{"url_path":"/sec/pcrx/proxy/2026-05-12/000093041326001576","section_key":"body","section_title":"DEFC14A body","topic":"sec","document":{"doc_type":"DEFC14A","doc_date":"2026-05-12","source_url":"https://www.sec.gov/Archives/edgar/data/1396814/0000930413-26-001576-index.html","accession_number":"0000930413-26-001576","cik":"0001396814","ticker":"PCRX","issuer_name":"Pacira BioSciences, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1396814/0000930413-26-001576-index.html","primary_entity_key":"0001396814","primary_entity_name":"Pacira BioSciences, Inc."},"word_count":20085,"has_tables":true,"body_markdown":"DEFC14A\n1\nc116271_defc14a.htm\n\n** **\n\n**UNITED STATES\nSECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n** **\n\n****\n\n** **\n\n**SCHEDULE 14A**\n\n**(Rule 14a-101)**\n\n**INFORMATION REQUIRED IN PROXY\nSTATEMENT\nSCHEDULE 14A INFORMATION**\n\n**Proxy Statement Pursuant to Section\n14(a) of the**\n\n**Securities Exchange Act of 1934**\n\nFiled by the Registrant o\n\nFiled by a Party other than the Registrant x\n\nCheck the appropriate box:\n\noPreliminary Proxy Statement\n\noConfidential, for Use of the Commission Only (as permitted by Rule\n14a-6(e)(2))\n\nxDefinitive Proxy Statement\n\noDefinitive Additional Materials\n\noSoliciting Material Under § 240.14a-12\n\n**Pacira BioSciences, Inc.**\n\n**(Name of Registrant as Specified\nIn Its Charter)**\n\n**DOMA PERPETUAL LO EQUITY MASTER\nFUND LP**\n\n**DOMA PERPETUAL CAPITAL MANAGEMENT LLC**\n\n**DOMA1 LLC**\n\n**DOMA PERPETUAL PARTNERS GP LLC**\n\n**DOMA2 LLC**\n\n**RELIABILITY LLC**\n\n**PEDRO ESCUDERO**\n\n**ERIC DE ARMAS**\n\n**CHRISTOPHER DENNIS**\n\n**OLIVER BENTON “BEN” CURTIS III**\n\n**(Name of Person(s) Filing Proxy\nStatement, if other than the Registrant)**\n\nPayment of Filing Fee (Check all boxes that apply):\n\nxNo fee required\n\noFee paid previously with preliminary materials\n\noFee computed on table in exhibit required by Item 25(b) per Exchange\nAct Rules 14a-6(i)(1) and 0-11\n\n**2026 ANNUAL MEETING OF STOCKHOLDERS\nOF**\n\n**PACIRA BIOSCIENCES, INC.**\n\n**PROXY STATEMENT**\n\n**OF**\n\n**DOMA PERPETUAL CAPITAL MANAGEMENT LLC**\n\n**DOMA PERPETUAL LO EQUITY MASTER FUND LP**\n\n**DOMA PERPETUAL PARTNERS GP LLC**\n\n**DOMA1 LLC**\n\n**DOMA2 LLC**\n\n**PEDRO ESCUDERO**\n\n**ERIC DE ARMAS**\n\n**CHRISTOPHER DENNIS**\n\n**OLIVER BENTON “BEN” CURTIS III**\n\n**RELIABILITY LLC**\n\n** **\n\n**PLEASE FOLLOW THE INSTRUCTIONS\nSET FORTH ON THE ENCLOSED WHITE UNIVERSAL PROXY CARD TO VOTE VIA THE INTERNET OR BY TELEPHONE OR MARK, SIGN, DATE AND RETURN THE\nENCLOSED WHITE UNIVERSAL PROXY CARD BY MAIL TODAY**\n\nThis proxy statement (this “Proxy\nStatement”) and accompanying **WHITE** universal proxy card are being furnished to stockholders of Pacira BioSciences,\nInc., a Delaware corporation (“Pacira” or the “Company”), by DOMA Perpetual LO Equity Master Fund LP, an\nexempted limited partnership organized under the laws of the Cayman Islands (the “Record Stockholder” or “DOMA\nLO Master”), DOMA Perpetual Capital Management LLC, a Delaware limited liability company (“DOMA”), DOMA1 LLC,\na Delaware limited liability company (“DOMA1”), DOMA Perpetual Partners GP LLC, a Delaware limited liability company\n(“DOMA GP”), DOMA2 LLC, a Delaware limited liability company (“DOMA2”), the John Templeton Foundation (“JTF”)1,\nvia its wholly-owned investment holding company, Reliability LLC, Pedro Escudero, (“Mr. Escudero”), and Eric de Armas,\n(“Mr. de Armas,” and collectively with DOMA LO Master, DOMA, DOMA1, DOMA GP, DOMA2, JTF, and Mr. Escudero, the “DOMA\nParties” or “we,” “our” or “us”), and Christopher Dennis and Oliver Benton “Ben”\nCurtis III (collectively with the DOMA Parties, the “Participants”) in connection with the solicitation of proxies\nfrom the holders (the “Stockholders”) of common stock, $0.001 par value, of the Company (the “Common Stock”)\nat the 2026 annual meeting of Stockholders of the Company (including any and all adjournments, postponements, continuations or\nreschedulings thereof, or any other meeting of Stockholders held in lieu thereof, the “2026 Annual Meeting”).\n\nThis Proxy Statement and the enclosed\n**WHITE** universal proxy card are first being mailed to Stockholders on or about May 12, 2026.\n\nWe believe that the current Board\nof Directors of the Company (the “Board”) requires the addition of three new independent directors who will undertake\na comprehensive review of the Company’s sustained economic underperformance and who will ensure Stockholders’ interests\nare fully represented on the Board. Our nominees\n\n1 DOMA is acting as investment\nmanager with respect to the shares beneficially owned by JTF for which DOMA exercises discretionary investment and voting authority.\nJTF is not making or sponsoring the director nominations.\n\n2\n\ninclude one senior executive of DOMA and two nominees\nunaffiliated with the DOMA parties. We are seeking your support at the 2026 Annual Meeting scheduled to be held on June 9, 2026,\nfor the following:\n\n1.**Election of Directors –**To elect our three director nominees, Eric de Armas, Christopher Dennis and Oliver Benton\n“Ben” Curtis III (each, a “DOMA Nominee” and, together, the “DOMA Nominees”), to the Board\nas Class III directors for a term of three years, to serve until the 2029 annual meeting of Stockholders and until their respective\nsuccessors are duly elected and qualified or until the earlier of their resignation or removal;\n\n2.**Ratification of the appointment of KPMG LLP as Independent Auditors** – To vote FOR the ratification of the appointment\nof KPMG LLP as the independent registered public accounting firm for the Company for its fiscal year ending December 31, 2026;\n\n3.**Advisory Vote to Approve Executive Compensation (“Say on Pay”) –**To vote AGAINST the Company’s\nproposal to approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers;\n\n4.**Approval of the Amended and Restated 2011 Stock Incentive Plan** – To vote AGAINST approval of the amendment and\nrestatement of the Company’s 2011 Stock Incentive Plan to increase the number of shares of common stock authorized for grant\nby 2,200,000 newly reserved shares;\n\n5.**Approval of the Amended and Restated 2014 Employee Stock Purchase Plan**– To vote AGAINST approval of the amendment\nand restatement of the Company’s 2014 Employee Stock Purchase Plan to increase the number of shares of common stock authorized\nfor issuance by 800,000 newly reserved shares; and\n\n6.**Other Business -**To transact such other business as may properly come before the 2026 Annual Meeting or any adjournment(s)\nthereof.\n\nThrough this Proxy Statement and enclosed\n**WHITE** universal proxy card, we are soliciting proxies to elect the three DOMA Nominees to become Class III directors. The\nDOMA Parties and Pacira will each be using a universal proxy card for voting on the election of directors at the 2026 Annual Meeting,\nwhich will include the names of all nominees for election to the Board. Stockholders will have the ability to vote for up to three\nnominees on the DOMA Parties’ enclosed **WHITE** universal proxy card. There is no need to use the Company’s blue\nuniversal proxy card or voting instruction form, regardless of how you wish to vote.\n\nAssuming one or more of the DOMA Nominees\nreceives sufficient votes to be elected to the Board, your vote to elect such DOMA Nominees will have the legal effect of replacing\nan equivalent number (up to three) incumbent Class III directors of the Company. If elected, the DOMA Nominees, subject to their\nfiduciary duties as directors, will seek to work with the other members of the Board to maximize stockholder value. However, the\nDOMA Nominees will constitute a minority on the Board and, therefore, they may be unable to implement any actions that may be necessary\nto enhance stockholder value.\n\nThe names, background and qualifications\nof the Company’s nominees, and other information about them, can be found in the Company’s proxy statement.\n\nStockholders are permitted to vote\nfor less than three nominees or for any combination (up to three total) of the DOMA Nominees and the Company’s nominees on\nthe **WHITE** universal proxy card. The DOMA Parties urge Stockholders to use our **WHITE** universal proxy card to vote\n“**FOR**” all three of the DOMA Nominees.\n\n**IMPORTANTLY, IF YOU MARK MORE THAN\nTHREE “FOR” BOXES WITH RESPECT TO THE ELECTION OF DIRECTORS, ALL OF YOUR VOTES WITH RESPECT TO THE ELECTION OF DIRECTORS\nWILL BE INVALID AND WILL NOT BE COUNTED.**\n\n3\n\nThe Company has set the close of business\non April 22, 2026 as the record date for determining Stockholders entitled to notice of, and to vote at, the 2026 Annual Meeting\n(the “Record Date”). Stockholders of record at the close of business on the Record Date will be entitled to vote at\nthe 2026 Annual Meeting. Each outstanding share of Common Stock is entitled to one vote on each matter to be voted on at the 2026\nAnnual Meeting. According to the Company, as of the Record Date, there were 39,334,983 shares of Common Stock outstanding. The\nmailing address of the principal executive offices of the Company is 2000 Sierra Point Parkway, Suite 900, Brisbane, California\n94005.\n\nAs of the date hereof, the DOMA Parties\ncollectively own an aggregate of 2,938,183 shares of Common Stock (the “DOMA Shares”), representing approximately 7.5%\nof the outstanding Common Stock. The Participants intend to vote the DOMA Shares “**FOR**” the election of the DOMA\nNominees, “**FOR**” on the ratification of KPMG as the Company’s independent registered public accounting\nfirm for the 2026 fiscal year, “**AGAINST**” the approval of named executive officer compensation, “**AGAINST**”\nthe approval of the Amended and Restated 2011 Stock Incentive Plan, and “**AGAINST**” the approval of the Amended\nand Restated 2014 Employee Stock Purchase Plan.\n\n4\n\nWe urge you to carefully consider\nthe information contained in this Proxy Statement and then support our efforts by following the instructions set forth on the enclosed\n**WHITE** universal proxy card to vote via the Internet or by telephone or by marking, signing, dating and returning the enclosed\n**WHITE** universal proxy card by mail today.\n\nTHIS SOLICITATION IS BEING MADE BY\nTHE PARTICIPANTS AND NOT ON BEHALF OF THE BOARD OR MANAGEMENT OF THE COMPANY. THE DOMA PARTIES ARE NOT AWARE OF ANY OTHER MATTERS\nTO BE BROUGHT BEFORE THE 2026 ANNUAL MEETING OTHER THAN AS DESCRIBED HEREIN. SHOULD OTHER MATTERS, WHICH THE DOMA PARTIES ARE NOT\nAWARE OF A REASONABLE TIME BEFORE THIS SOLICITATION, BE BROUGHT BEFORE THE 2026 ANNUAL MEETING, THE PERSONS NAMED AS PROXIES IN\nTHE ENCLOSED **WHITE** UNIVERSAL PROXY CARD WILL VOTE ON SUCH MATTERS IN THEIR DISCRETION.\n\n**THE DOMA PARTIES URGE YOU TO VOTE\n“FOR” THE THREE DOMA NOMINEES BY FOLLOWING THE INSTRUCTIONS ON THE ENCLOSED WHITE UNIVERSAL PROXY CARD TODAY. PLEASE\nVOTE VIA THE INTERNET, BY TELEPHONE, OR MARK, SIGN, DATE AND RETURN THE ENCLOSED WHITE UNIVERSAL PROXY CARD BY MAIL, VOTING “FOR”\nTHE ELECTION OF THE THREE DOMA NOMINEES.**\n\nHOLDERS OF SHARES AS OF THE RECORD\nDATE ARE URGED TO SUBMIT A **WHITE** UNIVERSAL PROXY CARD EVEN IF YOUR SHARES OF COMMON STOCK WERE SOLD AFTER THE RECORD DATE.\nIF YOU HAVE ALREADY SENT A BLUE UNIVERSAL PROXY CARD FURNISHED BY THE COMPANY, YOU MAY REVOKE THAT PROXY AND VOTE ON EACH OF THE\nPROPOSALS DESCRIBED IN THIS PROXY STATEMENT BY FOLLOWING THE INSTRUCTIONS ON THE ENCLOSED **WHITE** UNIVERSAL PROXY CARD TO\nVOTE VIA THE INTERNET OR BY TELEPHONE, OR BY MARKING, SIGNING, DATING AND RETURNING THE ENCLOSED **WHITE** UNIVERSAL PROXY CARD\nBY MAIL. THE LATEST DATED PROXY IS THE ONLY ONE THAT WILL BE COUNTED. ANY PROXY MAY BE REVOKED AT ANY TIME PRIOR TO ITS EXERCISE\nAT THE 2026 ANNUAL MEETING BY DELIVERING A WRITTEN NOTICE OF REVOCATION OR A LATER DATED, VALIDLY EXECUTED PROXY FOR THE 2026 ANNUAL\nMEETING OR BY VOTING IN PERSON OR VIRTUALLY AT THE 2026 ANNUAL MEETING.\n\n**Important Notice Regarding the\nAvailability of Proxy Materials for the 2026 Annual Meeting**\n\n**This Proxy Statement and our WHITE universal proxy card are available a**t\n\nwww.mackenziepartners.com/DOMA-PCRX.\n\n5\n\n**IMPORTANT**\n\n**Your vote is important, no matter\nhow many shares of Common Stock you own. We urge you to follow the instructions set forth on the enclosed WHITE universal proxy\ncard to vote via the Internet or by telephone or to mark, sign, date, and return the enclosed WHITE universal proxy card by mail\ntoday to vote FOR the election of the three DOMA Nominees and in accordance with the DOMA Parties’ recommendations on the\nother proposals on the agenda for the 2026 Annual Meeting.**\n\n·If your shares of Common Stock are registered in your own name, please\nfollow the instructions set forth on the enclosed **WHITE** universal proxy card to vote via the Internet or by telephone, or\nmark, sign and date the enclosed **WHITE** universal proxy card and return it today by mail in the postage-paid envelope provided.\n\n·If your shares of Common Stock are held in a brokerage account, you\nare considered the beneficial owner of the shares of Common Stock, and these proxy materials, together with a **WHITE** voting\ninstruction form, are being forwarded to you by your broker. As a beneficial owner, if you wish to vote, you must instruct your\nbroker how to vote. Your broker cannot vote your shares of Common Stock on your behalf without your instructions.\n\n·Depending upon your broker, you may be able to vote either by toll-free\ntelephone or by the Internet. Please refer to the enclosed **WHITE** voting instruction form for instructions on how to vote\nelectronically. You may also vote by marking, signing, dating and returning the enclosed **WHITE** voting instruction form in\nthe postage-paid envelope provided.\n\nAs we are using a “universal”\nproxy card containing the DOMA Nominees as well as the Company’s nominees, there is no need to vote using the Company’s\nblue universal proxy card regardless of how you intend to vote.\n\n**The DOMA Parties strongly urge\nyou NOT to sign or return any blue universal proxy cards or voting instruction forms that you may receive from Pacira. If you return\nthe blue universal proxy card marked “withhold” as a protest against the incumbent directors, it will revoke any WHITE\nuniversal proxy card you may have previously voted.**\n\n* *\n\n*If you have any questions, require\nassistance in voting your **WHITE** universal proxy card, or need additional copies of DOMA’s proxy materials, please\ncontact our proxy solicitor, MacKenzie Partners, Inc., using the contact information provided here:*\n\n**MacKenzie Partners, Inc.\n7 Penn Plaza, Suite 503\nNew York, NY 10001\nCall toll free: (800) 322-2885\nOr\nEmail: proxy@mackenziepartners.com**\n\n6\n\n**BACKGROUND\nTO THE SOLICITATION**\n\nThe following is a chronology of material events leading\nup to this proxy solicitation. This summary does not purport to catalogue every event, action or circumstance committed by or related\nto the Participants in connection with this solicitation.\n\n·In late 2022, DOMA became interested in a potential investment in\nthe Company and began conducting due diligence.\n\n·On January 22, 2023, Mr. Escudero, founder and managing partner of\nDOMA, had a telephone call with Charles A. Reinhart, III, the Company’s then-Chief Financial Officer, and Susan Mesco, the\nCompany’s Vice President of Investor Relations, regarding, among other things, generic drugs coming to the market, and the\nrisk such generics could pose to the Company’s financials.\n\n·At the end of July 2023, DOMA Perpetual LO Equity Master Fund began\npurchasing shares of the Company and continued to purchase through mid-2024.\n\n·On September 20, 2023, Mr. Escudero met virtually with Mr. Reinhart\nand Ms. Mesco to discuss capital allocation priorities, production and manufacturing, the Non-Opioids Prevent Addiction in the\nNation Act (the “NOPAIN Act”), and several other key topics of concern to stockholders.\n\n·On September 28, 2023, Mr. Escudero wrote a private letter to the\nBoard expressing concern for the dramatic collapse in the Company’s stock price from $38.61 as of December 30, 2022 to $30.85\nas of September 28, 2023, the lack of management alignment with stockholders and the need for a call with the CEO of the Company\nat that time.\n\n·On October 5, 2023, Mr. Escudero had a call with Ms. Mesco, David\nStack, the Chief Executive Officer of the Company at that time and Paul Hastings, the lead independent director of the Company\nat that time, to discuss capital allocation, the efficacy of EXPAREL, the pending retirement of Mr. Stack as CEO, and succession\nplanning, as well as other topics.\n\n·On November 7, 2023, Mr. Escudero and Era Lame, DOMA Investment Analyst,\nmet with Ms. Mesco and Mr. Stack at the JPM Equity Opportunities Conference and discussed several topics including the San Diego\nplant and capital allocation.\n\n·On March 7, 2024, Mr. Escudero spoke with Ms. Mesco and Frank Lee,\nthe current Chief Executive Officer and a member of the Board, about several topics including capital allocations, volume, and\ngrowth and pricing after the NOPAIN Act was enacted.\n\n·During April, 2024, Mr. Escudero, gravely concerned on behalf of stockholders\nsent a private letter to the Company’s directors expressing concern for the lack of stockholder value creation, excessive\ncompensation for Company insiders, and the Company’s capital allocation strategy.\n\n·On May 13, 2024, Mr. Escudero met with Company representatives in\nperson to discuss several key concerns of stockholders including the new bond and share buyback announcement, the exiting CFO announcement,\nthe pending patent litigation, and the 340B drug pricing program.\n\n·On July 2, 2024, Mr. Escudero had a call with Ms. Mesco to discuss\nvarious topics including the recent stock price decline due to FDA approval of a generic competitor and the potential date of the\npatent court case, which had not been released.\n\n·On July 15, 2024, Mr. Escudero spoke on the phone with Ms. Mesco to\ndiscuss a report released by JPM regarding the Company’s patent lawsuit.\n\n7\n\n·On July 24, 2024, Mr. Escudero sent a private letter directly to the\nBoard urging immediate and decisive action to protect stockholder value. Specifically, Mr. Escudero called on the Board to approve\na tender offer followed by a substantial stock buyback, and made clear his view that the Company should be directing all available\ncash toward defending its intellectual property, growing the EXPAREL franchise, and aggressively repurchasing stock — rather\nthan allowing capital to sit idle while stockholders bore the consequences of the Board’s inaction. On the same day, Mr.\nEscudero spoke with Ms. Mesco regarding the letter sent.\n\n·In early August 2024, Mr. Escudero proactively reached out to Ms.\nMesco to request a meeting to discuss DOMA’s prior letter and the Company’s plans to keep stockholders informed regarding\nthe anticipated opinion of the U.S. District Court for the District of New Jersey (“court”) in the Company’s\nfirst patent litigation with respect to EXPAREL.\n\n·On August 9, 2024, the court ruled against the Company in the Patent\nLitigation and the Company issued a press release commenting on the ruling. Recognizing the urgency of the situation, Ms. Mesco\nemailed Mr. Escudero that same day to arrange a call for the following business day, August 12, 2024, with Ms. Mesco and Anthony\nMolloy, the Company’s Chief Legal and Compliance Officer. Seeking direct engagement with the Company’s leadership,\nMr. Escudero requested a separate call with Mr. Lee. Mr. Escudero also promptly called Ms. Mesco to urge the Company to begin repurchasing\nstock the following Monday, August 12, 2024, with the goal of repurchasing 50% of the then-outstanding Common Stock of the Company.\nMr. Escudero believed this step was critical to protecting stockholder value in light of the adverse ruling.\n\n·On August 11, 2024, Mr. Escudero sent Mr. Lee an email articulating\nhis view that, given the adverse developments in the Patent Litigation and the resulting significant decline in the Company’s\nstock price, the Company should complete its existing $150 million share repurchase authorization with maximum urgency to signal\nconfidence in the Company’s long-term value and protect stockholders from further erosion.\n\n·On August 12, 2024, Mr. Escudero and an intellectual property litigator\nretained by DOMA participated in a virtual meeting with Mr. Molloy and Ms. Mesco. Mr. Escudero used this meeting to press the Company\non its litigation strategy and patent positioning, and to advocate for a more disciplined approach to capital allocation —\nincluding the urgent deployment of the Company’s share repurchase program. Mr. Escudero once again sought a direct conversation\nwith Mr. Lee. When no such call was forthcoming, Mr. Escudero promptly followed up by email\nto Ms. Mesco later that same day, stressing the severity of the investor confidence crisis triggered by the court’s ruling\nand the need for Mr. Lee to engage personally with stockholders without further delay. The Company, however, failed to act with\ncomparable urgency: Ms. Mesco did not arrange a call with Mr. Lee until August 29, 2024 — leaving stockholders without meaningful\nleadership engagement for more than two weeks following a ruling that had materially impacted the Company’s stock price.\n\n·On August 13, 2024, Mr. Escudero and Joe Kromhotz, DOMA IP attorney,\nhad a call with Ms. Mesco and Mr. Molloy to discuss recent court rulings, upcoming legal cases, and the timeline of legal events.\n\n·On August 16, 2024, Mr. Escudero spoke on the phone with Ms. Mesco\nto discuss the capital allocation priority of a share buyback and the need to negotiate with eVenus.\n\n·On August 19, 2024, in light of the Company’s steep decline\nin stock price (from $33.74 as of December 31, 2023 to $12.29 as of August 12, 2024), Mr. Escudero sent the Board a private letter\nurging the Company to settle with eVenus, execute a sound capital allocation strategy, overhaul its communications with the public\nand for management and the Board to demonstrate support for the Company by holding their shares.\n\n8\n\n·On August 29, 2024, Mr. Escudero spoke telephonically with Ms. Mesco\nand Mr. Lee discussing risks to the Company’s strategic direction, including capital allocation, the potential of settling\nwith generics instead of moving forward with appeal, risk of other generic brands entering the market, and the lack of guidance\nabout the Company’s future.\n\n·On September 25, 2024, DOMA issued a press release sharing a letter\nto the Company’s Board urging it to accelerate and increase the share buyback program. Subsequent to sending the letter,\nMr. Escudero spoke with Ms. Mesco regarding the press release and DOMA’s belief that the Company should repurchase a large\nnumber of shares with its available cash in order to respond to the steep decline in share price and show confidence to its investors.\n\n·On November 7, 2024, Mr. Escudero spoke on the phone with Company\nrepresentatives to discuss Q3 performance and activities, issues with the patent infringement, and capital allocation.\n\n·On November 12, 2024, Mr. Escudero emailed Mr. Lee and Mr. Hastings\nstating that DOMA planned to increase its ownership position and, given the risks associated with the patent litigation, would\nbegin nominating director candidates to the Board in the coming weeks if the issues Mr. Escudero identified were not resolved.\n\n·On December 3, 2024, Mr. Escudero met with Mr. Lee, Shawn Cross, Chief\nFinancial Officer of the Company, and Ms. Mesco, discussing a wide range of topics including the new patent announcement by the\nCompany, the portfolio of intellectual property held, the pending patent infringement case and the potential settlement, and capital\nallocation.\n\nOn December 11, 2024, DOMA issued a press release\nindicating its intent to nominate four independent director candidates at the 2025 annual meeting of stockholders (“2025\nAnnual Meeting”). Later that day, Mr. Escudero sent the Board a private letter summarizing the communications thus far and\nexplaining that the lack of action by the Board led DOMA to make its director nominations. In the private letter, Mr. Escudero\nset out goals which would be in the best interests of all stockholders, including a revision to the Company’s capital allocation\nstrategy and an improved executive compensation policy.\n\n·On February 3, 2025, Mr. Escudero spoke telephonically with Mr. Lee\nand Ms. Mesco discussing various topics including capital allocation, DOMA’s ongoing proxy efforts, and the recently released\n5x30 Plan. During this call, Mr. Escudero expressed DOMA’s willingness to resolve the proxy contest if the Company agreed\nto certain operational improvements, including launching a tender offer for 10 million shares. Mr. Lee responded that the Company\nwas focused on the 5x30 Plan and was not focused on driving value for just one stockholder. DOMA notes that the actions it proposed\n– share repurchases, margin expansion, and cost discipline – would benefit all Stockholders, not just DOMA.\n\n·On February 19, 2025, Mr. Escudero communicated with the Company’s\nBoard via private letter expressing concern regarding the underperformance of the Company’s stock, the apparent lack of Board\noversight, its capital allocation strategy and excessive management compensation.\n\n·On March 13, 2025, DOMA’s outside legal counsel delivered to\nthe Company a notice of nomination of three directors.\n\n·On March 14, 2025, DOMA issued a press release announcing the nomination\nof three highly qualified candidates for the Board.\n\n·Between March 18, 2025 and April 4, 2025, the Company’s outside\nlegal counsel and DOMA’s outside legal counsel exchanged communications regarding the Company’s offer to interview\nDOMA’s director nominees and the completion of the Company’s director and officer questionnaires by DOMA’s director\nnominees.\n\n9\n\n·On March 20, 2025, DOMA sent a private letter to the Company’s\ndirectors pointing out various areas where DOMA compromised on certain items and that DOMA’s aim was to open the line of\ncommunication and to collaborate with the Board moving forward.\n\n·On April 7, 2025, the Company issued a press release announcing the\nvolume-limited settlement of the EXPAREL Patent Litigation. DOMA notes that it had for months urged the Board to settle the Patent\nLitigation and that the settlement was achieved only after DOMA publicly pressed for a resolution.\n\n·On April 11, 2025, Mr. Escudero and a DOMA analyst met with Mr. Lee,\nLaura Brege, and Ms. Mesco. During this meeting, Mr. Escudero outlined specific actions that, if taken by the Company, would result\nin DOMA withdrawing its nominations for the 2025 Annual Meeting. These included investing in current commercial products based\non return on investment metrics, authorizing a $300 million share repurchase program through the end of 2026, and committing to\nmargin expansion at the pre-tax income level. DOMA’s goal was to work constructively with the Company to achieve tangible\nresults for all Stockholders.\n\n·On April 13, 2025, Mr. Escudero communicated via email with Ms. Brege,\nMr. Lee, and Ms. Mesco, stating that, unless a resolution was found with the Company, DOMA would resume public statements on April\n21, 2025, but that DOMA’s goal was to reach an agreement with the Company. Mr. Escudero stated that the resolution must include\nthe public announcement of a new $300 million share buyback program to be completed by the end of 2026 and an explicit public commitment\nto margin expansion at the pre-tax income level alongside a new efficiency program focused on cost reduction.\n\n·On April 14, 2025, Mr. Lee and Mr. Escudero spoke by phone. Mr. Lee\nindicated that the Board had discussed the items Mr. Escudero had outlined, believed that it might be the right time to increase\nthe Company’s share repurchase authorization, and was of the view that there was a potential path to resolution of the proxy\ncontest.\n\n·Between April 15 and April 17, 2025, representatives from the Company’s\noutside legal counsel and DOMA’s outside legal counsel sought to negotiate a potential settlement, including the structure\nof the settlement, whether there would be a cooperation agreement, and the specific wording of a draft press release.\n\n·On April 16, 2025, Mr. Escudero communicated via email that if the\nCompany promptly authorized a $300 million share buyback and committed publicly to margin expansion, DOMA would stand down. The\nBoard met on the same day and authorized a new share repurchase program of $300 million — the very action DOMA had been advocating.\n\n·On April 17, 2025, the Company issued its press release that reaffirmed\nPacira’s commitment to enhancing value for all stockholders and the 5x30 Plan, announced the 2025 Share Repurchase Authorization\nand expressed the Company’s commitment to efficiency and margin expansion at the pre-tax net income level, which actions\nthe Board believed to be in the best interests of all stockholders. The Company adopted substantially all of the operational changes\nDOMA had been advocating, actions that DOMA believed to be in the best interests of all stockholders.\n\n·On April 21, 2025, DOMA issued a press release supporting the $300\nmillion share repurchase authorization. As such, DOMA withdrew its nomination notice in good faith, demonstrating that DOMA’s\nadvocacy was focused on operational improvements for the benefit of all Stockholders.\n\n·On May 9, 2025, DOMA communicated via letter to the Board expressing\nconcerns over the stock price’s continued underperformance, questioning capital allocation and management compensation, and\ninquiring whether the current CEO should remain considering DOMA’s views of his ineffectiveness.\n\n10\n\n·On August 6, 2025, Mr. Escudero spoke with Company management representatives\non the telephone to discuss second quarter of 2025 results and the need to cut expenses and drive revenue growth.\n\nOn the same day, Mr. Escudero sent an email\nto the chair of the Board (“Board Chair”) requesting a phone call with her and any other member of the Board who wished\nto participate.\n\n·On August 8, 2025, DOMA filed a Schedule 13D disclosing aggregate\nbeneficial ownership of approximately 5.7% of the outstanding shares of the Company.\n\n·On August 15, 2025, Mr. Escudero spoke with Ms. Mesco on the phone\nto discuss several topics including capital allocation, market trends, and a request to speak with the Board in a bid to build\na constructive relationship with the Company.\n\n·On September 8, 2025, Mr. Escudero spoke telephonically with Shawn\nCross and Ms. Mesco to discuss capital allocation, and growth metrics for main product lines.\n\n·On October 6, 2025,\nDOMA sent the Board a private letter indicating disappointment with the execution of the business plan and the continued\nunnecessary spending, and requested a meeting with the Board Chair and other independent directors. Subsequently, Mr. Escudero\nexchanged emails with Ms. Mesco regarding scheduling such a meeting with the Board.\n\n·On October 21, 2025, the Company issued a press release announcing\nthat it had been notified of two separate filings of an Abbreviated New Drug Application with the U.S. Food and Drug Administration,\neach for a product claiming to be a generic of EXPAREL (together, the “ANDA Filings”).\n\n·On October 21, 2025, Mr. Escudero sent various emails to Ms. Mesco\nin which he requested, among other things, that the Company hold an analyst and investor call to discuss the ANDA Filings and fully\ndeploy the 2025 Share Repurchase Authorization immediately. Mr. Escudero again requested a meeting with the Board. That same day,\nMs. Mesco replied to Mr. Escudero’s email, in which she offered calls with Mr. Cross and herself but notably not any legitimate\nopportunities to speak with any of the directors on the Board.\n\n·On October 27, 2025, Mr. Escudero sent private emails to a Company\nrepresentative requesting a call with independent board members. Mr. Escudero subsequently exchanged several emails with the Company\nregarding scheduling such a meeting, which was eventually scheduled for November 25, 2025.\n\n·On November 10, 2025, DOMA filed a Schedule 13D/A disclosing, among\nother things, aggregate beneficial ownership of approximately 6.8% of the outstanding shares of the Company.\n\n·On the same day, DOMA issued a press release sharing a letter to the\nCompany’s Board. The letter expressed DOMA’s belief that the Board should immediately hire bankers and conduct a formal\nsales process as well as pause all M&A activity, reduce costs across the Company, and use all free cash flow on stock buybacks.\n\n·On November 25, 2025, Mr. Escudero and Eric de Armas spoke with Michael\nYang, Ms. Brege and Ms. Mesco discussing a wide range of topics including the lack of stockholder return, excessive management\ncompensation, increased expenses, and DOMA’s concerns of an imbalanced expense growth versus revenue growth.\n\n·On December 10, 2025, DOMA sent a letter to the Board expressing its\nbelief that the Board should publicly announce the formation of an independent committee to explore a sale of the Company. DOMA\nalso expressed concern regarding the Board’s litigation and intellectual property strategy.\n\n11\n\n·On December 30, 2025, DOMA issued a press release indicating DOMA’s\nintent to nominate three highly qualified, independent director candidates at the Company’s 2026 annual meeting of stockholders.\nIt subsequently filed a 13D/A regarding such nominations on January 2, 2026.\n\n·On January 9, 2026, Mr. Escudero wrote an email to the Company’s\nBoard Chair and other Company representatives expressing concern with its depressed stock price and alerting them about an upcoming\nletter to be sent from DOMA’s counsel.\n\n·On January 22, 2026, DOMA’s counsel sent a letter on DOMA’s\nbehalf to the Board. The letter criticized the Company’s litigation, intellectual property, and capital allocation strategies\nand asserted potential breaches of fiduciary duty. Given the Company’s underperformance under its current Board and management,\nDOMA’s counsel also proposed that the Board (1) accept DOMA’s nominees as the only nominees to the Board at the 2026\nAnnual Meeting and (2) form a subcommittee to be led by the three DOMA nominees to initiate a public process to explore a sale\nof the Company.\n\n·On January 28, 2026, the Company announced the appointment of Dr.\nSamit Hirawat to the Board as a Class III director. DOMA notes that this appointment came only weeks after DOMA announced its intent\nto nominate directors, and that the Board’s accelerated refreshment appears to be a reactive response to DOMA’s proxy\ncampaign rather than an organic governance initiative.\n\n·On January 29, 2026, Mr. Escudero communicated via email to two members\nof the Board, including the Board Chair, expressing his continued concern about the trajectory of the Company and the Board’s\napparent lack of appropriate consideration of the risks the Company is facing.\n\n·On February 26, 2026, Mr. Escudero communicated via email to two members\nof the Board, including the Board Chair, sharing views on several topics and noting that the Company would be receiving DOMA notice\nof nomination of three directors.\n\n·On March 11, 2026, DOMA’s outside legal counsel delivered a\nnotice of nomination to the Company, nominating Eric de Armas, Christopher Dennis and Oliver Benton “Ben” Curtis III\nfor election to the Board at the 2026 Annual Meeting.\n\n·On March 12, 2026, DOMA issued a press release indicating that DOMA\nwas nominating three candidates for the Board of the Company. DOMA expressed concern over the Company’s declining stock price\nand asserted that the CEO should be replaced immediately. DOMA subsequently filed a Schedule 13D/A.\n\n·On March 19, 2026, DOMA’s counsel sent a letter on DOMA’s\nbehalf to the Board following up on DOMA’s last letter expressing its interest in engaging with the Company, expressly stating,\n“[o]ur client is open to discussing a possible resolution to set the present circumstances on a more constructive path.”\nDespite these attempts to reach out to the Company for a constructive conversation between DOMA and the Company, the Company failed\nto substantively engage with DOMA.\n\n·On March 19, 2026, Mr. Escudero communicated via email to two members\nof the Board, including the Board Chair, sharing views on several topics.\n\n·Later on March 19, 2026, the Company’s outside legal counsel\nemailed DOMA’s outside legal counsel requesting that DOMA’s director nominees complete the Company’s director\nand officer questionnaire.\n\n·On March 26, 2026, Mr. Escudero communicated via email to two members\nof the Board, including the Board Chair.\n\n12\n\n·On April 1, 2026, DOMA’s outside legal counsel submitted completed\ndirector and officer questionnaires to the Company’s outside legal counsel for each of the DOMA Nominees.\n\n·On April 2, 2026, Mr. Lee and Ms. Brege interviewed Mr. Curtis and\nDr. Dennis. DOMA remains committed to full cooperation with the Company’s nomination process.\n\n·On April 17, 2026, the Company filed a preliminary proxy statement\nwith the SEC.\n\n·On April 20, 2026, DOMA’s outside legal counsel sent the Company\na demand to inspect stockholder list materials pursuant to Section 220 of the Delaware General Corporation Law (the “DGCL\n220 Demand”).\n\n·On April 23, 2026, the Company’s outside legal counsel responded\nto the DGCL 220 Demand on behalf of the Company and also provided DOMA’s counsel with a draft confidentiality agreement to\nfacilitate the inspection of the stockholder list materials requested in the DGCL 220 Demand.\n\n·On April 28, 2026, the Company filed a definitive proxy statement\nwith the SEC and issued a press release.\n\n·On April 29, 2026, DOMA filed a preliminary proxy statement with the\nSEC.\n\n·\nOn May 5, 2026, the Company issued a letter to its shareholders via\na press release which was also filed with the SEC on form DEFA14A.\n\n·\nOn May 8, 2026, DOMA filed a revised preliminary proxy statement\nwith the SEC.\n\n·On May 12, 2026, DOMA filed this definitive proxy statement with the SEC.\n\n13\n\n**REASONS FOR THE SOLICITATION**\n\nWe are soliciting your support to\nselect the DOMA Nominees at the 2026 Annual Meeting because we believe that change on the Pacira Board is clearly and urgently\nrequired. The Company’s current strategy is fundamentally broken because it materially understates the risk of destroying\nthe firm’s intrinsic value. DOMA’s Nominees will challenge this misguided direction and champion a strategic reset\ndesigned to mitigate risk and return meaningful value to Stockholders.\n\nAt the same time, we believe the Company’s\nrecent efforts to “refresh” and reshape the Board are an implicit admission that something is wrong. After years of\nsustained underperformance, the Company has moved to add and rotate directors only after facing real stockholder pressure, yet\nstill refuses to acknowledge the full scope of the problem or to pursue the most direct, value-maximizing solution. By maintaining\na staggered Board and stripping away the right to call special meetings, the Company is obstructing shareholder oversight and dodging\naccountability.\n\nIn our view, this is a pattern of\nhalf measures: the Company wants credit for “revamping” the Board, but it stops short of the decisive accountability\nStockholders deserve—namely, a serious, independent review of strategic alternatives, including a sale of the Company. The\nCompany’s incremental changes appear to be designed to relieve pressure without making the hard decisions necessary to protect\nand maximize Stockholder value.\n\nWe are also concerned that the Company\ncontinues to renominate incumbent directors notwithstanding questions about whether they have demonstrated the level of engagement\nand accountability Stockholders should expect. For example, we believe Governor Christopher Christie, who is frequently on national\nTV commenting about politics, can be a political liability to the company. Mr. Christie has not shown the commitment of time and\nattention that is required in a period of heightened risk and strategic urgency and appears to have underestimated the legal risk\nthe company is facing despite being the only Board member with a legal background. We are likewise not persuaded by the Company’s\nefforts to explain away director’s absences or limited participation at this crucial inflection point in the Company’s\nhistory.\n\nThe Company boasts that in 2025, “EXPAREL\ncontinued its positive momentum with year-over-year volume growth.”2 The Company’s highly touted “5x30 Plan”\nis premised on the flawed assumption that the new generic threat will not be successful. The Company has already settled a patent case\nthat will cost the Company a substantial percentage of future annual revenue from EXPAREL beginning in 2030, given that, beginning in\n2030, Fresenius will be allowed to manufacture and sell certain volume limited amounts of generic bupivacaine liposome injectable suspension\nin the United States, which, pursuant to the settlement agreement, can increase to over 30% in 2033.3a This product alone accounts for nearly 80% of the\nCompany’s revenue. We believe the Company has not been sufficiently transparent with shareholders regarding the practical implications\nof the expiration of certain patents on market entry and generic competition. While the Company's 10-K discloses the expiration of key\npatents,3b their proxy statement discusses their patent estate but does not disclose the expiration of key patents and how such expirations negatively\nimpact their patent estate. The presence of prior art means that there could be a path for generics to enter the market. This leaves Pacira\nreliant on only two families of manufacturing patents. If there is another win by one of the two generic companies in litigation with\nthe Company, the 5x30 plan will be entirely insufficient to rescue the Company.4 The entire value of the company is at risk\nas another similar settlement could cost the company the majority of its revenue. This Board is willing to put shareholders at risk of\nlosing everything. Our goal is to stop that. The 5x30 plan falls short because instead of trying to diversify cash flows quickly, the\nboard supported a plan of developing new drugs, which could take many years for any of these potential drugs to create any cash flow.\nThis means that if the Company loses another patent lawsuit, there would not be any money left to push any of these drugs in the pipeline\nthrough clinical trials. Moreover, the deals recently finalized by management have yet to demonstrate positive performance. The recent\nJ&J deal for ZILRETTA has yielded disappointing results, as the brand experienced a decline in sales volume despite premium pricing\nthat a patented drug typically commands.5 There is also the possibility that a couple of years from now the Company will lose\nthe patent case with generics shortly followed by the expirations of the patents of ZILRETTA. Simply put, the Company could be near a\nlife or death situation in couple of years and we feel this Board is failing on its duty of care. In our opinion, it appears that gross\nnegligence is already happening. In our view, the Company materially understates the significant risks posed by the introduction of new\ngeneric versions of EXPAREL and the resulting\n\n2 See the Company’s definitive proxy\nstatement filed on April 28 2026, Cover Page, From the Chair of the Board.\n\n3aSee Press Release dated April 7,\n2025 - Pacira BioSciences Announces Settlement of U.S. Patent Litigation for EXPAREL (“While the agreed-upon volume-limited\npercentages are confidential, they begin at a high-single-digit percentage of the total volumes distributed in the U.S. market\nand increase gradually in each 12-month period following the volume-limited entry date until reaching a percentage in the low thirties\nin 2033 and increasing modestly in each of the next two 12-month periods before reaching a maximum percentage in the high thirties\nof the total volumes distributed in the U.S. for the final three years of the agreement.”).\n\n3bSee \"Risks Related to Intellectual Property\"\nin the Company's 10-K filed on February 26, 2026.\n\n4 See the Company’s 10-K filed on\nFebruary 26, 2026, Note 20 to Notes to Consolidated Financial Statements, Paragraph IV Certification Notices.\n\n5 See the Company’s 10-K filed on\nFebruary 26, 2026, Item 7 Management’s Discussion and Analysis of Financial Condition and Results of Operations, Net Product\nSales.\n\n14\n\npatent disputes (the “EXPAREL Patent Litigation”),\nthereby misleading investors as to the durability of EXPAREL’s revenue stream. The Company characterizes its recent litigation\nsettlement as “favorable,” yet we find it difficult to reconcile that description with a settlement that will result\nin the future loss of a substantial percentage of revenues.5 Moreover, while management touts the listing of 21 Orange\nBook patents as a “significant evolution” we still believe that this Board has not done anything to prevent the worst\ncase scenario, the Company’s own Form 10-K discloses two ongoing patent infringement actions against generic manufacturers,\neach of whom contends that these Orange Book–listed patents are invalid and unenforceable.6 As such, EXPAREL Patent\nLitigation appears to be a persistent and unresolved overhang that could materially impair the Company.\n\nTaken together, these risks underscore\njust how precarious the Company’s reliance on EXPAREL truly is. The Company has failed to diversify its portfolio as it chose\nto develop new potential drugs, speculating, instead of going for certainty of outcomes and cash flow, and the reality is that\nEXPAREL remains its core asset and primary driver of enterprise value. Indeed, it would likely take many years for any innovation\nor new product line to meaningfully offset this dependence. As a result, Pacira rests on a fragile foundation created by management’s\noverreliance on EXPAREL and delayed diversification, a house of cards causing collapse in the next few years, where adverse litigation\noutcomes or accelerated generic entry could rapidly erode value, potentially well before 2030.\n\nCompounding the issue, the Board continues\nto add individuals with clinical backgrounds, but who lack essential risk management experience and a proven track record of driving\nprofitability. The CEO was hired despite his previous leadership of an unprofitable enterprise that failed to deliver any shareholder\nvalue for its public shareholders.7 This Board transitioned compensation from stock options to RSUs in 2024, guaranteeing\nthe CEO tens of millions of dollars in annual pay—a figure that, during his tenure, exceeds the total net income generated\nfor all shareholders combined. By linking compensation to revenue targets, the Board has incentivized aggressive spending at the\nexpense of what matters to shareholders growth of earnings per share, free cash flow and return on equity. This is evidenced by\na 91% surge in R&D and SG&A expenses alongside a 36% rise in stock-based compensation over the last five years—all\nwhile net income plummeted by 83%, effectively evaporating over the last three years.8 Management’s multi-million-dollar\npayouts stand in stark contrast to the experience of shareholders, who have been taken to the cleaners. The stock price tells the\nstory: years of persistent underperformance and a complete lack of value creation.\n\nBased on what we believe to be a reasonable\nassessment of the risks involved, the Company must urgently evaluate strategic alternatives for EXPAREL, including a potential\nstrategic exit. The failure to meaningfully consider this option reflects a breakdown in strategy and Board-Oversight with respect\nto the Company’s most critical asset. Our DOMA Nominees will advocate for a value-maximizing strategic alternative, including\na strategic exit, designed to deliver tangible and imminent returns to fellow shareholders.\n\n**Given these facts and circumstances,\nwe believe that Pacira will continue its current value-destroying behavior unless representatives of the stockholders are seated\non the Board.** **We Stockholders must act together to prevent further value destruction.**\n\nWe believe that our three Nominees\nare immensely qualified, have the relevant expertise and commitment to stockholder value to realign Pacira’s litigation strategy,\ncompensation decisions and overall strategy – which must focus on decision-making that is in the best interests of the Company’s\nstockholders. We are confident that we have assembled a strong group of DOMA Nominees with extensive experience in healthcare,\nfinance, legal, regulatory\n\n5 See “Pacira BioSciences Reaffirms\nCommitment to Shareholder Value Creation” Press Release on March 12, 2026\n\n6 See the Company’s 10-K filed on\nFebruary 26, 2026, Note 20 to Notes to Consolidated Financial Statements, Paragraph IV Certification Notices.\n\n7 According to Bloomberg Database;\nUnder Frank D. Lee’s tenure at Forma Therapeutics, the Company went public in 2020 at $20 a share. The stock price declined\n34%, until the announcement of an acquisition by Novo Nordisk in September of 2022, to acquire the Company at $20 a share, leaving\nshareholders with no return.\n\n8 See the Company’s 10-K filed on\nFebruary 26, 2026, Item 7 Management’s Discussion and Analysis of Financial Condition and Results of Operations.\n\n15\n\nmatters, leadership, operations, strategy and corporate\ngovernance. This expertise would help to realign the Company’s decision-making with the best interests of the Stockholders\nand help realize the full potential of EXPAREL.\n\nThe DOMA Nominees would also bring\nfresh, independent perspectives and rigorous scrutiny to the Board’s actions and decision-making over the past several years,\nensuring the right questions are asked and that proper controls are in place. Critically, our Nominees will pursue every option\nto serve the best interests of the Company and its stockholders, including a fundamental reassessment of the Company’s strategic\ndirection and investigation into prior Board actions and decision-making. That reassessment will encompass a potential sale of\nthe Company, which would provide stockholders with a certain pathway to value realization, rather than leaving them hostage to\nbinary litigation outcomes and the implications of an unpredictable appellate timeline. The DOMA Nominees are committed to rescuing\nthe Company from the perilous position in which the current Board has placed it and to ensuring that stockholder interests are\nfinally put first.\n\n**WE STRONGLY RECOMMEND THAT YOU\nVOTE “FOR” THE ELECTION OF EACH OF THE DOMA NOMINEES.**\n\n16\n\n**PROPOSAL\nONE**\n\n** **\n\n**ELECTION\nOF DIRECTORS**\n\n** **\n\nThe Company has a classified Board, divided\ninto three (3) classes, and each class has a three-year term. The directors in each class are elected for staggered terms such\nthat the term of office of one (1) class of directors expires at each annual meeting of Stockholders. Based on the Company’s\n2026 Preliminary Proxy Statement filed with the SEC on April 17, 2026, the terms of four (4) Class III directors, Abraham Ceesay,\nChristopher Christie and Mark Kronenfeld, and Samit Hirawat, are set to expire at the 2026 Annual Meeting and the Company has nominated\nthree (3) Class III directors, Christopher Christie, Samit Hirawat, and Thomas Wiggans to stand for election at the 2026 Annual\nMeeting. The current authorized number of directors is ten (10). The Company has disclosed that effective as of immediately following the 2026 Annual Meeting, both the size of the board and the authorized\nnumber of directors will be reduced from ten (10) to nine (9).\n\nWe are seeking your support at the 2026\nAnnual Meeting to elect each of the DOMA Nominees, Eric de Armas, Christopher Dennis and Oliver Benton “Ben” Curtis\nIII, for terms ending at the 2029 annual meeting. Assuming one or more of the DOMA Nominees receives sufficient votes to be elected\nto the Board, your vote to elect such DOMA Nominees will have the legal effect of replacing an equivalent number (up to three)\nof the Class III directors nominated by the Company. If elected, the DOMA Nominees will represent a minority of the members of\nthe Board and therefore may be unable to implement any actions that may be necessary to enhance stockholder value. However, we\nbelieve that the election of the DOMA Nominees is an important step in the right direction for enhancing long-term value at the\nCompany. You should refer to the Company’s proxy statement for the names, background, qualifications and other information\nconcerning the Company’s nominees.\n\nThis Proxy Statement is soliciting proxies\nto elect the three DOMA Nominees. We have provided the required notice to the Company pursuant to the universal proxy rules, including\nRule 14a-19(a)(1) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and we intend to solicit\nthe holders of Common Stock representing at least 67% of the voting power of Common Stock entitled to vote on the election of directors\nin support of director nominees other than the Company’s nominees.\n\n**THE DOMA NOMINEES**\n\n** **\n\nThe following description sets forth the\nname, age, present principal occupation, and employment and material occupations, positions, offices or employments for the past\nfive (5) years of each of the DOMA Nominees. This information has been furnished to us by the DOMA Nominees. The nomination was\nmade in a timely manner and in compliance with the applicable provisions of the Company’s governing instruments. The specific\nexperience, qualifications, attributes and skills that led us to conclude that the DOMA Nominees should serve as directors of the\nCompany are also set forth below.\n\n**Eric de Armas, age 44.**\n\nMr. De Armas brings deep financial experience and a rigorous\nskill set that makes him well-qualified to serve on the Board, including:\n\n•An extensive background\nin financial management, fund operations, and compliance oversight;\n\n•Proven leadership in investment strategy, capital allocation\nand risk management oversight; and\n\n•Serving as CFO, CCO, and COO of DOMA, acting closely to DOMA’s\ninvestment in the Company and bringing a highly informed perspective with strong alignment\nto Stockholder interests.\n\nMr. De Armas’s career highlights and qualifications\ninclude:\n\n•**DOMA Perpetual\nCapital Management LLC**, an asset management firm: Chief Financial Officer, Chief\nCompliance Officer and Chief Operating Officer (2022-Present)\n\n•**DPM Capital LLC,**an investment management firm: Chief Operating Officer, Chief Financial Officer,\nand Chief Compliance Officer (October 2020-February 2022)\n\n•**Confisio LLC**,\na financial consulting firm providing outsourced CFO services to financial offices and\nalternative fund managers: Founder (July 2020-October 2020)\n\n17\n\n•**Drake Enterprises\nAG**, an investment holding company: Chief Financial Officer (2016—July 2020)\n\n•**Dimension Capital\nManagement LLC**, an independent wealth management firm: Director of Fund Operations\nand Systems Implementation (2012-2016)\n\n•**Kaufman Rossin\nFund Services,**a financial services firm and former subsidiary of Kaufman Rossin\n& Co: Fund Accounting Manager (2004-2012)\n\n•**Cuban-American\nNational Council,**a nonprofit organization: Accounts Payable and Systems Manager\n(2003-2004)\n\nMr. de Armas received a B.S. in Economics\nfrom the University of Virginia.\n\n**Christopher Dennis, age 56.**\n\nMr. Dennis offers decades of physician-executive leadership\nacross the healthcare industry that equip him to serve on the Board, including:\n\n•A track record leading\nand governing healthcare companies which are also owned by large strategic buyers;\n\n•Acting in senior\nexecutive and advisory roles in behavioral health and digital health;\n\n•A deep background\nin healthcare advising, regulatory strategy, and product positioning; and\n\n•Proven leadership\nin medical policy and operations that would bring critical medical and strategic perspectives\nto the Board’s oversight of the Company’s operations and growth strategy.\n\nMr. Dennis’s career highlights and qualifications include:\n\n•**Neomente,**an\nArgentina-based health-tech startup that focuses on precision psychiatry to revolutionize\nthe diagnosis and treatment of mental health disorders**:**Senior Advisor and Acting\nChief Medical and Strategy Officer (U.S.) (December 2025-Present)\n\n•**Pinnacle Treatment\nCenters**, a private equity-backed provider of substance-use disorder and behavioral\nhealth services: Senior Medical Advisor (September 2025-Present), Chief Medical Officer\n(August 2024-September 2025)\n\n•**Teladoc Health:**President of affiliate multi-state medical group practices (November 2023-Present)\n\n•**Minded, Inc.**,\na digital psychiatry platform: Founder (November 2019-November 2023)\n\n•**Landmark Health,\nLLC**: Chief Behavioral Health Officer and President of multi-state medical group practices\n(August 2014-October 2024)\n\n•**ValueOptions:**Chief Medical Officer, Commercial Division, and Senior Vice President, Regional Medical\nDirector (July 2004-August 2014)\n\n•**Christopher Dennis,\nPLLC / PA**: Founder and Principal (August 2005-Present)\n\nMr. Dennis received a B.S. in Biology\nfrom Boston College, an M.D. from St. George’s University School of Medicine, and an M.B.A. from Zicklin School of Business,\nBaruch College, CUNY.\n\n**Oliver Benton “Ben” Curtis III, age 51.**\n\nMr. Curtis has seasoned legal and regulatory experience that\nequips him with the keen ability to assess and manage risks and positions him well to serve on the Board, including:\n\n•An extensive background\nin health-care related litigation, corporate investigations and crisis management; and\n\n•Demonstrated leadership\nin complex legal proceedings, bringing critical legal expertise and a strong command\nof regulatory and compliance matters to the Board’s oversight of the Company.\n\nMr. Curtis’s career highlights and qualifications include:\n\n•**McDermott Will\n& Schulte**: Partner (April 2019-Present)\n\n•**Nelson Mullins\nRiley & Scarborough:**Partner (January 2018-March 2019), Counsel (September 2015-December\n2017)\n\n18\n\n•**United States\nDepartment of Justice:**Assistant Chief in the Criminal Fraud Section (January 2011-December\n2011, August 2012-July 2015), Trial Attorney in the Criminal Fraud Section (April 2010-December\n2010)\n\n•**Epstein Becker\n& Green:**Member (January 2012-August 2012)\n\n•**United States\nAttorney’s Office, Southern District of California:**Assistant United States\nAttorney (June 2006-March 2010)\n\n•**Civil Rights Division\nof the Department of Justice:**Special Assistant to the Assistant Attorney General\n(March 2005-May 2006)\n\nMr. Curtis received a B.A. from Spring\nHill College and a J.D. from Cumberland School of Law, Samford University.\n\nWe note that Mr. Curtis’s law firm,\nMcDermott Will & Schulte, provided legal services to Pacira in the last fiscal year and the firm was paid by Pacira for such\nservices. Mr. Curtis, himself, did not directly provide legal services to Pacira.\n\nOther than as stated herein, there are\nno arrangements or understandings among the DOMA Parties or any other person or persons pursuant to which the nomination of the\nDOMA Nominees described herein is to be made, other than the consent by each of the DOMA Nominees to be named as a nominee of DOMA\nin any proxy statement relating to the 2026 Annual Meeting and serving as a director of the Company if elected as such at the 2026\nAnnual Meeting.\n\n**Interests in the Solicitation**\n\n** **\n\nThe DOMA Nominees may be deemed to have\nan interest in their nominations for election to the Board by virtue of the compensation that the DOMA Nominees will receive from\nthe Company as a director, if elected to the Board, and as described below. We expect that the DOMA Nominees, if elected, will\nbe indemnified for their service as directors of the Company to the same extent indemnification is provided to the current directors\nof the Company under the Company’s Third Amended and Restated Bylaws (the “Bylaws”) and the Company’s Amended\nand Restated Certificate of Incorporation (the “Charter”) and be covered by the policy of insurance which insures the\nCompany’s directors and officers.\n\nMr. de Armas is an employee of DOMA, holding\nthe positions of Chief Financial Officer, Chief Compliance Officer and Chief Operating Officer. DOMA serves as the investment manager\nof DOMA LO Master, the Stockholder of record. Mr. de Armas’s compensation is not specifically tied to the performance of\nthe investment in the Company, but aspects of his compensation are tied to the performance of the entire fund. In addition, there\nare no oral or written agreements, arrangements or understandings between Mr. De Armas and DOMA or any of its affiliates with respect\nto Mr. de Armas’s nomination. The approximate dollar value involved in Mr. de Armas’s employment for 2025 was $312,500;\nfor 2024, was $435,316; for 2023, was $488,610; and for 2022, was $419,516. The approximate dollar value involved in Mr. de Armas’s\nemployment for 2026 has not yet been determined. This arrangement is terminable at will for any reason or no reason by either party\nat any time.\n\n**Arrangements between DOMA and the DOMA Nominees**\n\n** **\n\nDOMA has entered into letter agreements\nwith each of Messrs. Dennis and Curtis (the “Nomination Agreements”), pursuant to which the DOMA has agreed to indemnify\nsuch Nominees against claims arising from the solicitation of proxies from the Company’s Stockholders in connection with\nthe 2026 Annual Meeting and any related transactions. For the avoidance of doubt, such indemnification does not apply to any claims\nmade against such Nominee in his or her capacity as director of the Company, if so elected. Pursuant to the Nomination Agreements,\neach of Messrs. Dennis and Curtis, agreed, among other things, to coordinate with DOMA with respect to any public disclosure regarding\nthe nomination, devote the time and energy reasonably necessary to participate in a solicitation by DOMA and its affiliates relating\nto such nomination, and not to withdraw from their nomination prior to the 2026 Annual Meeting, consent to being nominated to the\nBoard other than by DOMA, or serve as a director of the Company without the approval of DOMA.\n\n19\n\nEach of the DOMA Nominees has also executed\na written consent to serve as a director if elected.\n\nEach of the DOMA Nominees has also granted\nPedro Escudero powers of attorney to execute certain SEC filings and other documents in connection with the solicitation of proxies\nfrom the Company’s Stockholders in connection with the 2026 Annual Meeting and any related transactions.\n\nOn the date of the nomination notice,\nthe Participants entered into a group agreement (the “Group Agreement”) pursuant to which, among other things, (i)\nthe parties agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of\nthe Company to the extent required by applicable law, (ii) the parties agreed to solicit proxies for the election of certain persons\nnominated for election to the Board at the 2026 Annual Meeting, and (iii) DOMA LO Master and its affiliates agreed to bear all\npre-approved expenses incurred in connection with the group’s activities.\n\nIf elected to the Board, the DOMA Nominees\nwill not receive any compensation from the DOMA Parties to serve as a director. They will, however, receive whatever compensation\nthe Board has established for non-employee directors of the Company unless and until the Board determines to change such compensation.\n\n**Compensation of the Company’s Directors**\n\n** **\n\nAs disclosed in the Company’s proxy\nstatement, non-employee directors of the Company were compensated for the fiscal year ended December 31, 2025 as follows: Non-employee\ndirectors receive an annual cash retainer of $50,000, with additional retainers for committee service and Board leadership positions.\nAdditional annual cash retainers include:\n\n•A $50,000 annual\ncash retainer for service as Board Chair;\n\n•A $35,000 annual\ncash retainer for service as Lead Director;\n\n•A $30,000 annual\ncash retainer for service as Chair of the Audit Committee;\n\n•A $15,000 annual\ncash retainer for each member of the Audit Committee who does not already serve as Chair\nof the Audit Committee;\n\n•A $24,000 annual\ncash retainer for service as Chair of the People & Compensation Committee;\n\n•A $12,000 annual\ncash retainer for each member of the People & Compensation Committee who does not\nserve as Chair of the People & Compensation Committee;\n\n•A $18,000 annual\ncash retainer for service as Chair of the Nominating, Governance and Sustainability Committee;\n\n•A $9,000 annual cash\nretainer for each member of the Nominating, Governance and Sustainability Committee who\ndoes not serve as Chair of the Nominating, Governance and Sustainability Committee;\n\n•A $18,000 annual\ncash retainer for service as Chair of the Science and Technology Committee; and\n\n•A $9,000 annual cash\nretainer for each member of the Science and Technology Committee who does not serve as\nChair of the Science and Technology Committee.\n\n20\n\nCash retainers are paid in advance in\nquarterly installments, subject to the director’s continued services on the Board. The cash retainers are prorated if necessary.\nNon-employee directors are also reimbursed for reasonable travel and other expenses in connection with attending Board and committee\nmeetings.\n\nIn addition, the below summarizes the\nCompany’s equity compensation program for non-employee directors:\n\n•Each new non-employee\ndirector automatically receives an initial equity award with a fair value of $450,000\nupon the date each such person is elected or appointed to the Board with one-third vesting after one year of service and the remaining two-thirds vesting on a monthly basis over the final 24 months, subject to the director’s continued service on the Board;\nand\n\n•On the date of each\nannual meeting of the Stockholders, each non-employee director automatically receives\nan annual stock award with a target fair value of $300,000, split equally between stock\noptions and restricted stock units, that vests one year from the grant date, subject\nto the director’s continued service with the Company.\n\nThe DOMA Parties expect that the DOMA\nNominees, if elected, may receive director compensation in the same amount as all other non-employee directors of the Company.\n\nThe DOMA Parties believe that the Company\nmaintains, at its expense, a policy of insurance which insures its directors and officers.\n\nThe Charter and Bylaws also contain provisions\nthat, among other matters, provide for the indemnification of officers and directors to the fullest extent permitted by Delaware\nGeneral Corporation law. The DOMA Parties expect that each of the DOMA Nominees, if elected, will be indemnified in connection\nwith his service as a director of the Company to the same extent as the current directors of the Company under the Bylaws and will\nbe covered by the policy of liability insurance which insures the Company’s directors and officers.\n\nThe share ownership level of each current\nnon-employee director is set forth in the Company’s proxy statement for the 2026 Annual Meeting.\n\n**Other Information Concerning the DOMA Nominees**\n\n** **\n\nNone of the DOMA Nominees nor any of their\nrespective associates has received any cash compensation, cash bonuses, deferred compensation, compensation pursuant to plans,\nor other compensation, from, or in respect of, services rendered on behalf of the Company that is required to be disclosed under,\nor is subject to any arrangement described in Item 402 of Regulation S-K promulgated under the Exchange Act (“Regulation\nS-K”).\n\nNone of the DOMA Nominees has any position\nor office with the Company, and no occupation or employment in which the DOMA Nominees have been involved, during the past five\nyears, was carried on with the Company or any company or organization that is a parent, subsidiary or other affiliate of the Company,\nand none of the DOMA Nominees has ever served on the Board.\n\nThe DOMA Parties believe that each of\nthe DOMA Nominees, if elected as a director of the Company, would be an “independent director” within the meaning of\napplicable Nasdaq listing standards applicable to Board composition, including Rule 5605(a)(2), and Section 301 of the Sarbanes-Oxley\nAct of 2002. Notwithstanding the foregoing, the DOMA Parties acknowledge that no director of a Nasdaq listed company qualifies\nas “independent” under the Nasdaq listing standards unless the board of directors of such company affirmatively determines\nthat such director is independent under such standards. Accordingly, the DOMA Parties acknowledge that if any DOMA Nominee is elected,\nthe determination of such DOMA Nominee’s independence under the Nasdaq listing standards ultimately rests with the judgment\nand discretion of the Board. If elected, we believe that each DOMA Nominee would qualify as an independent member of the Company’s\nAudit Committee, People & Compensation Committee, Nominating, Governance and Sustainability Committee, and Science and Technology\nCommittee under each such\n\n21\n\ncommittee’s applicable independence standards. In addition,\neach DOMA Nominee understands that, if elected as a director of the Company, such DOMA Nominee would have an obligation to act\nin the best interests of the Company and the Stockholders in accordance with his duties as a director.\n\nNo DOMA Nominee has a family relationship\nwith any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer, and,\nwith respect to each of the DOMA Nominees, none of the events enumerated in Item 401(f)(1)-(8) of Regulation S-K occurred during\nthe past ten years.\n\nThe information herein regarding each\nDOMA Nominee has been furnished to us by such DOMA Nominee.\n\nWe do not expect that any of the DOMA\nNominees will be unable to stand for election, but, in the event that any DOMA Nominee is unable to serve or for good cause will\nnot serve, the shares of Common Stock represented by the enclosed **WHITE** universal proxy card will be voted for substitute\nnominee(s), to the extent this is not prohibited under the Bylaws and applicable law. In addition, we reserve the right to nominate\nsubstitute person(s) if the Company makes or announces any changes to the Bylaws or takes or announces any other action that has,\nor if consummated would have, the effect of disqualifying a DOMA Nominee, to the extent this is not prohibited under the Bylaws\nand applicable law. In any such case, we would identify and properly nominate such substitute nominee(s) in accordance with the\nBylaws and the shares of Common Stock represented by the enclosed **WHITE** universal proxy card will be voted for such substitute\nnominee(s). We reserve the right to nominate additional person(s), to the extent this is not prohibited under the Bylaws and applicable\nlaw, if the Company increases the size of the Board above its existing size or increases the number of directors whose terms expire\nat the 2026 Annual Meeting.\n\nThe DOMA Parties and Pacira will each\nbe using a universal proxy card for voting on the election of directors at the 2026 Annual Meeting, which will include the names\nof all nominees for election to the Board. Each of the DOMA Nominees has consented to being named as a nominee for election as\na director of the Company in any proxy statement relating to the 2026 Annual Meeting. Stockholders will have the ability to vote\nfor up to three nominees on the DOMA Parties’ enclosed **WHITE** universal proxy card. There is no need to use the Company’s\nblue universal proxy card or voting instruction form, regardless of how you wish to vote.\n\nAccording to the Bylaws, in uncontested\nelections, directors are elected by the vote of a majority of the votes cast by the Stockholders entitled to vote on the election.\nIn contested elections, directors are elected by vote of a plurality of the votes of the shares present at the 2026 Annual Meeting\nor represented by proxy and entitled to vote generally on the election of directors. The three nominees (whether the DOMA Nominees\nor the Company nominees, or a mix thereof) receiving the highest number of affirmative votes will be elected.\n\nSTOCKHOLDERS ARE PERMITTED TO VOTE FOR\nLESS THAN THREE NOMINEES OR FOR ANY COMBINATION OF UP TO THREE OF THE DOMA NOMINEES AND THE COMPANY’S NOMINEES ON THE **WHITE**\nUNIVERSAL PROXY CARD. IMPORTANTLY, IF YOU MARK MORE THAN THREE “FOR” BOXES WITH RESPECT TO THE ELECTION OF DIRECTORS,\nALL OF YOUR VOTES WITH RESPECT TO THE ELECTION OF DIRECTORS WILL BE INVALID AND WILL NOT BE COUNTED. **WE STRONGLY URGE YOU TO\nVOTE “FOR” THE ELECTION OF THE DOMA NOMINEES ON THE ENCLOSED WHITE UNIVERSAL PROXY CARD.**\n\n22\n\n**PROPOSAL\nTWO**\n\n** **\n\n**RATIFICATION\nOF THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS**\n\n** **\n\nAs discussed in further detail in the\nCompany’s proxy statement, the Audit Committee of the Board has retained KPMG LLP as the Company’s independent registered\npublic accounting firm for the fiscal year ending December 31, 2026, and the Board is requesting that Stockholders ratify such\nselection. You should refer to the Company’s proxy statement for further information on this proposal.\n\nAccording to the Company’s proxy\nstatement, the Company expects at least one representative of KPMG LLP to be present at the 2026 Annual Meeting with an opportunity\nto make a statement if they desire to do so and to be available to respond to any questions.\n\nAccording to the Company’s proxy\nstatement, if the Stockholders fail to ratify the selection of KPMG LLP, the Audit Committee and the Board will reconsider whether\nor not to retain that firm. Even if the selection is ratified, the Audit Committee or the Board, in its discretion, may direct\nthe appointment of a different independent registered public accounting firm at any time it decides that such a change would be\nin the best interests of the Company and its Stockholders.\n\nAccording to the Company’s proxy\nstatement, the ratification of the appointment of KPMG LLP requires the affirmative vote of the holders of shares having a majority\nin voting power of the votes cast by the holders of all of the shares of stock present (in person or virtually) or represented\nby proxy at the 2026 Annual Meeting.\n\n**WE RECOMMEND A VOTE “FOR”\nTHE RATIFICATION OF KPMG LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER\n31, 2026 ON THE ENCLOSED WHITE UNIVERSAL PROXY CARD.**\n\n23\n\n**PROPOSAL THREE**\n\n**ADVISORY\nVOTE TO APPROVE EXECUTIVE COMPENSATION (“SAY ON PAY”)**\n\n** **\n\nAs discussed in further detail in the\nCompany’s proxy statement, the Company is asking Stockholders to approve or not approve, on an advisory basis, the compensation\nof the Company’s named executive officers described in the Compensation Discussion and Analysis, the accompanying tables\nand the related narrative disclosure contained in the Company’s proxy statement. This proposal, commonly known as a “say-on-pay”\nproposal, gives the Company’s Stockholders the opportunity to express their views on the compensation of the Company’s\nnamed executive officers. The vote is advisory and the outcome is not binding on the Board. You should refer to the Company’s\nproxy statement for further information on this proposal.\n\nThe Board is asking Stockholders to approve\nthe following resolution:\n\n“RESOLVED, that the stockholders\napprove, on an advisory basis, the compensation of the named executive officers of Pacira BioSciences, Inc., as disclosed pursuant\nto Item 402 of Regulation S-K, including the Compensation Discussion and Analysis, compensation tables, and related narrative discussion\nin the Company’s proxy statement.”\n\nAs disclosed in the Company’s proxy\nstatement, the Company expects that the next advisory vote on the compensation of its named executive officers will be held at\nthe next annual meeting of Stockholders following the 2026 Annual Meeting (the “2027 Annual Meeting”).\n\nAccording to the Company’s Bylaws,\napproval of this advisory proposal requires the affirmative vote of the holders of shares having a majority in voting power of\nthe votes cast by the holders of all of the shares of stock present (in person or virtually) or represented by proxy at the 2026\nAnnual Meeting.\n\nAs discussed in greater detail the “Reasons\nfor the Solicitation” section in this Proxy Statement, we believe the Company’s compensation practices have consistently\ntransferred value to insiders at the direct expense of stockholders, rewarding the Company’s executives and directors despite\nsustained underperformance. In our view, the Company’s misaligned compensation incentives prioritize insider enrichment over\nstockholder returns, and we believe this unsustainable practice will persist unless stockholders demand accountability and realign\nthe Board with investor interests. Accordingly, we intend to vote AGAINST this proposal and recommend that our fellow stockholders\ndo the same.\n\n**WE RECOMMEND A VOTE “AGAINST”\nTHE APPROVAL, ON AN ADVISORY BASIS, OF THE COMPENSATION OF THE COMPANY’S NAMED EXECUTIVE OFFICERS ON THE ENCLOSED WHITE UNIVERSAL\nPROXY CARD.**\n\n24\n\n**PROPOSAL\nFOUR**\n\n** **\n\n**APPROVAL\nOF THE AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN**\n\n** **\n\nAs discussed in further detail in the\nCompany’s proxy statement, the Board is asking Stockholders to approve an amendment and restatement of the Company’s\n2011 Stock Incentive Plan (the “A&R 2011 Plan”) to increase the number of shares of common stock authorized for\ngrant by 2,200,000 newly reserved shares, resulting in an aggregate share authorization of up to 24,454,537 shares. The Company\nstates that the share increase is intended to cover one year’s worth of shares needed to grant to employees to attract and\nretain talent. You should refer to the Company’s proxy statement for further information on this proposal.\n\nAccording to the Company’s proxy\nstatement, the approval of this proposal requires the affirmative vote of the holders of shares having a majority in voting power\nof the votes cast by the holders of all of the shares of stock present (in person or virtually) or represented by proxy at the\n2026 Annual Meeting.\n\nThe DOMA Parties recommend a vote “AGAINST”\nthe approval of the Amended and Restated 2011 Stock Incentive Plan. The Company’s three-year average annual burn rate of\n6.6% is concerning, and the Company’s outstanding equity overhang is elevated. The DOMA Parties believe that the Company\nhas been excessively dilutive to Stockholders through its equity compensation practices, including significant one-time awards\nto newly hired executives, while Stockholders have experienced substantial value destruction. The request for additional equity\nauthorization at this time, in the face of the Company’s prolonged underperformance, is inconsistent with sound capital stewardship\nand further compounds the dilution that has eroded Stockholder value.\n\n**WE\nRECOMMEND A VOTE “AGAINST” THE APPROVAL OF THE AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN ON THE ENCLOSED WHITE\nUNIVERSAL PROXY CARD.**\n\n25\n\n**PROPOSAL\nFIVE**\n\n** **\n\n**APPROVAL\nOF THE AMENDED AND RESTATED 2014 EMPLOYEE STOCK PURCHASE PLAN**\n\n** **\n\nAs discussed in further detail in the\nCompany’s proxy statement, the Board is asking Stockholders to approve an amendment and restatement of the Company’s\n2014 Employee Stock Purchase Plan (the “A&R 2014 ESPP”) to increase the number of shares of common stock authorized\nfor issuance by 800,000 newly reserved shares, resulting in an aggregate share authorization of up to 1,800,000 shares. The A&R\n2014 ESPP is an employee benefit program that enables qualified employees of the Company and its designated subsidiaries to purchase\nshares of common stock through payroll deductions. You should refer to the Company’s proxy statement for further information\non this proposal.\n\nAccording to the Company’s proxy\nstatement, the approval of this proposal requires the affirmative vote of the holders of shares having a majority in voting power\nof the votes cast by the holders of all of the shares of stock present (in person or virtually) or represented by proxy at the\n2026 Annual Meeting.\n\n**WE\nRECOMMEND A VOTE “AGAINST” the approval of the amended and restated 2014 employee stock purchase plan, and intend to\nvote our shares “AGAINST” this proposal.**\n\n26\n\n**NO APPRAISAL OR DISSENTER’S\nRIGHTS**\n\nStockholders will not have rights of appraisal\nor similar dissenter’s rights with respect to any matters identified in this Proxy Statement to be acted upon at the 2026\nAnnual Meeting.\n\n27\n\n**VOTING\nAND PROXY PROCEDURES**\n\n** **\n\nOnly Stockholders of record as of the\nclose of business on the Record Date will be entitled to receive notice of the 2026 Annual Meeting and to vote the shares of the\nCommon Stock that they held on that date at the 2026 Annual Meeting. Each share of Common Stock is entitled to one vote. Stockholders\nwho sell shares of Common Stock before the Record Date (or acquire them without voting rights after the Record Date) may not vote\nsuch shares of Common Stock. Stockholders of record on the Record Date will retain their voting rights in connection with the 2026\nAnnual Meeting even if they sell such shares of Common Stock after the Record Date. Based on the Company’s proxy statement,\nwe believe that the only outstanding class of securities of the Company entitled to vote at the 2026 Annual Meeting is the shares\nof Common Stock.\n\nShares of Common Stock represented by\nproperly executed **WHITE** universal proxy cards will be voted at the 2026 Annual Meeting as marked and, in the absence of\nspecific instructions, will be voted (1) “**FOR**” the election of the DOMA Nominees to the Board, (2) “**FOR**”\nthe ratification of KPMG LLP as the Company’s independent registered public accounting firm for the 2026 fiscal year; (3)\n“**AGAINST**” the approval of named executive officer compensation; (4) “**AGAINST**” the approval\nof the Amended and Restated 2011 Stock Incentive Plan; (5) “**AGAINST**” the approval of the Amended and Restated\n2014 Employee Stock Purchase Plan; and (6) in the proxy holder’s discretion as to other matters that are presented at the\n2026 Annual Meeting, that are unknown to the Participants a reasonable time before this solicitation.\n\nThe DOMA Parties and Pacira will each\nbe using a universal proxy card for voting on the election of directors at the 2026 Annual Meeting, which will include the names\nof all nominees for election to the Board. Stockholders will have the ability to vote for up to three nominees on the DOMA Parties’\nenclosed **WHITE** universal proxy card. **There is no need to use the Company’s blue universal proxy card or voting\ninstruction form, regardless of how you wish to vote.**\n\nThe Company has a classified Board, which\nis currently divided into three classes. The terms of three Class III directors expire at the 2026 Annual Meeting. Through the\nattached Proxy Statement and enclosed **WHITE** universal proxy card, we are soliciting proxies to elect the three DOMA Nominees.\n\nStockholders are permitted to vote for\nless than three nominees or for any combination (up to three total) of the DOMA Nominees and the Company’s nominees on the\n**WHITE** universal proxy card. We believe the best opportunity for all three of the DOMA Nominees to be elected is by voting\non the **WHITE** universal proxy card. The DOMA Parties therefore urge Stockholders using our **WHITE** universal proxy card\nto vote “**FOR**” all three of the DOMA Nominees.\n\n**IMPORTANTLY, IF YOU MARK MORE THAN\nTHREE “FOR” BOXES WITH RESPECT TO THE ELECTION OF DIRECTORS, ALL OF YOUR VOTES WITH RESPECT TO THE ELECTION OF DIRECTORS\nWILL BE INVALID AND WILL NOT BE COUNTED.**\n\n**Quorum; Abstentions and Broker Non-Votes; No Discretionary\nVoting**\n\n** **\n\nA quorum of Stockholders is necessary\nto hold a valid meeting. According to the Company’s Bylaws, a quorum will exist if Stockholders holding a majority in voting\npower of the shares of the Company’s capital stock issued and outstanding and entitled to vote at the 2026 Annual Meeting\nare present at the 2026 Annual Meeting in person, present by means of remote communication or by proxy. According to the Company’s\ndefinitive proxy statement filed on April 28, 2026, at the close of business on the Record Date, there were 39,334,983 shares of\nCommon Stock outstanding. Thus, a total of 39,334,983 shares are entitled to vote at the 2026 Annual Meeting and holders of Common\nStock representing at least 19,667,492 votes must be represented at the 2026 Annual Meeting or by proxy to have a quorum.\n\nYour shares will be counted towards\nthe quorum only if you submit a valid proxy (or if one is submitted on your behalf by your broker, bank or other agent) or if you\nvote at the 2026 Annual Meeting. According to the Company’s proxy statement, if a quorum is not present, the 2026 Annual\nMeeting may be adjourned until a quorum is obtained.\n\n28\n\nIf you are a beneficial owner, your broker\nwill vote your shares pursuant to your instructions. Based on information contained in the Company’s proxy statement, brokers\nwill not have discretionary authority to vote on the proposals at the 2026 Annual Meeting, except for *Proposal No. 2—Ratification\nof the Appointment of KPMG LLP as Independent Auditors*. A broker’s inability to vote with respect to matters for which\nthe broker has not received voting instructions from the beneficial owner is referred to as a “broker non-vote.” As\na result, if you hold your shares in street name and you do not instruct your broker, bank, trustee, or other nominee or custodian\nhow to vote your shares, no votes will be cast on your behalf on any of the proposals. To the extent broker non-votes arise where\na broker exercises discretionary authority with respect to *Proposal No. 2—Ratification of the Appointment of KPMG LLP\nas Independent Auditors*, such broker non-votes will be counted for purposes of calculating whether a quorum is present at the\nAnnual Meeting but will not be counted for purposes of determining the number of votes cast or present in person or represented\nby proxy at the Annual Meeting and entitled to vote with respect to *Proposal No. 1 — Election of Directors*, *Proposal\nNo. 3—Advisory Vote to Approve Executive Compensation (“Say on Pay*”), *Proposal No. 4—Approval of\nthe Amended and Restated 2011 Stock Incentive Plan*, or *Proposal No. 5—Approval of the Amended and Restated 2014 Employee\nStock Purchase Plan*.\n\nWe encourage you to vote promptly, even\nif you plan on attending the 2026 Annual Meeting.\n\n**Votes Required for Approval**\n\n** **\n\n**What vote is required to elect the\nDOMA Nominees?**\n\nAccording to the Bylaws, in a contested\nelection, directors shall be elected by the vote of a plurality of the votes cast at any meeting for the election of directors\nat which a quorum is present (meaning that, the three director nominees who receive\nthe highest number of shares voted “FOR” their election by the Stockholders will be elected to the Board). This means\nthat the three nominees receiving the greatest number of votes cast “FOR” their election will be elected. Any shares\nnot voted “FOR” a particular director nominee as a result of a “WITHHOLD” vote, failure to vote or a broker\nnon-vote (as described herein) will not be counted in that director nominee’s favor and will not otherwise affect the outcome\nof the election (except to the extent they otherwise reduce the number of shares voted “FOR” such director nominee).\n\nYou may vote “FOR” or “WITHHOLD”\nor you may abstain (with abstentions and broker non-votes not counted as a vote cast either “for” or “against”\nsuch director’s election) on this proposal. According to the Company’s proxy statement, abstentions and broker non-votes\nhave no effect and are not counted as a vote.\n\n**How many shares of Common Stock must\nbe voted in favor of the other proposals described in this Proxy Statement?**\n\nAccording to the Company’s proxy\nstatement, the approval of *Proposal No. 2—Ratification of the Appointment of KPMG LLP as Independent Auditors*, *Proposal\nNo. 3—Advisory Vote to Approve Executive Compensation (“Say on Pay”)*, *Proposal No. 4—Approval of\nthe Amended and Restated 2011 Stock Incentive Plan, and Proposal No. 5—Approval of the Amended and Restated 2014 Employee\nStock Purchase Plan*, will each require the affirmative vote of the holders of shares having a majority in voting power of the\nvotes cast by the holders of all of the shares of stock present (in person or virtually) or represented by proxy at the 2026 Annual\nMeeting and entitled to vote thereon. You may vote “FOR” or “AGAINST” or you may abstain on these proposals.\nAbstentions and broker non-votes will have no effect on the proposal.\n\nIf other matters are properly brought\nbefore the 2026 Annual Meeting, the vote required will be determined in accordance with applicable law, the listing standards and\nrules of Nasdaq, the Charter and the Bylaws, as applicable.\n\n29\n\n**What should I do in order to vote for the DOMA Nominees?**\n\n** **\n\nIf your shares of Common Stock are held\nof record in your own name, please authorize a proxy to vote by following the instructions set forth on the enclosed **WHITE**\nuniversal proxy card to vote via the Internet or by telephone or by marking, signing, dating and returning the enclosed **WHITE**\nuniversal proxy card by mail in the postage-paid envelope provided.\n\nIf you hold your shares of Common Stock\nin “street name” through a bank, brokerage firm, dealer, trust company or other institution or nominee, only they can\nexercise your right to vote with respect to your shares of Common Stock and only upon receipt of your specific instructions. Accordingly,\nit is critical that you promptly give instructions to your bank, brokerage firm, dealer, trust company or other institution or\nnominee to ensure that a **WHITE** voting instruction form is submitted on your behalf. Please follow the instructions set forth\non the enclosed **WHITE** voting instruction form. If your bank, brokerage firm, dealer, trust company or other nominee provides\nfor voting instructions to be delivered to them by Internet or telephone, instructions will be included on the enclosed **WHITE**\nvoting instruction form.\n\nYOUR VOTE IS VERY IMPORTANT. If you do\nnot plan to attend the 2026 Annual Meeting, we encourage you to read this Proxy Statement and follow the instructions set forth\non the enclosed **WHITE** universal proxy card to vote via the Internet or by telephone or mark, date, sign and return your\ncompleted **WHITE** universal proxy card prior to the 2026 Annual Meeting so that your shares of Common Stock will be represented\nand voted in accordance with your instructions. Even if you plan to attend the 2026 Annual Meeting, we recommend that you authorize\na proxy to vote your shares of Common Stock in advance as described above to ensure that your vote will be counted if you later\ndecide not to attend the 2026 Annual Meeting.\n\nIf you submit your validly executed **WHITE**\nuniversal proxy card without specifying how you would like your shares voted as to any proposal(s), your shares will be voted as\nspecified above on such proposal(s) and in accordance with the discretion of the persons named on the **WHITE** universal proxy\ncard with respect to any other matters that may be voted upon at the 2026 Annual Meeting.\n\n**Revocation of Proxies**\n\n** **\n\nStockholders may revoke their proxies\nat any time prior to their vote being taken at the 2026 Annual Meeting by submitting a new proxy with a later date before the applicable\ndeadline either signed and returned by mail or transmitted using the telephone or Internet voting by visiting the web site or dialing\nthe toll-free number indicated on the enclosed proxy card or voting instruction form, or by voting at the 2026 Annual Meeting,\neither in person or virtually (although attendance at the 2026 Annual Meeting will not in and of itself constitute revocation of\na proxy), or by filing a written notice of revocation. The revocation may be delivered either to DOMA in care of MacKenzie Partners,\nInc. (“Mackenzie”), at the address set forth on the back cover of this Proxy Statement or to the Company at 2000 Sierra\nPoint Parkway, Suite 900, Brisbane, California 94005, Attention: Corporate Secretary, or any other address provided by the Company.\nAlthough a revocation is effective if delivered to the Company, the DOMA Parties request that either the original or photostatic\ncopies of all revocations be mailed to DOMA in care of MacKenzie Partners, Inc., at the address set forth on the back cover of\nthis Proxy Statement so that we will be aware of all revocations and can more accurately determine if and when proxies have been\nreceived from the holders of record on the Record Date. Additionally, MacKenzie may use this information to contact Stockholders\nwho have revoked their proxies in order to solicit later dated proxies of the DOMA Nominees.\n\n**IF YOU WISH TO VOTE FOR THE DOMA NOMINEES,\nPLEASE FOLLOW THE INSTRUCTIONS SET FORTH ON THE ENCLOSED WHITE UNIVERSAL PROXY CARD TO VOTE VIA THE INTERNET OR BY TELEPHONE OR\nMARK, SIGN, DATE AND RETURN THE ENCLOSED WHITE UNIVERSAL PROXY CARD TODAY BY MAIL IN THE POSTAGE-PAID ENVELOPE PROVIDED.**\n\n30\n\n**SOLICITATION OF PROXIES**\n\n** **\n\nThe solicitation of proxies pursuant to\nthis Proxy Statement is being made by the Participants. Proxies may be solicited by mail, facsimile, telephone, Internet, in person\nand by advertisements. Solicitations may be made by certain of the respective directors, officers, members and employees of DOMA,\nnone of whom will, except as described elsewhere in this Proxy Statement, receive additional compensation for such solicitation.\nThe DOMA Nominees may make solicitations of proxies but, except as described herein, will not receive compensation for acting as\ndirector nominees.\n\nDOMA has retained MacKenzie to provide\nsolicitation and advisory services in connection with the 2026 Annual Meeting. Compensation terms of this engagement of the proxy\nsolicitor includes an amount up to $225,000 in the aggregate. MacKenzie is also entitled to reimbursement of reasonable expenses incurred in connection with its\ndelivery of services to the DOMA Parties in connection with the solicitation. DOMA agreed to indemnify MacKenzie against certain\nliabilities and expenses that it may incur in connection with delivery of services to DOMA in connection with the solicitation.\nAs of the date hereof, the cost of retaining MacKenzie has been $40,000 to date, and as set forth above, the total anticipated\ncost thereof is not yet determinable.\n\nDOMA has requested banks, brokerage houses\nand other custodians, nominees and fiduciaries to forward all solicitation materials to the beneficial owners of the shares of\nCommon Stock they hold of record. DOMA will reimburse these record holders for their reasonable out-of-pocket expenses in so doing.\nIt is anticipated that MacKenzie will employ approximately 25 persons to solicit Stockholders for the 2026 Annual Meeting.\n\nThe entire expense of soliciting proxies\nis being borne by the DOMA Parties. Costs of this solicitation of proxies are currently estimated to be approximately $875,000.\nDOMA estimates that through the date hereof, its expenses in connection with this solicitation are over $120,000. DOMA intends\nto seek reimbursement from the Company of all costs incurred by the DOMA Parties in connection with expenses the DOMA Parties incur\nin connection with the solicitation of proxies for the election of the DOMA Nominees to the Board at the 2026 Annual Meeting. The\nDOMA Parties do not intend to submit the question of such reimbursement to a vote of security holders of the Company.\n\n31\n\n**ADDITIONAL\nPARTICIPANT INFORMATION**\n\n** **\n\nAs described herein, the Participants\nin the proxy solicitation are comprised of the DOMA Parties, Mr. de Armas, Mr. Dennis and Mr. Curtis.\n\nThe principal business of DOMA is to provide\ninvestment advisory and management services and to serve as investment manager to DOMA LO Master and JTF. The principal business\nof DOMA1 is to serve as the managing member of DOMA. The principal business of DOMA2 is to serve as the managing member of DOMA\nGP. The principal business of DOMA GP is to serve as the general partner of DOMA LO Master. The principal business of DOMA LO Master\nis to invest in securities. JTF, via its wholly-owned investment holding company, Reliability LLC, invests in securities and engages\nin all related activities and transactions. The principal occupation of Mr. Escudero is to serve as the Chief Executive Officer\nand Chief Investment Officer of DOMA and the sole manager of DOMA1 and DOMA2. The principal occupation of Mr. de Armas is to serve\nas the Chief Financial Officer, Chief Compliance Officer and Chief Operating Officer of DOMA.\n\nDOMA, as the investment manager of DOMA\nLO Master and JTF, may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct\nthe disposition of) the Common Stock beneficially owned by DOMA LO Master and JTF and, therefore, DOMA may be deemed to be the\nbeneficial owner of all of the DOMA Shares beneficially owned by DOMA LO Master and JTF. Of the DOMA Shares, 10 shares of Common\nStock are held by DOMA LO Master in record name. The DOMA Shares collectively represent approximately 7.5% of the outstanding shares\nof Common Stock based on 39,334,983 shares of Common Stock outstanding, the number of shares of Common Stock outstanding as of\nthe record date for the 2026 Annual Meeting on April 22, 2026, as reported in the Company’s Definitive Proxy Statement filed on\nApril 28, 2026.\n\nBy virtue of Mr. Escudero’s position\nas the Chief Executive Officer and Chief Investment Officer of DOMA and the sole manager of DOMA1 and DOMA2, Mr. Escudero may be\ndeemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) all\nof the DOMA Shares and, therefore, Mr. Escudero may be deemed to be the beneficial owner of all of the DOMA Shares plus 159,000\nshares of Common Stock owned directly, for a total beneficial ownership of 2,936,794 shares (approximately 7.5% of the outstanding\nshares).\n\nMr. de Armas directly owns 1,389 shares\nof Common Stock.\n\nJTF is a discretionary investment management\nclient of DOMA. DOMA exercises discretionary investment and voting authority with respect to Common Stock beneficially owned by\nJTF. JTF is not making or sponsoring the director nominations disclosed herein.\n\nExcept as otherwise indicated in this\nProxy Statement, the securities of the Company directly or indirectly owned by each of the Participants were purchased with the\ncapital of the DOMA Parties.\n\nExcept as set forth in this Proxy Statement\n(including *Annex A* and the Schedules hereto), (i) during the past ten (10) years, no Participant has been convicted in a\ncriminal proceeding (excluding traffic violations or similar misdemeanors); (ii) no Participant directly or indirectly beneficially\nowns any securities of the Company; (iii) no Participant owns any securities of the Company which are owned of record but not beneficially;\n(iv) no Participant has purchased or sold any securities of the Company during the past two (2) years; (v) no part of the purchase\nprice or market value of the securities of the Company owned by any Participant is represented by funds borrowed or otherwise obtained\nfor the purpose of acquiring or holding such securities; (vi) no Participant is, or within the past year was, a party to any contract,\narrangements or understandings with any person with respect to any securities of the Company, including, but not limited to, joint\nventures, loan or option arrangements, puts or calls, guarantees against loss or guarantees of profit, division of losses or profits,\nor the giving or withholding of proxies; (vii) no associate of any Participant owns beneficially, directly or indirectly, any securities\nof the Company; (viii) no Participant owns beneficially, directly or indirectly, any securities of any parent or subsidiary of\nthe Company; (ix) no Participant or any of his, her or its associates was a party to any transaction, or series of similar transactions,\nsince the beginning of the Company’s last fiscal year, or is a party to any currently proposed transaction, or series of\nsimilar transactions, to which the Company or any of its subsidiaries was or is to be a party, in which the amount\n\n32\n\ninvolved exceeds $120,000; (x) no Participant or any of his,\nher or its associates has any arrangement or understanding with any person with respect to any future employment by the Company\nor its affiliates, or with respect to any future transactions to which the Company or any of its affiliates will or may be a party;\nand (xi) no Participant has a substantial interest, direct or indirect, by securities holdings or otherwise in any matter to be\nacted on at the 2026 Annual Meeting.\n\nThe principal business address of each\nof the Participants is set forth in *Annex A*, which is incorporated herein by reference.\n\n33\n\n**Legal Proceedings**\n\n** **\n\nTo the DOMA Parties’ knowledge,\nthere are no material legal proceedings to which any Participant, the DOMA Parties, the DOMA Nominees or any of their respective\nassociates are a party adverse to the Company or any of its subsidiaries, or any material legal proceedings in which any of the\nParticipants, the DOMA Parties, the DOMA Nominees or any of their respective associates have a material interest adverse to the\nCompany or any of its subsidiaries.\n\n34\n\n**STOCKHOLDER\nNOMINATIONS AND PROXY ACCESS**\n\nThe Company’s\nproxy statement provides that the Company must receive stockholder proposals in writing by December 29, 2026 to Pacira BioSciences,\nInc., Attention: Secretary, 2000 Sierra Point Parkway, Suite 900, Brisbane, California 94005, United States to consider them for\ninclusion in the Company’s proxy materials for the 2027 Annual Meeting. However, if the 2027 Annual Meeting is not held between\nMay 10, 2027 and July 9, 2027, then the deadline will be a reasonable time before the Company begins to print and send its proxy\nmaterials.\n\nThe Company’s\nproxy statement provides that, to be timely, director nominations or stockholder proposals submitted outside of the SEC proposal\nrules for consideration at the 2027 Annual Meeting must be received by the Corporate Secretary no later than the close of business\non March 11, 2027 and no earlier than the close of business on February 9, 2027. However, if the date of the Company’s 2027\nAnnual Meeting is not held between May 20, 2027 and August 8, 2027, then proper notice of director nominees or stockholder proposals\nmust be received as provided for in the Company Bylaws.\n\nIn addition, Stockholders\nwho intend to solicit proxies in support of director nominees other than the Company’s nominees must also comply with the\nadditional requirements of Rule 14a-19(b) of the Exchange Act.\n\nThe information set\nforth above regarding the procedures for submitting stockholder proposals for consideration at the 2027 Annual Meeting is based\non information contained in the Company’s proxy statement and the Bylaws. Stockholders should refer to the Company’s\nproxy statement and its other public filings in order to review this disclosure. The inclusion of this information in this Proxy\nStatement should not be construed as an admission by the DOMA Parties that such procedures are legal, valid or binding.\n\n35\n\n**OTHER\nMATTERS AND ADDITIONAL INFORMATION**\n\nWe are unaware of any other matters to be\nconsidered at the 2026 Annual Meeting. However, should other matters, which the DOMA Parties are not aware of a reasonable time\nbefore this solicitation, be brought before the 2026 Annual Meeting, the persons named as proxies on the enclosed **WHITE**universal\nproxy card will vote on such matters in their discretion.\n\nSome banks, brokers\nand other nominee record holders may be participating in the practice of “householding” proxy statements and annual\nreports. This means that only one copy of this Proxy Statement may have been sent to multiple Stockholders in your household. We\nwill promptly deliver a separate copy of the document to you if you contact our proxy solicitor, MacKenzie Partners, Inc., at the\nfollowing address or phone number: 7 Penn Plaza, Suite 503, New York, NY 10001, or call toll free at (800) 322-2885. If you want\nto receive separate copies of our proxy materials in the future, or if you are receiving multiple copies and would like to receive\nonly one copy for your household, you should contact your bank, broker or other nominee record holder, or you may contact our proxy\nsolicitor at the above address or phone number.\n\nPlease refer to the Company’s proxy\nstatement and annual report for certain information and disclosure required by applicable law. Schedule II contains information\nregarding persons who beneficially own more than 5% of the shares and the ownership of the shares by the directors and management\nof the Company.\n\nThis Proxy Statement is dated May 12,\n2026. You should not assume that the information contained in this Proxy Statement is accurate as of any date other than such date,\nand the mailing of this Proxy Statement to Stockholders shall not create any implication to the contrary.\n\nYou are advised to read this Proxy Statement\nand other relevant documents when they become available because they will contain important information. You may obtain a free\ncopy of this Proxy Statement and other relevant documents that we file with the SEC at the SEC’s website at www.sec.gov or\nby calling MacKenzie Partners, Inc., at the address and phone number indicated above.\n\n**YOUR VOTE IS IMPORTANT, NO MATTER HOW\nFEW SHARES OF COMMON STOCK YOU OWN. WE URGE YOU TO FOLLOW THE INSTRUCTIONS SET FORTH ON THE ENCLOSED WHITE UNIVERSAL PROXY CARD\nTO VOTE VIA THE INTERNET OR BY TELEPHONE OR TO MARK, SIGN, DATE, AND RETURN THE ENCLOSED WHITE UNIVERSAL PROXY CARD BY MAIL TODAY\nTO VOTE “FOR” ERIC DE ARMAS, CHRISTOPHER DENNIS AND OLIVER BENTON “BEN” CURTIS III TO BE ELECTED TO SERVE\nAS CLASS III MEMBERS OF THE BOARD UNTIL THE 2029 ANNUAL MEETING AND UNTIL THEIR RESPECTIVE SUCCESSORS ARE DULY ELECTED AND QUALIFIED\nOR UNTIL THE EARLIER OF THEIR RESIGNATION OR REMOVAL.**\n\nWE HAVE OMITTED FROM THIS PROXY STATEMENT\nCERTAIN DISCLOSURE REQUIRED BY APPLICABLE LAW THAT IS REQUIRED TO BE INCLUDED IN THE COMPANY’S PROXY STATEMENT RELATING TO\nTHE 2026 ANNUAL MEETING BASED ON OUR RELIANCE ON RULE 14A-5(C) UNDER THE EXCHANGE ACT. THIS DISCLOSURE INCLUDES, AMONG OTHER THINGS,\nCURRENT BIOGRAPHICAL INFORMATION ON THE COMPANY’S DIRECTORS AND EXECUTIVE OFFICERS, INFORMATION CONCERNING EXECUTIVE COMPENSATION\nAND DIRECTOR COMPENSATION, INFORMATION CONCERNING THE BOARD AND ITS COMMITTEES OF THE BOARD, INFORMATION CONCERNING CERTAIN RELATIONSHIPS\nAND RELATED PARTY TRANSACTIONS, INFORMATION ABOUT THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM, INFORMATION\nON HOW TO ATTEND THE 2026 ANNUAL MEETING AND VOTE IN PERSON, AND OTHER IMPORTANT INFORMATION. **WE TAKE NO RESPONSIBILITY FOR\nTHE ACCURACY OR COMPLETENESS OF ANY INFORMATION CONTAINED IN THE COMPANY’S PROXY STATEMENT**. **EXCEPT AS OTHERWISE NOTED\nHEREIN, THE INFORMATION IN THIS PROXY STATEMENT CONCERNING THE COMPANY HAS BEEN TAKEN FROM OR IS BASED UPON DOCUMENTS AND RECORDS\nON FILE WITH THE SEC AND OTHER PUBLICLY AVAILABLE INFORMATION. STOCKHOLDERS ARE DIRECTED TO REFER TO THE COMPANY’S PROXY**\n\n36\n\n**STATEMENT FOR THE FOREGOING INFORMATION, INCLUDING INFORMATION\nREQUIRED BY ITEM 7 OF SCHEDULE 14A WITH REGARD TO THE COMPANY’S NOMINEES. STOCKHOLDERS CAN ACCESS THE COMPANY’S PROXY\nSTATEMENT AND ANY OTHER RELEVANT DOCUMENTS DISCLOSING THIS INFORMATION, WITHOUT COST, ON THE SEC’S WEBSITE AT WWW.SEC.GOV.**\n\n**DOMA Perpetual LO Equity Master Fund LP**\n\n**May 12, 2026**\n\n37\n\n**Annex\nA**\n\n**INFORMATION\nCONCERNING PARTICIPANTS IN THE SOLICITATION**\n\nThe DOMA Parties and each of Mr. de Armas,\nMr. Dennis and Mr. Curtis may be deemed “participants” under SEC rules in this solicitation. Information regarding\nthe participants in the solicitation is set forth below.\n\nExcept as described in this Proxy Statement,\nno Participant in this solicitation beneficially owns any securities of the Company or has any personal ownership interest, direct\nor indirect, in any securities of the Company. Set forth in this *Annex A* are transactions in the Company’s securities\neffected by the participants in this solicitation within the past two years. The source of funding for these transactions was derived\nfrom the capital of the DOMA Parties. The DOMA Parties’ shares (other than the Common Stock held by the Record Stockholder)\nwhich the DOMA Parties hold in “street name” may be held in brokerage custodian accounts which, from time to time in\nthe ordinary course, may utilize margin borrowing in connection with purchasing, borrowing or holding of securities, and such shares\nof Common Stock may thereby have been, or in the future may become, subject to the terms and conditions of such margin debt and\nterms, together with all other securities held therein. Except as described herein, as of the date hereof, no part of the purchase\nprice or market value of any securities of the Company described in *Annex A* are represented by funds that were borrowed\nor otherwise obtained for the purpose of acquiring or holding such securities by any participant.\n\n**PERSONS MAKING THE SOLICITATION AND OTHER PARTICIPANTS**\n\nThe name, principal business address and\nthe principal occupation or employment of the DOMA Parties and the other participants in this solicitation are set forth below.\n\n**DOMA PERPETUAL CAPITAL MANAGEMENT LLC**\n\nDOMA is a Delaware limited liability company\nwhose principal business address is 3350 Virginia Street, Suite 530, Miami, FL 33133. The principal business of DOMA is to serve\nas the investment manager of DOMA LO Master and JTF.\n\n**DOMA1 LLC**\n\nDOMA1 is a Delaware limited liability company\nwhose principal business address is 3350 Virginia Street, Suite 530, Miami, FL 33133. The principal business of DOMA1 is to serve\nas the managing member of DOMA.\n\n**DOMA PERPETUAL LO EQUITY MASTER FUND LP**\n\nDOMA LO Master is a Cayman Islands exempted\nlimited partnership whose principal business address is c/o DOMA Perpetual Capital Management LLC, 3350 Virginia Street, Suite\n530, Miami, FL 33133. The principal business of DOMA LO Master is to invest in securities. DOMA LO Master is also the Record Stockholder.\n\n**DOMA PERPETUAL PARTNERS GP LLC**\n\nDOMA GP is a Delaware limited liability company\nwhose principal business address is 3350 Virginia Street, Suite 530, Miami, FL 33133. The principal business of DOMA GP is to serve\nas the general partner of DOMA LO Master.\n\n**DOMA2 LLC**\n\nDOMA2 is a Delaware limited liability company\nwhose principal business address is 3350 Virginia Street, Suite 530, Miami, FL 33133. The principal business of DOMA2 is to serve\nas the managing member of DOMA GP.\n\n38\n\n**THE JOHN TEMPLETON FOUNDATION**\n\nJTF is a foundation organized under the laws\nof Tennessee whose principal business address is 300 Conshohocken State Road, Suite 500, West Conshohocken, PA 19428. JTF, via\nits wholly-owned investment holding company, Reliability LLC, invests in securities and engages in all related activities and transactions.\n\n**PEDRO ESCUDERO**\n\nPedro Escudero’s principal business\naddress is 3350 Virginia Street, Suite 530, Miami, FL 33133. Mr. Escudero is a citizen of the United States and Spain. The principal\noccupation of Mr. Escudero is to serve as the Chief Executive Officer and Chief Investment Officer of DOMA and the sole manager\nof DOMA1 and DOMA2.\n\n**ERIC DE ARMAS**\n\nEric de Armas’s principal business\naddress is 3350 Virginia Street, Suite 530, Miami, FL 33133. Mr. de Armas is a citizen of the United States. The principal occupation\nof Mr. de Armas is to serve as the Chief Financial Officer, Chief Compliance Officer and Chief Operating Officer of DOMA.\n\n**CHRISTOPHER DENNIS**\n\nChristopher Dennis’s principal business\naddress is 8260 La Rampa Street, Coral Gables, Florida 33143. Mr. Dennis is a citizen of the United States. The principal occupation\nof Mr. Dennis is as a physician executive who advises various organizations.\n\n**OLIVER BENTON “BEN” CURTIS III**\n\nOliver Benton “Ben” Curtis III’s\nprincipal business address is McDermott, Will & Schulte, 333 S.E. 2nd Avenue, Suite 4500, Miami, Florida 33133. Mr. Curtis\nis a citizen of the United States. The principal occupation of Mr. Curtis is as a Partner at McDermott, Will & Schulte.\n\n39\n\n**SCHEDULE\nI**\n\n**TRANSACTIONS\nIN SECURITIES OF THE COMPANY DURING THE PAST TWO YEARS**\n\n**DOMA PERPETUAL LO EQUITY MASTER FUND LP**\n\n**Nature of Transaction**\n**Amount of Securities**\n\n**Purchased/(Sold)**\n**Date of Transaction**\n\nPurchase of Common Stock\n50,912\n3/26/24\n\nPurchase of Common Stock\n2,444\n4/1/24\n\nPurchase of Common Stock\n25,000\n4/2/24\n\nPurchase of Common Stock\n13,297\n4/2/24\n\nPurchase of Common Stock\n36,774\n4/4/24\n\nPurchase of Common Stock\n50,549\n4/5/24\n\nPurchase of Common Stock\n10,700\n4/8/24\n\nPurchase of Common Stock\n4,431\n4/9/24\n\nPurchase of Common Stock\n74,170\n5/1/24\n\nPurchase of Common Stock\n46,272\n5/2/24\n\nPurchase of Common Stock\n30,924\n5/3/24\n\nPurchase of Common Stock\n86,000\n5/6/24\n\nPurchase of Common Stock\n14,600\n5/7/24\n\nPurchase of Common Stock\n5,200\n5/9/24\n\nPurchase of Common Stock\n4,700\n5/10/24\n\nPurchase of Common Stock\n6,800\n5/14/24\n\nPurchase of Common Stock\n5,200\n5/15/24\n\nPurchase of Common Stock\n1,090\n5/17/24\n\nPurchase of Common Stock\n170\n5/21/24\n\nPurchase of Common Stock\n200,000\n7/1/24\n\nPurchase of Common Stock\n547,088\n7/2/24\n\nPurchase of Common Stock\n2,150\n1/29/25\n\nPurchase of Common Stock\n5,790\n1/30/25\n\nPurchase of Common Stock\n35,280\n1/31/25\n\nPurchase of Common Stock\n13,000\n2/12/25\n\nPurchase of Common Stock\n107,446\n9/10/25\n\nPurchase of Common Stock\n25,360\n9/12/25\n\nPurchase of Common Stock\n5,400\n9/15/25\n\nPurchase of Common Stock\n15,800\n9/16/25\n\nPurchase of Common Stock\n7,700\n9/24/25\n\n40\n\n**JOHN TEMPLETON FOUNDATION**\n\n**Nature of Transaction**\n**Amount of Securities**\n\n**Purchased/(Sold)**\n**Date of Transaction**\n\nPurchase of Common Stock\n60,000\n8/1/25\n\nPurchase of Common Stock\n60,000\n8/1/25\n\nPurchase of Common Stock\n68,000\n8/1/25\n\nPurchase of Common Stock\n68,000\n8/1/25\n\nPurchase of Common Stock\n87,549\n8/1/25\n\nPurchase of Common Stock\n90,000\n8/1/25\n\nPurchase of Common Stock\n242,000\n8/4/25\n\nPurchase of Common Stock\n60,000\n8/5/25\n\nPurchase of Common Stock\n46,470\n10/6/25\n\nPurchase of Common Stock\n30,000\n10/7/25\n\n**PEDRO ESCUDERO**\n\n**Nature of Transaction**\n**Amount of Securities**\n\n**Purchased/(Sold)**\n**Date of Transaction**\n\nPurchase of Common Stock\n24,000\n7/5/24\n\nPurchase of Common Stock\n50,000\n7/8/24\n\nPurchase of Common Stock\n55,000\n7/22/24\n\nPurchase of Common Stock\n30,000\n7/29/24\n\n**ERIC DE ARMAS**\n\n**Nature of Transaction**\n**Amount of Securities**\n\n**Purchased/(Sold)**\n**Date of Transaction**\n\nPurchase of Common Stock\n1,250\n1/13/25\n\nPurchase of Common Stock\n139\n1/22/25\n\nNone of the other DOMA Nominees have had any transactions with\nrespect to the Company’s securities during the past two years.\n\n41\n\n**SCHEDULE\nII**\n\n**SECURITY\nOWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT**\n\nThe following table is reprinted from the Company’s proxy\nstatement filed with the SEC on April 17, 2026 and contains information regarding persons who beneficially own more than 5% of\nthe shares of Common Stock and the ownership of the shares by the directors and executive officers of the Company.\n\n**Name and Address of Beneficial Owner**\n\n**Number of Shares**\n\n**Beneficially**\n\n**Owned**\n\n**Percentage**\n\n**Beneficially**\n\n**Owned**\n\n**5% STOCKHOLDERS**\n\nBlackRock, Inc.(1)\n\n50 Hudson Yards\n\nNew York, New York 10001\n\n7,064,280\n\n18.0%\n\nThe Vanguard Group(2)\n\n100 Vanguard Boulevard,\n\nMalvern, Pennsylvania 19355\n\n4,812,955\n\n12.2%\n\nDOMA Perpetual Capital Management LLC(3)\n\n3350 Virginia Street, Suite 530\n\nMiami, Florida 33133\n\n2,938,183\n\n7.5%\n\nDimensional Fund Advisors LP(4)\n\n6300 Bee Cave Road, Building One\n\nAustin, Texas 78746\n\n2,060,597\n\n5.2%\n\n**DIRECTORS AND DIRECTOR NOMINEES**\n\nMarcelo Bigal(5)\n\n65,818\n\n*\n\nLaura Brege(6)\n\n108,815\n\n*\n\nAbraham Ceesay(7)\n\n63,464\n\n*\n\nChristopher Christie(8)\n\n131,188\n\n*\n\nMark Froimson(9)\n\n107,691\n\n*\n\nSamit Hirawat\n\n-\n\n-\n\nMark Kronenfeld(10)\n\n116,165\n\n*\n\nFrank D. Lee(11)\n\n476,291\n\n1.2%\n\nThomas Wiggans\n\n-\n\n-\n\nMichael Yang(12)\n\n67,818\n\n*\n\nAlethia Young(13)\n\n65,818\n\n*\n\n**NAMED EXECUTIVE OFFICERS**\n\nShawn Cross(14)\n\n50,000\n\n*\n\nKristen Williams(15)\n\n148,283\n\n*\n\nBrendan Teehan(16)\n\n39,815\n\n*\n\nJonathan Slonin(17)\n\n177,197\n\n*\n\n**ALL DIRECTORS AND EXECUTIVE OFFICERS AS A GROUP (15 PERSONS)**\n\n1,618,363\n(18)\n4.0%\n\n* Less than 1%\n\n(1) This information is derived exclusively from a Schedule 13G/A\nfiled by BlackRock, Inc. with the SEC on January 19, 2024, reporting on beneficial ownership as of December 31, 2023.\n\n(2) This information is derived exclusively from a Schedule 13G/A\nfiled by The Vanguard Group with the SEC on February 13, 2024, reporting on beneficial ownership as of December 29, 2023. On March\n27, 2026, The Vanguard Group further amended its Schedule 13G/A to disclose that as of March 13, 2026 (i) as a result of an internal\nrealignment, it was no longer deemed to beneficially own shares of our common stock beneficially owned by certain of its subsidiaries\nand/or business divisions, and accordingly, it was no longer deemed to beneficially own any shares of our common stock and (ii)\ngoing forward, such subsidiaries and/or business divisions of The Vanguard Group will report beneficial ownership separately (on\na disaggregated basis).\n\n(3) This information is derived exclusively from a Schedule 13D/A\nfiled by DOMA Perpetual Capital Management LLC filed with the SEC on March 12, 2026 and consists of 1,965,775 shares of common\nstock beneficially owned by DOMA Perpetual LO Equity Master Fund LP; 812,019 shares of common stock beneficially owned by the John\nTempleton Foundation; 159,000 shares of common stock directly beneficially owned by Pedro Escudero; and 1,389 shares of common\nstock directly beneficially owned by Eric de Armas.\n\n(4) This information is derived exclusively from a Schedule 13G\nfiled by Dimensional Fund Advisors LP with the SEC on April 9, 2026, reporting on beneficial ownership as of March 31, 2026.\n\n42\n\n(5) Includes 54,425 shares of common stock issuable upon exercise\nof stock options and 6,163 shares of common stock issuable upon the vesting of RSUs that are exercisable/vesting within 60 days\nof April 15, 2026.\n\n(6) Includes 85,100 shares of common stock issuable upon exercise\nof stock options and 6,163 shares of common stock issuable upon the vesting of RSUs that are exercisable/vesting within 60 days\nof April 15, 2026.\n\n(7) Includes 54.425 shares of common stock issuable upon exercise\nof stock options and 6,163 shares of common stock issuable upon the vesting of RSUs that are exercisable/vesting within 60 days\nof April 15, 2026.\n\n(8) Includes 114,534 shares of common stock issuable upon exercise\nof stock options and 6,163 shares of common stock issuable upon the vesting of RSUs that are exercisable/vesting within 60 days\nof April 15, 2026.\n\n(9) Includes 87,555 shares of common stock issuable upon exercise\nof stock options and 6,163 shares of common stock issuable upon the vesting of RSUs that are exercisable/vesting within 60 days\nof April 15, 2026.\n\n(10) Includes 85,100 shares of common stock issuable upon exercise\nof stock options and 6,163 shares of common stock issuable upon the vesting of RSUs that are exercisable/vesting within 60 days\nof April 15, 2026.\n\n(11) Includes 389,538 shares of common stock issuable upon exercise\nof stock options that are exercisable within 60 days of April 15, 2026.\n\n(12) Includes 54,425 shares of common stock issuable upon exercise\nof stock options and 6,163 shares of common stock issuable upon the vesting of RSUs that are exercisable/vesting within 60 days\nof April 15, 2026.\n\n(13) Includes 54,425 shares of common stock issuable upon exercise\nof stock options and 6,163 shares of common stock issuable upon the vesting of RSUs that are exercisable/vesting within 60 days\nof April 15, 2026.\n\n(14) Includes 50,000 shares of common stock issuable upon exercise\nof stock options that are exercisable within 60 days of April 15, 2026.\n\n(15) Includes 106,267 shares of common stock issuable upon exercise\nof stock options and 18,787 shares of common stock issuable upon the vesting of RSUs that are exercisable/vesting within 60 days\nof April 15, 2026.\n\n(16) Includes 31,095 shares of common stock issuable upon exercise\nof stock options that are exercisable within 60 days of April 15, 2026.\n\n(17) Includes 110,690 shares of common stock issuable upon exercise\nof stock options and 18,787 shares of common stock issuable upon the vesting of RSUs that are exercisable/vesting within 60 days\nof April 15, 2026.\n\n(18) Includes 1,277,579 shares of common stock issuable upon exercise\nof stock options and 86,878 shares of common stock issuable upon the vesting of RSUs that are exercisable/vesting within 60 days\nof April 15, 2026.\n\n43\n\n**PACIRA BIOSCIENCES, INC.\nPROXY FOR 2026\nANNUAL MEETING OF SHAREHOLDERS**\n\n**THIS PROXY IS SOLICITED ON BEHALF OF DOMA\nPERPETUAL LO EQUITY MASTER FUND AND THE OTHER PARTICIPANTS IN ITS\nPROXY SOLICITATION**\n\n**THE BOARD OF DIRECTORS OF PACIRA BIOSCIENCES,\nINC. IS NOT SOLICITING THIS PROXY**\n\n**VOTE BY INTERNET**\n\nPlease have your **WHITE** universal\nproxy card available when you access the www.myproxyonline.com/PCRX and follow the simple directions\nthat will be presented to you.\n\n**VOTE BY PHONE**\n\nPlease\nhave your **WHITE**universal proxy card available when you call the **toll-free number 1-** 866-458-9858\nusing a touch-tone telephone and follow the simple directions that\nwill be presented to you.\n\n**VOTE BY MAIL**\n\nPlease mark, sign and date your **WHITE**\nuniversal proxy card and return it in the **postage-paid envelope**provided or return it to: DOMA Perpetual Lo Equity Master\nFund c/o MacKenzie Partners, Inc., 7 Penn Plaza, Suite 503, New York, NY 10001.\n\n**IMPORTANT: PLEASE COMPLETE, SIGN,\nDATE AND MAIL THIS WHITE UNIVERSAL PROXY CARD TODAY!**\n\n**CONTROL NUMBER:**\n\n**If submitting your WHITE universal\nproxy by mail, please sign and date\nthe card below and fold and detach card at perforation before mailing.**\n\n**Pacira BioSciences, Inc.**\n**WHITE UNIVERSAL PROXY CARD**\n\n**This proxy is solicited by DOMA Perpetual\nLo Equity Master Fund and the other Participants in this proxy solicitation.**\n\nThe stockholder(s) hereby appoint(s) Pedro\nEscudero and Eric de Armas, or either of them, as proxies, each with the power to appoint his substitute, and hereby authorize(s)\nthem to represent and to vote, as designated on the reverse side of this proxy card, all of the shares of common stock of Pacira\nBioSciences, Inc., that such stockholder(s) is/are entitled to vote at the Annual Meeting of Stockholders to be held at 1:30 PM\nEastern Daylight Time on June 9, 2026 (including any adjournments or postponements thereof and any meeting called in lieu thereof,\nthe “Annual Meeting”), in-person at Pacira Biosciences, Inc. offices located at 5 Sylvan Way, Suite 300, Parsippany,\nNJ 07054 and virtually at www.cesonlineservices.com/pcrx26_vm, and any continuation, adjournment\nor postponement thereof.\n\n**THIS PROXY, WHEN PROPERLY EXECUTED, WILL\nBE VOTED IN THE MANNER DIRECTED HEREIN FOR PROPOSAL 1, VOTE “FOR” UP TO THREE (3) NOMINEES IN TOTAL. YOU ARE PERMITTED\nTO VOTE FOR FEWER THAN THREE (3) NOMINEES. YOUR SHARES WILL ONLY BE VOTED “FOR” THOSE NOMINEES YOU HAVE SO MARKED.\nIF YOU VOTE “FOR” MORE THAN THREE (3) NOMINEES, ALL OF YOUR VOTES WITH RESPECT TO PROPOSAL 1 WILL BE INVALID AND WILL\nNOT BE COUNTED. IF THIS PROXY IS SIGNED AND NO DIRECTION IS INDICATED WITH RESPECT TO THE PROPOSALS ON THE REVERSE, THE PROXY WILL\nBE VOTED AS TO ALL SHARES OF THE UNDERSIGNED “FOR” EACH OF THE DOMA-RECOMMENDED NOMINEES IN PROPOSAL 1; “FOR”\nIN PROPOSAL 2, “AGAINST” IN PROPOSAL 3, “AGAINST” IN PROPOSAL 4 AND “AGAINST” IN PROPOSAL 5;\nAND ACCORDING TO THE DIRECTION OF THE PROXY HOLDERS ON ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE MEETING OR ANY POSTPONEMENT\nOR ADJOURNMENT THEREOF AND REVOKING ANY PROXY HERETOFORE GIVEN.**\n\n**This Proxy will be valid until the completion\nof the Annual Meeting. This Proxy will only be valid in connection with the DOMA Parties’ solicitation of proxies for the\nAnnual Meeting.**\n\nSignature\n\nDate\n\nTitle or Authority\n\nSignature if Held Jointly\n\nNOTE: Please sign exactly as name(s) appear(s)\nhereon. When signing as attorney, executor, administrator or other fiduciary, please give full title as such. Joint owners should\neach sign personally. All holders must sign. If a corporation or partnership, please sign in full corporate or partnership name\nby authorized officer.\n\n**(Continued and to be marked on the other\nside)**\n\n4898-8439-5428\n\n**Pacira BioSciences, Inc.**\n\n**Annual Meeting of Stockholders**\n\n**5 Sylvan Way**\n\n**Suite 300,**\n\n**Parsippany, NJ 07054**\n\n**or**\n\n**Virtually at www.cesonlineservices.com/pcrx26_vm**\n\n**June 9, 2026**\n\n**1:30 PM Eastern Daylight Time**\n\nIn order to attend the Annual Meeting virtually, you will need\nto pre-register by 1:30 PM, Eastern Time, on June 8, 2026. **Even if you plan to attend the Annual Meeting in-person or virtually,\nwe urge you to vote your WHITE universal proxy card TODAY, to ensure that your shares are represented at the Annual Meeting.**\nIf you have any questions, require assistance in voting on your **WHITE** universal proxy card, or need additional copies\nof the Company’s proxy materials, please contact our proxy solicitor:\n\n**MacKenzie Partners, Inc.**\n\n**7 Penn Plaza, Suite 503**\n\n**New York, NY 10001**\n\n**Call toll free: 1-800-322-2885**\n\n**Or**\n\n**Email: proxy@mackenziepartners.com**\n\n**Important Notice Regarding Availability\nof Proxy Materials for Annual Meeting:**\n\nThe Notice and Proxy Statement and Annual\nReport are available at www.macKenziepartners.com/DOMA-PCRX\n\n**TO SUBMIT YOUR WHITE UNIVERSAL PROXY\nBY MAIL, DETACH ALONG THE PERFORATION, MARK, SIGN, DATE AND RETURN THE BOTTOM PORTION PROMPTLY USING THE ENCLOSED ENVELOPE**\n\n**Pacira BioSciences, Inc.**\n**WHITE UNIVERSAL PROXY CARD**\n\n**DOMA recommends a vote “FOR”\nONLY each of the following three (3) DOMA Nominees 1A-1C listed in Proposal 1 below.**\n\n1.\nElection of three Class III directors to our board of directors to serve until the 2029\nannual meeting of stockholders and until their successors are elected and qualified. You may mark instructions with respect\nto any or all of the nominees; however, you should mark a vote “FOR” only three (3) nominees in total. You are\npermitted to vote for fewer than three (3) nominees. If you vote “FOR” fewer than three (3) nominees, your shares\nwill be voted “FOR” those nominees you mark. If you vote “FOR” more than three (3) nominees, all of\nyour votes with respect to Proposal 1 will be invalid and will not be counted. **If you sign and return your proxy card and\ndo not specify how you want your shares to be voted, they will be voted for each of the DOMA-recommended nominees.**\n\n**DOMA Nominees:**\n\n**DOMA recommends you vote “FOR” only the following three (3) DOMA nominees 1A through 1C**\n**Company Nominees Opposed by DOMA:**\n\n**DOMA recommends you vote “WITHHOLD” for the following three (3) Company nominees 1D through 1F**\n\n**FOR**\n**WITHHOLD**\n\n**FOR**\n**WITHHOLD**\n\n(1A) Oliver Benton “Ben” Curtis III\no\no\n(1D) Christopher J. Christie\no\no\n\n(1B) Eric de Armas\no\no\n(1E) Samit Hirawat\no\no\n\n(1C) Christopher Dennis\no\no\n(1F) Tom Wiggans\no\no\n\n**DOMA recommends a vote “FOR”\nin Proposal 2.**\n\n2.\nRatification of the appointment of KPMG as the independent registered public accounting firm for the fiscal year ending December\n31, 2026.\n\n**o****FOR**\n**o****AGAINST**\n**o****ABSTAIN**\n\n**DOMA recommends a vote “AGAINST”\nin Proposals 3, 4, and 5.**\n\n3.\nApproval, on an advisory basis, of the compensation of the Company’s named executive officers.\n\n**o****FOR**\n**o****AGAINST**\n**o****ABSTAIN**\n\n4.\nApproval of the Amended and Restated 2011 Stock Incentive Plan\n\n**o****FOR**\n**o****AGAINST**\n**o********ABSTAIN**\n\n5.\nApproval of the Amended and Restated 2014 Employee Stock Purchase Plan\n\n**o****FOR**\n**o****AGAINST**\n**o****ABSTAIN**\n\n**In their discretion, the proxies\nare authorized to vote on such other matters as may properly come before the Annual Meeting or any continuation, adjournment or\npostponement thereof, that are unknown to the Participants a reasonable time before this solicitation, to the extent permitted\nby Rule 14a-4(c) of the Exchange Act.**\n\n**Continued\nand to be signed on the reverse side.**"}