause (ii) by 514,434 shares, effective as of January 1, 2024. For 2025, the board waived the annual increase to the shares reserved under the 2020 ESPP.  On May 20, 2024, employees of the Company exercised their right to purchase 73,152 shares under the 2020 ESPP. On November 21, 2024, employees of the Company exercised their right to purchase 89,793 shares under the 2020 ESPP. As of December 31, 2024, 365,290 shares are issued or outstanding, and there were 1,408,321 shares available for issuance, under the 2020 ESPP.  Stock OptionsOn July 16, 2024, the