Company: SRPT
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029973
Chunk: 334

Company: Sarepta Therapeutics, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 334
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 of ELEVIDYS in June 2024 resulted in the cliff-vesting of 44,300 of the 97,460 shares of the March 2024 PSU during the year ended December 31, 2024.  As of December 31, 2024, none of the remaining performance conditions associated with the March 2022 PSU and March 2024 PSU were probable of being achieved.The weighted-average grant date fair value of RSUs granted during the years ended December 31, 2023 and 2022 was $151.20 and $85.39, respectively. The fair values of RSUs vested during the years ended December 31, 2024, 2023 and 2022 totaled $86.9 million, $82.6 million and $33.1 million, respectively.2013 Employee Stock Purchase PlanUnder the Company’s 2013 ESPP, participating employees purchase common stock through payroll deductions. The purchase price is equal to 85% of the lower of the closing price of the Company’s common stock on the first business day and the last business day of the relevant purchase period. The 24-month offering period will end between August 31, 2025 and August 31, 2026. The following table summarizes the Company’s ESPP activity for each of the periods indicated: 

        For the Year Ended December 31,

        2024

        2023

        2022

        Number of shares purchased

        143,589

        153,027

        115,124

        Proceeds received (in millions)
         
        $
        12.2

        $
        10.8

        $
        7.5

F-32

Stock-based Compensation ExpenseThe following table summarizes stock-based compensation expense by grant type and by function included within the consolidated statements of comprehensive income (loss):

        For the Year Ended December 31,

        2024

        2023

        2022

        (in thousands)

         Stock options
         
        $
        62,255

        $
        79,472

        $
        174,868

         Restricted stock units

        135,612

        97,808

        52,601

         Employee stock purchase plan

        7,266

        5,234

        5,549

        Subtotal
         
        $