Personalis Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
17 Janeiro 2024 - 6:15PM
Business Wire
Personalis, Inc. (Nasdaq: PSNL), a leader in advanced genomics
for precision oncology, today announced that the Compensation
Committee of its Board of Directors granted non-qualified stock
options to purchase an aggregate of 29,000 shares of its common
stock to eight 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 January 15,
2024 and have an exercise price of $1.74 per share, which is equal
to the closing price of Personalis’ common stock on January 12,
2024, the last date preceding the grant date for which a closing
price exists. 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 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 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 X (Twitter).
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version on businesswire.com: https://www.businesswire.com/news/home/20240117660740/en/
Investor Relations: Caroline Corner investors@personalis.com
415-202-5678
Media: pr@personalis.com
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