Equity

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Equity

(6) Equity

Common Stock

There was no common stock activity during the six months ended June 30, 2024 and 2023, except as described in Incentive Equity Awards below.

Incentive Equity Awards

The following table summarizes the aggregate number of stock options and restricted stock units, or RSUs, outstanding under the Amarin Corporation plc 2020 Stock Incentive Plan, or the 2020 Plan, as of June 30, 2024:

	June 30, 2024
Outstanding stock options		25,336,953
% of outstanding shares on a fully-diluted basis		6	%
Outstanding RSUs		14,926,385
% of outstanding shares on a fully-diluted basis		3	%

The following table represents equity awards activity during the six months ended June 30, 2024 and 2023:

	Six months ended June 30,
	2024		2023
Common shares issued for stock option exercises		9,500		1,238,263
Gross and net proceeds from stock option exercises	$	10,260	$	1,878,000
Common shares issued in settlement of vested RSUs		2,992,343		3,037,583
Shares retained for settlement of employee tax obligations ─ RSUs		1,092,998		851,549
Common shares issued in settlement of vested Performance-based RSUs (1)		468,230		277,607
Shares retained for settlement of employee tax obligations ─ Performance-based RSUs		227,380		120,214

(1)Performance-based RSUs vested in connection with the achievement of certain performance conditions during the year.

In July 2024, the Company granted 5,000,000 stock options to Aaron Berg in connection with his appointment as President and Chief Executive Officer, which will vest upon achievement of specified stock price conditions for the Company.

In April 2024, the Company granted a total of 492,296 RSUs and 1,438,360 stock options to members of the Company's Board of Directors. The RSUs vest annually over a three-year period and the stock options vest quarterly over a four-year period with a one-year cliff vesting.

In February 2024, the Company granted a total of 6,800,500 RSUs and 2,662,000 stock options to employees under the 2020 Plan. The RSUs vest annually over a three-year period and the stock options vest quarterly over a four-year period with a one-year cliff vesting.

In February 2023, the Company granted a total of 7,775,850 RSUs and 4,297,500 stock options to employees under the 2020 Plan. The RSUs vest annually over a three-year period and the stock options vest quarterly over a four-year period with a one-year cliff vesting. Also in February 2023, the Company granted a total of 1,368,800 RSUs to employees under the 2020 Plan that vest upon the achievement of specified sales and operational performance conditions.