Verve Therapeutics Announces Inducement Grants under Nasdaq Listing Rule 5635(c)(4)
04 March 2025 - 8:05AM
Verve Therapeutics, a clinical-stage company developing a new class
of genetic medicines for cardiovascular disease, today announced
that on February 28, 2025, the company granted equity awards to
four new employees, pursuant to the company’s 2024 Inducement Stock
Incentive Plan, as an inducement material to each new employee
entering into employment with the company in accordance with Nasdaq
Listing Rule 5635(c)(4).
The employees received stock options to purchase an
aggregate of 14,300 shares of the company’s common stock and an
aggregate of 20,100 restricted stock units (RSUs). The options have
an exercise price of $6.33 per share, which is equal to the closing
price of the company’s common stock on the date of grant. Each
option has a 10-year term and will vest over a period of four
years, with 25% of the shares vesting on the one-year anniversary
of the grant date and the remainder vesting in equal monthly
installments over the following three years, subject to each such
employee’s continued service with the company on each such vesting
date. The RSUs will vest in equal annual installments on the first
three anniversaries of April 1, 2025, subject to each such
employee’s continued service with the company on each such vesting
date.
About Verve
Therapeutics Verve Therapeutics, Inc. (Nasdaq: VERV)
is a clinical-stage company developing a new class of genetic
medicines for cardiovascular disease with the potential to
transform treatment from chronic therapies to single-course gene
editing medicines. The company’s lead programs –VERVE-102,
VERVE-201, and VERVE-301 – target the three cholesterol drivers of
atherosclerosis: LDL-C, remnant cholesterol, and Lp(a). VERVE-102
is designed to permanently turn off the PCSK9 gene in the
liver and is being developed initially for heterozygous familial
hypercholesterolemia (HeFH) and ultimately to treat patients with
established atherosclerotic cardiovascular disease (ASCVD) who
continue to be impacted by high LDL-C levels. VERVE-201 is designed
to permanently turn off the ANGPTL3 gene in the liver and
is initially being developed for refractory hypercholesterolemia,
where patients still have high LDL-C despite treatment with
maximally tolerated standard of care therapies, and homozygous
familial hypercholesterolemia (HoFH). VERVE-301 is designed to
permanently turn off the LPA gene to reduce Lp(a) levels.
Lp(a) is a genetically validated, independent risk factor for
ASCVD, ischemic stroke, thrombosis, and aortic stenosis. For more
information, please visit www.VerveTx.com.
Investor ContactJen RobinsonVerve
Therapeutics, Inc.jrobinson@vervetx.com
Media ContactAshlea
Kosikowski1ABashlea@1abmedia.com
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