ESOPJul 1, 2026, 04:02 PM
Syndax Grants Inducement Awards for 250,700 Shares to New Employees
AI Summary
Syndax Pharmaceuticals announced it granted inducement awards to eight new employees on July 1, 2026. These awards allow the purchase of up to 250,700 shares of common stock under the company's 2023 Inducement Plan. The stock options will vest over four years, with 25% vesting on the one-year anniversary and the remainder vesting monthly over the subsequent 36 months, contingent on continued employment.
Key Highlights
- Granted inducement awards to eight new employees.
- Awards allow purchase of up to 250,700 shares of common stock.
- Awards granted under the Company's 2023 Inducement Plan.
- Stock options will vest over a four-year period.
- 25% of shares vest on the one-year anniversary of commencement date.
- Remaining shares vest monthly (1/48th) over 36 months.
Price Impact
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