StockWatch
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Biotechnology: Pharmaceutical Preparations
Corporate GovernanceJul 30, 2026, 04:53 PM

Oric Pharmaceuticals Increases Inducement Equity Plan Shares

AI Summary

Oric Pharmaceuticals' Board of Directors approved an amendment to its 2022 Inducement Equity Incentive Plan, increasing the shares reserved for issuance. An additional 1,100,000 shares were added, bringing the total to 3,350,000 shares. This action was taken without stockholder approval, in accordance with applicable Nasdaq Listing Rules, to facilitate the granting of equity awards to new employees as an inducement for employment.

Key Highlights

  • Board approved the Amended and Restated 2022 Inducement Equity Incentive Plan.
  • An additional 1,100,000 shares were reserved for issuance under the plan.
  • The total number of shares reserved for issuance is now 3,350,000.
  • The plan was adopted without stockholder approval, per Nasdaq Listing Rules.
  • Awards are primarily for new employees as an inducement to join the company.