ESOPMay 6, 2026, 04:02 PM
Syndax Grants 162,100 Stock Options to 8 New Employees
AI Summary
Syndax Pharmaceuticals announced it granted inducement awards to eight new employees on May 1, 2026. These awards allow the purchase of up to 162,100 shares of common stock under the Company's 2023 Inducement Plan. The stock options will vest over four years, with an initial 25% vesting after one year, followed by monthly vesting over the subsequent 36 months, contingent on continued employment.
Key Highlights
- Syndax granted inducement awards for up to 162,100 shares of common stock.
- Awards were granted to eight new employees.
- Stock options vest over four years.
- 25% of shares vest on the one-year anniversary of the vesting commencement date.
- 1/48th of shares vest monthly thereafter over 36 months.
- Vesting is subject to continued employee service.
Price Impact
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