MENLO
PARK, Calif., Dec. 3, 2024
/PRNewswire/ -- GRAIL, Inc. (Nasdaq: GRAL), a healthcare company
whose mission is to detect cancer early when it can be cured, today
announced that it has granted equity awards in the form of
restricted stock units ("RSUs") underlying an aggregate of 115,093
shares of GRAIL's common stock to 46 recently hired non-executive
employees as an inducement material to their acceptance of
employment with GRAIL. The employment inducement awards were
granted under GRAIL's Inducement Equity Incentive Plan and related
form of restricted stock award agreement in accordance with Nasdaq
Listing Rule 5635(c)(4).
The inducement plan is used exclusively for the grant of equity
awards to individuals who were not previously employees of GRAIL,
or following a bona fide period of non-employment, as an inducement
material to such individuals entering into employment with GRAIL,
pursuant to Nasdaq Listing Rule 5635(c)(4).
The RSUs vest over an approximately four year period, with
25% of the award vesting November 30,
2025, and on each one year anniversary of those respective
dates thereafter, subject to continued employment with GRAIL (or
any successor to or subsidiary of the Company) through the vesting
dates.
About GRAIL
GRAIL is a healthcare company whose
mission is to detect cancer early, when it can be cured. GRAIL is
focused on alleviating the global burden of cancer by using the
power of next-generation sequencing, population-scale clinical
studies, and state-of-the-art machine learning, software, and
automation to detect and identify multiple deadly cancer types in
earlier stages. GRAIL's targeted methylation-based platform can
support the continuum of care for screening and precision oncology,
including multi-cancer early detection in symptomatic patients,
risk stratification, minimal residual disease detection, biomarker
subtyping, treatment and recurrence monitoring. GRAIL is
headquartered in Menlo Park, CA
with locations in Washington,
D.C., North Carolina, and
the United Kingdom.
For more information, visit grail.com.
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SOURCE GRAIL, Inc.
