Forma Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(C)(4)
12 7월 2022 - 8:05PM
Business Wire
Forma Therapeutics Holdings, Inc. (Nasdaq: FMTX), a
clinical-stage biopharmaceutical company focused on sickle cell
disease, prostate cancer and other rare hematologic diseases and
cancers, today announced that its Board of Directors granted to
Agustín Melián, M.D. and Linea Aspesi non-qualified stock options
of 118,000 and 59,000 shares, respectively, of its common stock
pursuant to Inducement Non-Qualified Stock Option Agreements (the
“Stock Options”) and 79,000 and 39,000 restricted stock units,
respectively, pursuant to Inducement Restricted Stock Unit
Agreements (the “RSUs,” and together with the Stock Options, the
“Inducement Grants”). On June 30, 2022, Forma announced the
appointment of Dr. Melián as Executive Vice President, Head of
Research and Development and of Ms. Aspesi as Senior Vice
President, Chief Human Resources Officer, both effective as of July
11, 2022.
The Inducement Grants were granted on July 11, 2022. The
Inducement Grants were issued outside of Forma Therapeutics’
stockholder-approved equity incentive plan, pursuant to Rule
5635(c)(4) of the NASDAQ Listing Rules as an inducement material to
Dr. Melián and Ms. Aspesi entering into employment with Forma. The
Stock Options have an exercise price of $8.20 per share, the
closing price of Forma Therapeutics’ common stock on July 11, 2022,
and will vest over a period of four years, with 25% of the shares
underlying such option vesting on the first anniversary of the
grant date and the remaining 75% vesting in thirty-six equal
monthly installments thereafter. The RSUs will vest over a period
of four years, with 25% of the RSUs vesting on the first
anniversary of the grant date and an additional 25% of the RSUs
vesting annually on each anniversary of the grant date thereafter.
The Inducement Grants are subject to the terms and conditions of
the forms of award agreement covering each grant.
About Forma Therapeutics
Forma Therapeutics is a clinical-stage biopharmaceutical company
focused on the research, development and commercialization of novel
therapeutics to transform the lives of patients with rare
hematologic diseases and cancers. Our R&D engine combines deep
biology insight, chemistry expertise and clinical development
capabilities to create drug candidates with differentiated
mechanisms of action focused on indications with high unmet need.
Our work has generated a broad proprietary portfolio of programs
with the potential to provide profound patient benefit. For more
information, please visit www.FormaTherapeutics.com or follow us on
Twitter @FORMAInc and LinkedIn.
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Media: Johanna Bennett, +1-973-600-7925 Porter Novelli
johanna.bennett@porternovelli.com Investors: Adam Bero,
Ph.D. Kendall Investor Relations abero@kendallir.com
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