Personalis Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
20 August 2024 - 6:05AM
Business Wire
Personalis, Inc. (Nasdaq: PSNL), a leader in advanced genomics
for precision oncology, today announced that the Compensation
Committee of its Board of Directors granted, on August 15, 2024, a
non-qualified stock option to purchase an aggregate of 75,000
shares of its common stock to Personalis’ new Executive Director,
Market Access & Reimbursement under Personalis’ 2020 Inducement
Plan.
The 2020 Inducement Plan is used exclusively for the grant of
equity awards to individuals who were not previously an employee,
or non-employee director, of Personalis, as an inducement material
to such individual’s entering into employment with Personalis,
pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules. Personalis
is making this announcement as required by Nasdaq rules.
The inducement stock option granted on August 15, 2024 has an
exercise price of $5.07 per share, which is equal to the closing
price of Personalis’ common stock on the grant date. The inducement
stock option vests over four years, with 25% of the shares vesting
on the first anniversary of the grant date and 1/36th of the
remaining shares vesting monthly thereafter, subject to continued
service through each applicable vesting date. The foregoing
inducement award is subject to the terms and conditions of
Personalis’ 2020 Inducement Plan, and the terms and conditions of
the applicable award agreement covering the grant.
About Personalis, Inc.
At Personalis, we are transforming the active management of
cancer through breakthrough personalized testing. We aim to drive a
new paradigm for cancer management, guiding care from biopsy
through the life of the patient. Our highly sensitive assays
combine tumor-and-normal profiling with proprietary algorithms to
deliver advanced insights even as cancer evolves over time. Our
products are designed to detect minimal residual disease (MRD) and
recurrence at the earliest timepoints, enable the selection of
targeted therapies based on ultra-comprehensive genomic profiling,
and enhance biomarker strategy for drug development. Personalis is
based in Fremont, California. To learn more, visit
www.personalis.com and connect with us on LinkedIn and X
(Twitter).
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version on businesswire.com: https://www.businesswire.com/news/home/20240819610812/en/
Investor Relations Contact: Caroline Corner
investors@personalis.com 415-202-5678
Media: pr@personalis.com
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