XOMA Royalty Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Basis of Presentation and Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Stock Based Compensation (Tables)

v3.22.2

Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Stock Based Compensation

Weighted Average Assumptions


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Dividend yield	0	%	0	%	0	%	0	%
Expected volatility	69	%	76	%	70	%	94	%
Risk-free interest rate	2.90	%	1.06	%	2.17	%	0.77	%
Expected term	5.61 years		6.00 years		5.65 years		5.68 years

Stock Option Activity


			Weighted		Weighted
			Average		Average		Aggregate
			Exercise		Contractual		Intrinsic
	Number of		Price		Term		Value
	shares		Per Share		(in years)		(in thousands)
Outstanding at January 1, 2022		1,911,177	$	20.64		6.33	$	15,103
Granted		222,972		19.83
Exercised		(101,811)		8.07
Forfeited, expired or cancelled		(7,447)		31.04
Outstanding at June 30, 2022		2,024,891	$	21.15		6.31	$	16,048
Exercisable at June 30, 2022		1,571,458	$	19.94		5.47	$	15,414

Stock-based Compensation Expense

The following table shows total stock-based compensation expense for stock options and ESPP in the condensed consolidated statements of operations and comprehensive loss (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
General and administrative		837		768		1,815		3,666
Total stock-based compensation expense	$	837	$	768	$	1,815	$	3,666

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