Company: ACTG
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000934549-25-000042
Chunk: 54

Company: ACACIA RESEARCH CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 $4.61 Unrecognized stock-based compensation expense at June 30, 2025 (in thousands)$— $1,762 $831 Weighted average remaining vesting period at June 30, 2025— 0.9 years1.0 yearRSAs and RSUs granted are time-based and will vest in full after one to three years. The aggregate fair value of RSAs vested during the six months ended June 30, 2025 and 2024 was $396,000 and $623,000, respectively. The aggregate fair value of RSUs vested during the six months ended June 30, 2025 and 2024 was $2.3 million and $2.9 million, respectively. During the six months ended June 30, 2025, RSAs and RSUs totaling 629,486 shares were vested and 174,157 shares of 

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common stock were withheld to pay applicable required employee statutory withholding taxes based on the market value of the shares on the vesting date.PSUs granted can be earned based upon the level of achievement of the Company’s compound annual growth rate of its adjusted book value per share, measured over a three-year performance period beginning on January 1, 2023 and ending on December 31, 2025. The number of PSUs granted in 2023 that can be earned ranges from 0% to 200% of the target number of PSUs granted (up to a maximum of 750,000 shares of Acacia’s common stock per recipient). Such number of PSUs that are ultimately earned and eligible to vest will generally become vested on the third anniversary of the grant date subject to continued employment through such date. The Company has expensed $1.8 million related to the PSUs based on the probability assessment performed as of June 30, 2025.Compensation expense for share-based awards recognized in general and administrative expenses was comprised of the following:Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024(In thousands)Options$50 $124 $149 $252 RSAs150 136 194 242 RSUs533 631 1,093 1,255 PSUs221 — 440 — Total compensation expense for share-based awards$954 $891 $1,876 $1,749 Total unrecognized stock-based compensation expense for time-based awards as of June