ESOPJul 2, 2026, 07:02 AM
Invivyd Grants 493,000 Stock Options to New Employees
AI Summary
Invivyd, Inc. announced the grant of stock options to 14 newly hired non-executive employees on July 1, 2026. These options cover an aggregate of 493,000 shares of common stock, serving as a material inducement for their employment. The options have an exercise price of $0.8544 per share, vest over four years, and have a 10-year term, in accordance with Nasdaq Listing Rule 5635(c)(4) and the company's 2026 Inducement Plan.
Key Highlights
- Invivyd granted options to 14 newly hired non-executive employees.
- Options cover an aggregate of 493,000 shares of common stock.
- The per share exercise price is $0.8544, based on the grant date closing price.
- Options vest over four years, with 25% vesting on the first anniversary.
- Remaining shares vest in equal monthly installments thereafter.
- Options have a 10-year term and are under the 2026 Inducement Plan.
Price Impact
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