Company: PACB
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001299130-25-000090
Chunk: 93

Company: PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 93
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 continued service with us through each applicable vesting date.

(8) Corresponds to the date on which our Board of Directors, upon recommendation by our Compensation Committee, approved the PSU grant.

(9) The PSUs will become eligible to vest upon achievement of a specified threshold level of revenue attainment for fiscal year 2025, and below which no portion of the PSUs will be eligible to vest, subject to continued service with us through the applicable vesting date. Maximum achievement of the revenue goal under the PSUs will result in up to 200% of the target number of shares subject to the PSUs to become eligible to vest. The performance period has not been completed and the dollar amounts represent threshold levels of achievement.

(10) The RSUs vest over four years with 1/4th of the shares vesting on February 15 of each of 2025, 2026, 2027, and 2028, subject to continued service with us through each applicable vesting date.

(11) Ms. Kim served as our Chief Financial Officer until December 6, 2024, at which point the unvested portion of her equity awards was forfeited and vested but unexercised options remained exercisable for three months.

(12) Corresponds to the date on which our Compensation Committee approved the PSU grant.

(13) Mr. Eidel served as our Chief Commercial Officer until November 15, 2024, at which point the unvested portion of his equity awards was forfeited and vested but unexercised options remained exercisable for three months.

Option Exercises and Stock Vested During Fiscal Year 2024

The following table lists the number of shares acquired and the value realized as a result of vesting of RSUs by the NEOs that were so designated for the year ended December 31, 2024.

The value realized on vesting is calculated by multiplying the number of shares acquired on vesting by the market price of common stock on the vesting date. None of our NEOs exercised stock options during the year ended December 31, 2024.

<div align='center'>Option Exercises and Stock Vested During Fiscal Year 2024</div>

|                    |     | Stock Awards            |         |     |                                 |           |
| Name               |     | Number of Shares        
 Acquired on Vesting (#) |         |     | Value Realized onVesting ($)(1) |           |
| Christian O. Henry |     |