ESOPMay 18, 2026, 04:16 PM
Zenas Grants 51,075 RSUs to New Hires as Employment Inducement
AI Summary
Zenas BioPharma, Inc. announced that its Compensation Committee granted an aggregate of 51,075 restricted stock units (RSUs) to newly hired employees on May 15, 2026. These grants serve as an inducement for their employment, in accordance with Nasdaq Listing Rule 5635(c)(4). The RSUs will vest in four equal installments over a four-year period, contingent on the employees' continued service, with the first vesting occurring on May 15, 2027.
Key Highlights
- Zenas granted 51,075 restricted stock units (RSUs) to newly hired employees.
- The grants were made on May 15, 2026, as an inducement for employment.
- RSUs will vest in four equal installments over a four-year period.
- First vesting of 25% of RSUs occurs on May 15, 2027.
- Grants are subject to employees' continued service with Zenas.
- The inducement grants were made under the Company's 2026 Inducement Plan.
Price Impact
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