secwatch.observer — SEC 8-K summary
======================================

Issuer:     Vaxcyte, Inc. (PCVX)
CIK:        0001649094
Form:       8-K
Filed at:   2023-09-07T23:59:59+00:00
Accession:  0001193125-23-230628
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Vaxcyte expands HQ by assuming 36,593 sq ft lease at 825 Industrial Road, San Carlos
--------------------------------------------------------------------------------

- Assumed lease from Codexis for ~36,593 rentable sq ft at 825 Industrial Road, San Carlos.
- Lease term expires November 30, 2031; base rent starts at $5.85/sq ft/month with 3% annual increases.
- Three-month rent abatement after effective date (expected ~October 1, 2023).
- Company to provide $220,656 letter of credit as security deposit.
- This expansion supplements existing 77,734 sq ft Vaxcyte headquarters lease at the same building.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649094/000119312523230628/0001193125-23-230628-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649094/000119312523230628/d452686d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-230628

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer