Company: RPTX
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030405
Chunk: 102

Company: Repare Therapeutics Inc.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 102
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 similar to those of the 2020 Plan. 350,000 common shares were reserved for issuance under the Inducement Plan. As of December 31, 2024, the number of common shares that may be issued under the Inducement Plan is 335,300. WarrantsIn November 2024, the Company issued a warrant, as compensation for services to a consultant, to purchase up to 35,000 common shares of the Company at an exercise price of $3.61 per share, vesting in equal quarterly installments over a two-year period. The warrant expires 5 years after the grant date. Total share-based compensation expense of $0.07 million will be recognized over the two-year vesting period under general and administrative expenses. 

121

Stock OptionsThe assumptions that the Company used in the Black Scholes option-pricing model to determine the grant date fair value of stock options granted to employees and non-employees were as follows, presented on a weighted-average basis:

        Year Ended December 31,

        2024

        2023

        Risk-free interest rate

        4.21
        %

        3.73
        %

        Expected term (in years)

        5.97

        6.01

        Expected volatility

        83.07
        %

        81.50
        %

        Expected dividend yield

        0.00
        %

        0.00
        %
       
      The weighted average grant date fair value of stock options granted during the years ended December 31, 2024 and 2023 was $4.70 and $8.18, respectively.The following table summarizes the Company’s stock options activity:

        Number ofshares

        Weightedaverageexerciseprice

        Weightedaverageremainingcontractualterm(in years)

        Intrinsic value (in thousands)

        Outstanding, January 1, 2024

        10,097,771

        $
        13.77

        7.41

        $
        13,502

        Granted

        1,636,182

        $
        6.45

        Exercised

        (8,612
        )
         
        $
        1.99

        Cancelled or forfeited

        (841,437
        )
         
        $
        12.41

        Outstanding, December 31, 2024

        10,883,