ESOPMay 15, 2026, 04:07 PM
Korro Bio Grants New Employee Stock Option for 3,000 Shares
AI Summary
Korro Bio, Inc. announced the grant of a non-statutory stock option to one newly hired employee. The option allows the purchase of 3,000 shares of common stock at an exercise price of $11.20 per share. This grant, effective May 13, 2026, has a ten-year term and vests over four years, with 25% vesting on the first anniversary and the remainder monthly. It was approved by the Compensation Committee as an inducement for employment.
Key Highlights
- Korro Bio granted a non-statutory stock option to one newly hired employee.
- The option allows the purchase of 3,000 shares of common stock.
- The exercise price is $11.20 per share.
- The grant was effective on May 13, 2026.
- The option has a ten-year term.
- Shares vest over four years, with 25% on the first anniversary.
- The grant was approved under Korro Bio's 2026 Inducement Plan.
Price Impact
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