secwatch.observer — SEC 8-K summary
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Issuer:     PROCEPT BioRobotics Corp (PRCT)
CIK:        0001588978
Form:       8-K
Filed at:   2022-01-04T23:59:59+00:00
Accession:  0001628280-22-000138
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PROCEPT BioRobotics signs 10-year lease for 158,221 sq ft San Jose facility; appoints Mary Garrett to board
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- Lease for 158,221 rentable sq ft in San Jose, CA; term 122 months starting on or before Dec 31, 2022.
- Initial annual base rent ~$4.3M, increasing to ~$5.5M in year 10; tenant improvement allowance up to $7.9M.
- Company plans to relocate from Redwood City to San Jose by end of current lease.
- Mary Garrett appointed as Class II director, effective Dec 29, 2021; term through 2023 Annual Meeting.
- Garrett received $200K restricted stock unit award vesting over three years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1588978/000162828022000138/0001628280-22-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1588978/000162828022000138/prct-20211229.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-000138

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