Company: CSTL
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001447362-25-000097
Chunk: 27

Company: CASTLE BIOSCIENCES INC
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 27
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ity Incentive PlanOn July 24, 2019, we adopted the 2019 Equity Incentive Plan (the “2019 Plan”). The 2019 Plan provides for automatic annual increases to the number of shares authorized for issuance, equal to 5% of our common shares outstanding as of the immediately preceding year end, through January 1, 2029. Under this provision, effective January 1, 2025, an additional 1,424,159 shares became available under the 2019 Plan. As of June 30, 2025, there were 1,002,126 shares remained available for grant under the 2019 Plan. Inducement PlanOn December 22, 2022, our board of directors approved the 2022 Inducement Plan (the “Inducement Plan”). The Inducement Plan provides for the granting of awards as inducement material to the grantee’s entering into employment with us to the extent such grantee was not previously an employee of ours or is entering into employment following a bona fide period of non-employment with us. As of June 30, 2025, there were 88,640 shares available for grant under the Inducement Plan.Stock OptionsStock option activity under our stock plans for the six months ended June 30, 2025 is set forth below:  Weighted-Average  Stock OptionsOutstandingExercisePriceRemainingContractualTerm (Years)AggregateIntrinsicValue(in thousands)Balance as of December 31, 20242,989,763 $36.23 Granted— $— Exercised(16,995)$2.16 Forfeited/Cancelled(60,225)$43.98 Balance as of June 30, 20252,912,543 $36.27 5.1$7,583 Exercisable at June 30, 20252,834,588 $36.17 5.0$7,583 Restricted Stock UnitsThe following table summarizes our RSU activity for the six months ended June 30, 2025:Restricted Stock Units OutstandingWeighted-Average Grant Date Fair ValueBalance as of December 31, 20243,196,224 $23.52 Granted1,508,158 $21.18 Vested(1)(520,157)$22.74 Forfeited/Cancelled(159,905)$23