Management ChangeJul 14, 2026, 04:28 PM
Geron Grants 1.7M Stock Option to New Chief Business Officer
AI Summary
Geron Corporation granted a stock option to purchase 1,700,000 shares of its common stock to Chinmaya Rath, the new Chief Business Officer. This award, with an exercise price of $1.42 per share, serves as an inducement for his employment and vests over four years. The grant was approved by the Compensation Committee in accordance with Nasdaq rules.
Key Highlights
- Geron granted a stock option for 1,700,000 shares to new CBO Chinmaya Rath.
- Option exercise price is $1.42 per share, matching closing price on grant date.
- The award vests over four years, with 12.5% after six months.
- The stock option has a ten-year term.
- Approved by Compensation Committee under Nasdaq Listing Rule 5635(c)(4).
Price Impact
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