BioCryst Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
December 04 2024 - 3:15PM
BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) today announced that
the compensation committee of BioCryst’s board of directors granted
five newly-hired employees stock options to purchase an aggregate
of 17,400 shares, and restricted stock units (RSUs) covering an
aggregate of 12,150 shares, of BioCryst common stock. The options
and RSUs were granted as of November 29, 2024, as inducements
material to each employee entering into employment with BioCryst.
The options and RSUs were granted in accordance with Nasdaq Listing
Rule 5635(c)(4).
The options have an exercise price of $7.50 per
share, which is equal to the closing price of BioCryst common stock
on the grant date. The options and RSUs vest in four equal annual
installments beginning on the one-year anniversary of the grant
date, in each case subject to the new employee’s continued service
with the company. Each stock option has a 10-year term. The options
and RSUs are subject to the terms and conditions of BioCryst’s
Inducement Equity Incentive Plan and a stock option agreement or
restricted stock unit agreement, as applicable, covering the
grant.
About BioCryst
PharmaceuticalsBioCryst Pharmaceuticals is a global
biotechnology company with a deep commitment to improving the lives
of people living with hereditary angioedema and other rare
diseases. BioCryst leverages its expertise in structure-guided drug
design to develop first-in-class or best-in-class oral
small-molecule and protein therapeutics to target
difficult-to-treat diseases. BioCryst has commercialized ORLADEYO®
(berotralstat), the first oral, once-daily plasma kallikrein
inhibitor, and is advancing a pipeline of small-molecule and
protein therapies. For more information, please visit
www.biocryst.com or follow us on LinkedIn.
BCRXW
Contact:John Bluth+1 919 859
7910jbluth@biocryst.com
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