Company: HRTX
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-060882
Chunk: 46

Company: HERON THERAPEUTICS, INC. /DE/
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 46
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 pre-established Company stock price levels until a Company stock price of $9.00 is achieved, at which point the options become fully vested. In order to achieve a specified Company stock price level, the Company stock price must remain at that level for any 20 trading days within any 30-trading day period. Options are disclosed assuming threshold level of achievement. (2) Options vest over a four-year period, with fifteen percent (15%) of the shares vesting upon the first anniversary of the grant and then vesting ratably on a monthly basis, with eighteen percent (18%) of the shares vesting ratably during the second year, twenty-five percent (25%) of the shares vesting ratably during the third year and forty-two percent (42%) vesting ratably during the fourth year, generally subject to continued service through the vesting date.

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(3) Options vest over a four-year period, with 25% of the shares vesting upon the first anniversary of the grant and then vesting ratably on a monthly basis, with twenty-five percent (25%) of the shares vesting during each of the second, third and fourth year, generally subject to continued service through the vesting date. (4) Options vest over a four-year period ratably on a monthly basis, with 1/48th vesting on the one month anniversary of the grant and every month thereafter, generally subject to continued service through the vesting date. (5) Market value of unvested shares is based on the closing price of our shares of common stock of $1.53 on December 31, 2024. (6) Restricted stock units vest in four equal installments annually on the anniversary of the grant date, over a four-year period, generally subject to continued service through the vesting date. (7) Restricted stock units vest in sixteen equal installments quarterly on the anniversary of the grant date, over a four-year period, generally subject to continued service through the vesting date. Option Exercises and Stock Vesting During Fiscal 2024 The following table summarizes stock vesting in 2024. The NEOs did not exercise any options in 2024.

| Name           |     | Number of   
 Shares      
 Acquired on 
 Vesting (#) |         |     | Value           
 Realized on     
 Vesting ($) (1) |         |
|:---------------|:----|:------------|--------:|:----|:----------------|--------:|