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EMPLOYEE BENEFIT PLAN
12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLAN EMPLOYEE BENEFIT PLAN
The Company sponsors a defined-contribution savings plan under Section 401(k) of the Internal Revenue Code covering all full-time employees (“Sangamo 401(k) Plan”). The Sangamo 401(k) Plan is intended to qualify under Section 401 of the Internal Revenue Code.
The Company matched employee contributions equal to 100% in 2023, 2022, and 2021, up to a limit of $5,000 in 2023 and $4,000 in 2022 and 2021. Matching funds are fully vested when contributed. Contributions to the Sangamo 401(k) Plan by
the Company were $1.8 million, $1.5 million and $1.5 million for the years ended December 31, 2023, 2022 and 2021, respectively.