Company: HRTX
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028374
Chunk: 139

Company: HERON THERAPEUTICS, INC. /DE/
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 139
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43

        Granted

        2,175

        $
        1.65

        Released

        (1,116
        )
         
        $
        2.49

        Forfeited

        (483
        )
         
        $
        3.69

        Balance at December 31, 2024

        1,981

        $
        2.35

      As of December 31, 2024, options outstanding have a weighted-average remaining contractual term of 7.8 years and options exercisable have a weighted-average remaining contractual term of 6.4 years.Total intrinsic value of options outstanding, which is the difference between the exercise price and the closing price of our common stock on the last trading day of the calendar year, was $1.5 million at December 31, 2024 and $2.8 million at December 31, 2023.  The were no options outstanding and in-the-money at December 31, 2022.The total intrinsic value of stock option exercises, which is the difference between the exercise price and closing price of our common stock on the date of exercise, during the years ended December 31, 2024 and 2023 was $385,000 and $10,000, respectively. There were no option exercises during the year ended December 31, 2022. As of December 31, 2024 and 2023, the total intrinsic value of options outstanding and exercisable was $385,000 and $137,000, respectively. As of December 31, 2022, there were no options outstanding and exercisable that were in-the-money. 

        Years Ended December 31,

        2024

        2023

        2022

        Weighted-

        Weighted-

        Weighted-

        Average

        Average

        Average

        Exercise

        Exercise

        Exercise

        Options

        Price

        Options

        Price

        Options

        Price

        Exercisable at end of year

        9,589

        $
        8.88

        11,390

        $
        12.87

        13,650

        $
        17.86

        Options vested or expected to vest

        26,082

        $
        4.46

        24,575

        $
        7.06

        20,184

        $