Company: HRTX
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028374
Chunk: 203

Company: HERON THERAPEUTICS, INC. /DE/
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 203
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 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

        $
        14.82

       Exercise prices and weighted-average remaining contractual lives for the options outstanding as of December 31, 2024 were: 

        Weighted-

        Weighted-

        Average

        Average

        Weighted-

        Exercise

        Remaining

        Average

        Price of

        Outstanding

        Range of
         
        Contractual

        Exercise

        Options

        Options

        Options

        Exercise Prices
         
        Life (in years)

        Price

        Exercisable

        Exercisable

        5,241