ESOPJul 10, 2026, 04:06 PM
Korro Bio Grants Stock Options to Seven New Employees
AI Summary
Korro Bio, Inc. announced the grant of non-statutory stock options to seven newly hired employees. Four employees received options for an aggregate of 6,000 shares at an exercise price of $10.59 per share, while three employees received options for an aggregate of 17,000 shares at $14.72 per share. These options have a ten-year term and vest over four years, with 25% vesting on the first anniversary and the remainder in monthly installments. The grants were approved by Korro's independent Compensation Committee under the 2026 Inducement Plan as an inducement for employment.
Key Highlights
- Granted non-statutory stock options to seven newly hired employees.
- Four employees received options to purchase 6,000 shares in aggregate.
- Exercise price for the first group was $10.59 per share, granted June 10, 2026.
- Three employees received options to purchase 17,000 shares in aggregate.
- Exercise price for the second group was $14.72 per share, granted July 8, 2026.
- Options have a ten-year term and vest over four years.
- Grants were approved by the Compensation Committee under Korro's 2026 Inducement Plan.
- Options were made as an inducement for employment per Nasdaq Listing Rule 5635(c)(4).
Price Impact
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