Personalis Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
24 Agosto 2023 - 8:01PM
Business Wire
Personalis, Inc. (Nasdaq: PSNL), a leader in advanced genomics
for cancer, today announced that the Compensation Committee of its
Board of Directors granted, between the dates of May 15, 2023 and
August 15, 2023, non-qualified stock options to purchase an
aggregate of 43,000 shares of its common stock and restricted stock
units (RSUs) covering an aggregate of 24,500 shares of its common
stock to sixteen new employees under Personalis’ 2020 Inducement
Plan.
The 2020 Inducement Plan is used exclusively for the grant of
equity awards to individuals who were not previously an employee,
or non-employee director, of Personalis, as an inducement material
to such individual’s entering into employment with Personalis,
pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules. Personalis
is making this announcement as required by Nasdaq rules.
All of the inducement stock options were granted on August 15,
2023 and have an exercise price of $1.81 per share, which is equal
to the closing price of Personalis’ common stock on the grant date.
The inducement stock options vest over four years, with 25% of the
shares vesting on the first anniversary of the grant date and
1/36th of the remaining shares vesting monthly thereafter, subject
to continued service through each applicable vesting date. The
inducement RSUs vest over four years, with 25% of the shares
vesting on the first anniversary of the vesting commencement date
(which is typically the grant date) and an additional 25% of the
shares vesting annually thereafter, subject to continued service
through each applicable vesting date. The foregoing inducement
awards are subject to the terms and conditions of Personalis’ 2020
Inducement Plan, and the terms and conditions of the applicable
award agreement covering each grant.
About Personalis, Inc.
At Personalis, we are transforming the active management of
cancer through breakthrough personalized testing. We aim to drive a
new paradigm for cancer management, guiding care from biopsy
through the life of the patient. Our highly sensitive assays
combine tumor-and-normal profiling with proprietary algorithms to
deliver advanced insights even as cancer evolves over time. Our
products are designed to detect minimal residual disease (MRD) and
recurrence at the earliest timepoints, enable selection of targeted
therapies based on ultra-comprehensive genomic profiling, and
enhance biomarker strategy for drug development. Personalis is
based in Fremont, California. To learn more, visit
www.personalis.com and connect with us on LinkedIn and Twitter.
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version on businesswire.com: https://www.businesswire.com/news/home/20230824647239/en/
Investor Relations Contact: Caroline Corner
investors@personalis.com 415-202-5678
Media: pr@personalis.com
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