Company: PACB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001299130-25-000156
Chunk: 36

Company: PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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 and available for future issuance under the 2020 Plan, Inducement Plan, and the Omniome Plan. Shares remaining and available for future issuance reflect shares that may become eligible to vest upon the achievement of maximum targets for certain equity awards.

Q2 Fiscal 2025 Form 10-Q22

Refer to Note 9 – Stockholders' Equity, in Part II, Item 8 of our 2024 Annual Report for more information on the Company's equity plans.Stock OptionsThe following table summarizes stock option activity for time-based awards:(shares in thousands)Numberof sharesWeightedaverageexercise priceOutstanding at December 31, 202410,509$11.09 Granted 8,2901.22 Canceled(1,892)8.31 Expired(358)6.52 Outstanding at June 30, 202516,549$6.57 Restricted Stock Units ("RSU") and Performance Stock Units ("PSU")We issue RSUs for which the respective shares vest when the requisite service period is achieved. We issue PSUs for which the number of shares issuable is based on performance relative to specified revenue targets and continued employment through the vesting period. The PSUs are issuable following the third year of the performance period. 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, while not meeting the minimum achievement of the revenue goal under the PSUs will result in no shares subject to the PSUs becoming eligible to vest. The following table summarizes the time-based RSUs and PSUs activity: Restricted Stock Units (RSU)Performance Stock Units (PSU)Weighted average grant datefair value(shares in thousands)RSUPSUOutstanding at December 31, 202414,211 392 $7.41 $9.43 Granted11,814 — 1.25 — Vested(4,179)— 9.34 — Forfeited(2,939)— 4.01 — Outstanding at June 30, 202518,907 392 $3.67 $9.43 Employee Stock Purchase Plan ("ESPP")Shares issued under our ESPP were 1,752,417 and 1,194,436 during the six months ended June 30, 2025 and 2024, respectively. In the first quarter