secwatch.observer — SEC 8-K summary
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Issuer:     Relay Therapeutics, Inc. (RLAY)
CIK:        0001812364
Form:       8-K
Filed at:   2025-06-04T23:59:59+00:00
Accession:  0001193125-25-134908
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02
LLM model:  deepseek-v4-flash:cloud@v2

Relay Therapeutics terminates Binney St lease early, signs Kendall Square lease; saves ~$16M in rent
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- Paid $2.5M modification fee and transferred FF&E to landlord to terminate Binney St lease early.
- Paid $3.5M relocation fee for new 12,190 sq ft office at One Kendall Square, Cambridge.
- Combined lease changes reduce total rent expense by ~$16M over remaining lease terms.
- Continues to lease 41,474 sq ft at 60 Hampshire St (HQ) through June 2032.
- Binney St lease originally set to expire April 2029; early termination tied to Kendall Square possession.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812364/000119312525134908/0001193125-25-134908-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812364/000119312525134908/d48650d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-134908

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