Senseonics Announces Equity Grants To Employees Under Inducement Plan
July 05 2023 - 3:05PM
Business Wire
Senseonics Holdings, Inc. (NYSE American: SENS), a medical
technology company focused on the development and manufacturing of
long-term, implantable continuous glucose monitoring (CGM) systems
for people with diabetes, today announced that it had made equity
grants to new employees under its 2019 Inducement Plan (the “Plan”)
in accordance with NYSE American Company Guide Section 711(a).
On July 3, 2023, Senseonics Compensation Committee granted 4 new
non-executive employees non-qualified stock options to purchase an
aggregate of 66,000 shares of the Company’s common stock as an
inducement for such employees to join the Company. The options have
an exercise price of $0.7924 per share, which was the closing price
of the Company’s common stock on the NYSE American on July 3, 2023.
In each case, 25% of the shares underlying the options will vest on
the first anniversary of the employee’s start date, with the
remainder vesting in monthly installments over the subsequent three
year period, in all cases contingent on such employee’s continued
service with the Company at the applicable vesting date.
About Senseonics
Senseonics Holdings, Inc. (“Senseonics”) is a medical technology
company focused on the development and manufacturing of glucose
monitoring products designed to transform lives in the global
diabetes community with differentiated, long-term implantable
glucose management technology. Senseonics' CGM systems, Eversense®,
Eversense® XL and Eversense® E3 include a small sensor inserted
completely under the skin that communicates with a smart
transmitter worn over the sensor. The glucose data are
automatically sent every 5 minutes to a mobile app on the user's
smartphone.
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Senseonics Investor Contact Philip Taylor Investor
Relations 415-937-5406 investors@senseonics.com
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