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Poseida Therapeutics Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) | ||
By: PR Newswire Association LLC. - 04 Mar 2024 | Back to overview list |
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SAN DIEGO, March 4, 2024 /PRNewswire/ -- Poseida Therapeutics, Inc. (Nasdaq: PSTX), a clinical-stage cell and gene therapy company advancing a new class of treatments for patients with cancer and rare diseases, today announced that the Compensation Committee of its Board of Directors granted an inducement award to an employee. This grant is made pursuant to the Company's 2022 Inducement Plan as an inducement material to a non-executive employee entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The inducement award is comprised of (i) a stock option to purchase 89,000 shares of the Company's common stock with a per share exercise price equal to the fair market value of the Company's common stock on the grant date and will be subject to vesting over four years, with 12.5% of the shares vesting on the six-month anniversary of the grant date, and the remainder vesting monthly over the following forty-two (42) months, subject to the employee's continued employment and the terms and conditions of the stock option agreement; and (ii) a restricted stock unit award covering 64,000 shares of the Company's common stock and will be subject to vesting over four years, with 25% of the shares vesting on the one year anniversary of the grant date, and the remainder vesting in a series of three equal successive annual installments on the second, third, and fourth anniversaries of the grant date, subject to the employee's continued employment and the terms and conditions of the restricted stock unit award agreement. About Poseida Therapeutics, Inc. View original content to download multimedia:https://www.prnewswire.com/news-releases/poseida-therapeutics-announces-inducement-grant-under-nasdaq-listing-rule-5635c4-302078868.html SOURCE Poseida Therapeutics, Inc. |
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