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Revolution Medicines 8-K Report, Material Agreement (Sep 1, 2026)

Reports
Material Agreements·Financial Events
Filing Date
Filed September 1, 2026
Period End
August 27, 2026
Securities
RVMDRVMDW
In the record · 2020–202610-K710-Q208-K72

RVMD filed 7 annual reports (10-K), 20 quarterly reports (10-Q) and 72 current reports (8-K) between 2020 and 2026.

  1. Leadership change8-K · Mar ’21Mar ’21
  2. Leadership change8-K · Jul ’22Jul ’22
  3. Deal closed8-K · Nov ’23Nov ’23
  4. Material agreement8-K · Jun ’25Jun ’25

01—Abstract

Summary

Summary of the 8-K filed September 1, 2026. Cited figures are marked; the original filing is the authoritative source.

Revolution Medicines, Inc. (RVMD) disclosed in this Form 8-K, filed September 1, 2026, that on August 27, 2026 it agreed to lease the entirety of four buildings at 1600, 1700, 1800 and 1900 Seaport Boulevard in Redwood City, California, comprising approximately 672,000 rentable square feet, to serve as its new headquarters.

The transaction consists of four separate leases with four affiliated landlords, subsidiaries of Pacific Shores Phase II Associates, LLC. Commencement dates are staggered from September 26, 2027 through September 1, 2028, with initial terms ending in September 2042, and the company holds options to extend each lease for up to three additional five-year periods. At full commencement, aggregate scheduled monthly base rent will begin at approximately $2.7 milliona and increase by approximately 3% annually.

Rent abatement periods run through January 2030 and represent an aggregate base rent abatement of approximately $23.1 millionb. The landlords have agreed to aggregate tenant improvement allowances of approximately $115.9 million, with the company able to elect up to approximately $40.3 million in additional allowances, which would be repaid as additional rent amortized at 10% annually. The leases are conditioned on the landlords' acquisition of the underlying properties (the "Phase II Closing").

Base rent is reduced if that closing occurs after November 24, 2026, and the company may terminate if it does not occur by December 31, 2026; each lease automatically terminates if the closing has not occurred by April 29, 2027, absent an agreed extension. The filing also notes that Farallon Capital Management, L.L.C. reported beneficial ownership of approximately 6.4%c of the company's common stock as of June 30, 2026, and that Farallon-managed funds indirectly own a majority interest in the landlords.

02—Key points

Key Highlights

  1. Agreed on August 27, 2026 to lease four Redwood City, California buildings totaling approximately 672,000 rentable square feet as the company's new headquarters.
  2. Aggregate scheduled monthly base rent starts at approximately $2.7 million, escalating about 3% annually, with rent abatement through January 2030 totaling approximately $23.1 million.
  3. Landlords agreed to aggregate tenant improvement allowances of approximately $115.9 million, plus up to approximately $40.3 million in optional additional allowances amortized at 10% annually.
  4. Lease commencement is staggered from September 26, 2027 through September 1, 2028, with initial terms ending September 2042 and three five-year extension options per lease.
  5. Effectiveness depends on the landlords acquiring the properties (Phase II Closing); the company may terminate if this does not occur by December 31, 2026, and leases automatically terminate if not closed by April 29, 2027.
  6. Farallon Capital Management reported beneficial ownership of approximately 6.4% of common stock as of June 30, 2026, and Farallon-managed funds indirectly hold a majority interest in the landlords.
  7. Full lease texts are to be filed as exhibits to the Form 10-Q for the quarter ending September 30, 2026.

03—Questions

Frequently Asked Questions

  1. How large is the new headquarters space the company agreed to lease?

    The leases cover the entirety of four buildings at 1600, 1700, 1800 and 1900 Seaport Boulevard in Redwood City, totaling approximately 672,000 rentable square feet.

  2. What are the base rent and tenant improvement terms?

    Aggregate scheduled monthly base rent begins at approximately $2.7 million and rises about 3% annually. Rent abatement through January 2030 totals approximately $23.1 million. Landlords agreed to approximately $115.9 million in tenant improvement allowances, with up to approximately $40.3 million in additional allowances available, amortized at 10% annually as additional rent.

  3. When do the leases start and end?

    Commencement dates are staggered, beginning September 26, 2027 and extending through September 1, 2028. Initial terms each end in September 2042, and the company has options to extend each lease for up to three additional five-year periods, with rent during extensions set at fair market rent.

  4. What could prevent the leases from taking effect?

    The leases are subject to the landlords acquiring the underlying properties (Phase II Closing). If that closing does not occur by December 31, 2026, the company may terminate, and each lease automatically terminates if the closing has not occurred by April 29, 2027, absent a mutually agreed extension.

  5. What is Farallon's relationship to the company and the landlords?

    Farallon Capital Management, L.L.C. reported beneficial ownership of approximately 6.4% of the company's outstanding common stock as of June 30, 2026, and investment funds it manages indirectly own a majority interest in the landlords.

04—Continue

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