StockWatch
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Biotechnology: Biological Products (No Diagnostic Substances)
ESOPMay 22, 2026, 05:16 PM

Iovance Grants 93,340 Inducement Stock Options to 13 New Employees

AI Summary

Iovance Biotherapeutics, Inc. announced the grant of inducement stock options for an aggregate of 93,340 shares of its common stock to thirteen new, non-executive employees on May 21, 2026. These awards were issued under the company's Amended and Restated 2021 Inducement Plan, adhering to Nasdaq Listing Rule 5635(c)(4). Each option has an exercise price of $3.70, matching the closing price on the grant date, and vests over a three-year period, subject to continued employment.

Key Highlights

  • Iovance granted inducement stock options covering 93,340 shares of common stock.
  • Awards were granted to thirteen new, non-executive employees.
  • The exercise price for each stock option is $3.70.
  • Options were granted on May 21, 2026, under the 2021 Inducement Plan.
  • Each stock option vests over a three-year period.