{"schema_version":"secwatch.filing_event.v1","accession":"0000886744-25-000074","form_type":"8-K","ticker":"GERN","cik":"0000886744","company_name":"GERON CORP","filed_at":"2025-12-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.491836+00:00","generated_at":"2026-05-16T13:08:48.728417+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Geron cuts ~33% of workforce (~87 employees) under restructuring plan; $18M charges","bullets":["Workforce reduction of approximately one-third of current ~260 employees; notifications started Dec 16, 2025.","Estimated restructuring charges of ~$18 million, mainly cash severance, healthcare, and benefits.","Charges expected in Q4 2025 and Q1 2026; most cash payments through Q1 2026; RIF substantially complete Q1 2026.","Board unanimously approved the plan on December 10, 2025; plan aims to improve financial discipline and long-term value.","No non-cash equity compensation charges anticipated; actual costs may differ materially."],"urls":{"canonical":"https://secwatch.observer/filing/0000886744-25-000074","json":"https://secwatch.observer/filing/0000886744-25-000074.json","markdown":"https://secwatch.observer/filing/0000886744-25-000074.md","text":"https://secwatch.observer/filing/0000886744-25-000074.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/886744/000088674425000074/0000886744-25-000074-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/886744/000088674425000074/gern-20251210.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:08:48.728417+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3a81b93a83a697b2c87021b12e951d78d4ac3b6d","claim":"GERON CORP announced a restructuring with charges of approximately $18 million affecting the entire company (approximately one-third of its current approximately 260 employees).","evidence_excerpt":"affected employees on December 16, 2025, and expects the RIF to be substantially complete in the first quarter of 2026. The Company estimates that it will incur approximately $18 million in restructuring and restructuring-related charges, consisting primarily of one-time employee severance payments, healthcare and related benefits, and other employee-related","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/886744/000088674425000074/0000886744-25-000074-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001315257-26-000036","ticker":"KOP","company_name":"Koppers Holdings Inc.","filed_at":"2026-05-08T23:59:59+00:00","headline":"Koppers conditionally plans to shut Stickney, IL chemical operations; Q1 adjusted EPS down 19.7%","event_type":"other_material","sec_items":["2.02","2.05","5.02","5.07","7.01","9.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001315257-26-000036","json":"https://secwatch.observer/filing/0001315257-26-000036.json","markdown":"https://secwatch.observer/filing/0001315257-26-000036.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1315257/000131525726000036/0001315257-26-000036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1315257/000131525726000036/kop-20260507.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"affected employees on December 16, 2025, and expects the RIF to be substantially complete in the first quarter of 2026. The Company estimates that it will incur approximately $18 million in restructuring and restructuring-related charges, consisting primarily of one-time employee severance payments, healthcare and related benefits, and other employee-related","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/886744/000088674425000074/0000886744-25-000074-index.htm","comparable_excerpt":"potentially appropriate uses for the Stickney facility following the end of production activities. The Company expects this action to result in pre-tax charges to earnings of $227 million to $262 million through the end of 2029, approximately $170 million to $195 million of which constitutes non-cash charges and approximately $57 million to $67 million of which","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1315257/000131525726000036/0001315257-26-000036-index.htm"}},{"accession":"0001477333-26-000033","ticker":"NET","company_name":"Cloudflare, Inc.","filed_at":"2026-05-07T23:59:59+00:00","headline":"Cloudflare Q1 revenue $639.8M +34% YoY; announces 20% workforce reduction","event_type":"other_material","sec_items":["2.02","2.05","7.01","9.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001477333-26-000033","json":"https://secwatch.observer/filing/0001477333-26-000033.json","markdown":"https://secwatch.observer/filing/0001477333-26-000033.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1477333/000147733326000033/0001477333-26-000033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1477333/000147733326000033/cloud-20260507.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"affected employees on December 16, 2025, and expects the RIF to be substantially complete in the first quarter of 2026. The Company estimates that it will incur approximately $18 million in restructuring and restructuring-related charges, consisting primarily of one-time employee severance payments, healthcare and related benefits, and other employee-related","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/886744/000088674425000074/0000886744-25-000074-index.htm","comparable_excerpt":"On May 7, 2026, the Company announced a plan (the “Plan”) designed to further accelerate its evolution to an agentic AI-first operating model. As part of the Plan, the Company expects to reduce its current workforce by approximately 20%. The Company currently estimates that it will incur charges of between $140 million and $150 million in connection with the Plan","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1477333/000147733326000033/0001477333-26-000033-index.htm"}},{"accession":"0001679788-26-000049","ticker":"COIN","company_name":"Coinbase Global, Inc.","filed_at":"2026-05-05T23:59:59+00:00","headline":"Coinbase to cut 700 jobs (14% of workforce) in restructuring for AI era","event_type":"other_material","sec_items":["2.05"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001679788-26-000049","json":"https://secwatch.observer/filing/0001679788-26-000049.json","markdown":"https://secwatch.observer/filing/0001679788-26-000049.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1679788/000167978826000049/0001679788-26-000049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1679788/000167978826000049/coin-20260505.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"affected employees on December 16, 2025, and expects the RIF to be substantially complete in the first quarter of 2026. The Company estimates that it will incur approximately $18 million in restructuring and restructuring-related charges, consisting primarily of one-time employee severance payments, healthcare and related benefits, and other employee-related","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/886744/000088674425000074/0000886744-25-000074-index.htm","comparable_excerpt":"The Plan involves a reduction of the Company’s workforce by approximately 700 employees, representing approximately 14% of the Company’s global workforce as of May 1, 2026. The Company expects execution of the Plan to be substantially complete in the second quarter of 2026. In connection with these actions, the Company estimates that it will incur approximately $50 million to $60 million in total restructuring expenses","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1679788/000167978826000049/0001679788-26-000049-index.htm"}},{"accession":"0001193125-26-192362","ticker":"AUTL","company_name":"Autolus Therapeutics plc","filed_at":"2026-04-29T23:59:59+00:00","headline":"Autolus cuts workforce 13%; expects $8M restructuring charge, $15M annualized savings","event_type":"other_material","sec_items":["2.05","7.01","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-192362","json":"https://secwatch.observer/filing/0001193125-26-192362.json","markdown":"https://secwatch.observer/filing/0001193125-26-192362.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1730463/000119312526192362/0001193125-26-192362-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1730463/000119312526192362/d113906d8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"affected employees on December 16, 2025, and expects the RIF to be substantially complete in the first quarter of 2026. The Company estimates that it will incur approximately $18 million in restructuring and restructuring-related charges, consisting primarily of one-time employee severance payments, healthcare and related benefits, and other employee-related","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/886744/000088674425000074/0000886744-25-000074-index.htm","comparable_excerpt":"Item 2.05 Costs Associated with Exit or Disposal Activities. On April 29, 2026, Autolus Therapeutics plc (the “Company”) announced its Board of Directors approved a plan to improve operational efficiency and reduce operating expenses. This plan will implement a reduction in force whereby the Company will eliminate approximately 13% of the Company’s workforce, inclusive of employee-related actions that began in the second half of 2025. The Company anticipates that it will complete the implementation of the plan by the third quarter of 2026. Affected employees will be offered separation benefits, including severance payments and, where applicable, temporary healthcare coverage assistance. The Company estimates that it will incur total expenses relating to the realignment of approximately $8 million, consisting of severance and termination-related costs. The Company expects to record a significant portion of these charges in the first half of 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1730463/000119312526192362/0001193125-26-192362-index.htm"}},{"accession":"0001104659-26-049837","ticker":"IAC","company_name":"IAC Inc.","filed_at":"2026-04-28T23:59:59+00:00","headline":"IAC announces name change to 'People Incorporated', restructuring with $40M cost savings, and C-suite changes","event_type":"other_material","sec_items":["2.02","7.01","2.05","5.02","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-049837","json":"https://secwatch.observer/filing/0001104659-26-049837.json","markdown":"https://secwatch.observer/filing/0001104659-26-049837.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1800227/000110465926049837/0001104659-26-049837-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1800227/000110465926049837/tm2612831d1_8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"affected employees on December 16, 2025, and expects the RIF to be substantially complete in the first quarter of 2026. The Company estimates that it will incur approximately $18 million in restructuring and restructuring-related charges, consisting primarily of one-time employee severance payments, healthcare and related benefits, and other employee-related","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/886744/000088674425000074/0000886744-25-000074-index.htm","comparable_excerpt":"Ahead of its name change to \"People Incorporated\" which is expected to occur with the release of Q2 2026 earnings in August, the Company has initiated a plan to consolidate its corporate functions with those of its People Inc. business (\" People \"), through a reduction in workforce, technology integrations, and other cost-saving measures over the coming quarters (the \" Plan \"). The Plan is expected to generate annual run-rate cost savings of approximately $40 million. The Plan is expected to be completed by Q1 of 2027. The Company expects to incur approximately $14 million in severance and related expenses, $48 million in non-cash stock-based compensation expense and $0.5 million to $1 million in other costs related to the Plan.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1800227/000110465926049837/0001104659-26-049837-index.htm"}},{"accession":"0001104659-26-050407","ticker":"VERX","company_name":"Vertex, Inc.","filed_at":"2026-04-28T23:59:59+00:00","headline":"Vertex announces global restructuring; to cut ~170 jobs, ~9% of workforce","event_type":"other_material","sec_items":["2.05"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-050407","json":"https://secwatch.observer/filing/0001104659-26-050407.json","markdown":"https://secwatch.observer/filing/0001104659-26-050407.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1806837/000110465926050407/0001104659-26-050407-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1806837/000110465926050407/tm2612960d1_8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"affected employees on December 16, 2025, and expects the RIF to be substantially complete in the first quarter of 2026. The Company estimates that it will incur approximately $18 million in restructuring and restructuring-related charges, consisting primarily of one-time employee severance payments, healthcare and related benefits, and other employee-related","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/886744/000088674425000074/0000886744-25-000074-index.htm","comparable_excerpt":"On April 28, 2026, the Vertex, Inc. (the “Company”) announced its Board of Directors (the “Board”) approved a global Value Creation Plan (the “Plan”) intended to become a more AI-enabled company, focus investments on key growth opportunities and drive operational efficiency to better align the Company’s workforce and resources with its long-term strategic priorities. The Plan includes a reduction in force of approximately 170 employees, representing approximately 9% of the Company’s global workforce as of April 27, 2026. In connection with the Plan, the Company estimates that it will incur aggregate pre-tax charges of approximately $6 million to $8 million, consisting primarily of cash expenditures related to employee severance, notice pay, statutory termination indemnities, and other employee separation benefits.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1806837/000110465926050407/0001104659-26-050407-index.htm"}},{"accession":"0001193125-26-155861","ticker":"SNAP","company_name":"Snap Inc","filed_at":"2026-04-15T23:59:59+00:00","headline":"Snap reports Q1 rev ~$1.53B (+12% YoY), adj EBITDA ~$233M; cuts 16% of staff (~1,000 jobs)","event_type":"other_material","sec_items":["2.02","2.05","7.01","9.01"],"materiality_score":0.8,"calibrated_materiality_score":0.8,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-155861","json":"https://secwatch.observer/filing/0001193125-26-155861.json","markdown":"https://secwatch.observer/filing/0001193125-26-155861.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1564408/000119312526155861/0001193125-26-155861-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1564408/000119312526155861/d36756d8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"affected employees on December 16, 2025, and expects the RIF to be substantially complete in the first quarter of 2026. The Company estimates that it will incur approximately $18 million in restructuring and restructuring-related charges, consisting primarily of one-time employee severance payments, healthcare and related benefits, and other employee-related","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/886744/000088674425000074/0000886744-25-000074-index.htm","comparable_excerpt":"increased operational efficiencies to accelerate our path toward net-income profitability. As a result, we currently estimate that we will incur pre-tax charges in the range of $95 million to $130 million, primarily consisting of severance and related costs, contract termination costs, and other impairment charges, of which $75 million to $100 million are expected","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1564408/000119312526155861/0001193125-26-155861-index.htm"}},{"accession":"0001193125-26-154873","ticker":null,"company_name":"AIR LEASE CORP","filed_at":"2026-04-14T23:59:59+00:00","headline":"Sumisho Air Lease cuts 64 employees (40% workforce reduction) after merger completion","event_type":"other_material","sec_items":["2.05"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-154873","json":"https://secwatch.observer/filing/0001193125-26-154873.json","markdown":"https://secwatch.observer/filing/0001193125-26-154873.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1487712/000119312526154873/0001193125-26-154873-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1487712/000119312526154873/d119227d8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"affected employees on December 16, 2025, and expects the RIF to be substantially complete in the first quarter of 2026. The Company estimates that it will incur approximately $18 million in restructuring and restructuring-related charges, consisting primarily of one-time employee severance payments, healthcare and related benefits, and other employee-related","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/886744/000088674425000074/0000886744-25-000074-index.htm","comparable_excerpt":"the Company approved a plan to reduce its workforce, currently affecting 64 employees, a 40% reduction in workforce as compared to December 31, 2025.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1487712/000119312526154873/0001193125-26-154873-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}