ESOPJun 4, 2026, 04:02 PM
Syndax Pharmaceuticals Grants 66,700 Stock Options to New Employees
AI Summary
Syndax Pharmaceuticals announced it granted inducement awards to four new employees on June 1, 2026. These awards allow the purchase of up to 66,700 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, subject to continued employment.
Key Highlights
- Syndax Pharmaceuticals granted inducement awards for up to 66,700 shares of common stock.
- Awards were granted to four new employees on June 1, 2026.
- The grants were made 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 the commencement date.
- 1/48th of shares vest monthly thereafter over 36 months.
- Vesting is contingent on the employee's continued service relationship.
Price Impact
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