Xeris Announces Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)
October 04 2024 - 3:05PM
Business Wire
Xeris Biopharma Holdings, Inc. (Nasdaq: XERS), a growth-oriented
biopharmaceutical company committed to improving patient lives by
developing and commercializing innovative products across a range
of therapies, today announced that on October 1, 2024, the
Compensation Committee of Xeris’ Board of Directors granted
restricted stock units for an aggregate of 364,000 shares of its
common stock to 42 new employee(s) under Xeris’ Inducement Equity
Plan.
Xeris’ Inducement Equity Plan is used exclusively for the grant
of equity awards to individuals who were not previously employed by
Xeris or one of its subsidiaries as an inducement material to such
individual's entering into employment with Xeris or one of its
subsidiaries, pursuant to Rule 5635(c)(4) of the NASDAQ Listing
Rules. The restricted stock units will vest over a period of three
years in equal annual installments and are subject to the
employees’ continued employment with Xeris or one of its
subsidiaries. All equity awards are subject to the terms and
conditions of Xeris’ Inducement Equity Plan and forms of award
agreements covering the grants.
About Xeris
Xeris (Nasdaq: XERS) is a growth-oriented biopharmaceutical
company committed to improving patient lives by developing and
commercializing innovative products across a range of therapies.
Xeris has three commercially available products: Gvoke®, a
ready-to-use liquid glucagon for the treatment of severe
hypoglycemia, Keveyis®, a proven therapy for primary periodic
paralysis, and Recorlev® for the treatment of endogenous Cushing’s
syndrome. Xeris also has a pipeline of development programs using
its proprietary formulation technology platforms, XeriSol™ and
XeriJect®, supporting long-term product development and commercial
success.
Xeris Biopharma Holdings is headquartered in Chicago, IL. For
more information, visit www.xerispharma.com, or follow us on X,
LinkedIn, or Instagram.
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version on businesswire.com: https://www.businesswire.com/news/home/20241004364483/en/
Investor Contact Allison Wey Senior Vice President,
Investor Relations and Corporate Communications
awey@xerispharma.com
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