Voyager Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
10 July 2024 - 6:01AM
Voyager Therapeutics, Inc. (Nasdaq: VYGR), a biotechnology company
dedicated to advancing neurogenetic medicines, has entered into an
employment agreement with Nathan Jorgensen, Ph.D., M.B.A. that,
among other things, provides for the grant to Dr. Jorgensen of a
non-qualified stock option and restricted stock units as an
inducement material to Dr. Jorgensen’s entering into employment
with Voyager. The inducement awards were approved by the
Compensation Committee of Voyager’s Board of Directors in
accordance with Nasdaq Stock Market Listing Rule 5635(c)(4). The
option award became effective on July 8, 2024, and the restricted
stock unit award is scheduled to become effective on October 1,
2024.
The stock option award to Dr. Jorgensen provides for the
purchase of an aggregate of 200,000 shares of Voyager’s common
stock, and the restricted stock unit award to Dr. Jorgensen will
represent 80,000 shares of Voyager’s common stock. The stock option
has a ten-year term and an exercise price of $7.79 per share, which
is equal to the closing price of Voyager's common stock on July 8,
2024, the effective date of grant. The stock option vests over four
years, with 25% of the shares underlying the stock option vesting
on the first anniversary of the effective date of grant and 75% of
the shares underlying the stock option vesting in 36 equal monthly
installments following the first anniversary of the effective date
of grant. The restricted stock unit award vests annually in equal
installments over three years, beginning on the first anniversary
of the effective date of grant. Vesting of Dr. Jorgensen’s equity
awards is subject to Dr. Jorgensen’s continued employment with
Voyager. Each equity award is also subject to the terms and
conditions of an award agreement.
About Voyager TherapeuticsVoyager Therapeutics,
Inc. (Nasdaq: VYGR) is a biotechnology company dedicated to
leveraging the power of human genetics to modify the course of –
and ultimately cure – neurological diseases. Our pipeline includes
programs for Alzheimer’s disease, amyotrophic lateral sclerosis
(ALS), Parkinson’s disease, and multiple other diseases of the
central nervous system. Many of our programs are derived from our
TRACER™ AAV capsid discovery platform, which we have used to
generate novel capsids and identify associated receptors to
potentially enable high brain penetration with genetic medicines
following intravenous dosing. Some of our programs are wholly
owned, and some are advancing with partners including Alexion,
AstraZeneca Rare Disease; Novartis Pharma AG; Neurocrine
Biosciences, Inc.; and Sangamo Therapeutics, Inc. For more
information, visit www.voyagertherapeutics.com.
Voyager Therapeutics® is a registered trademark, and TRACER™ is
a trademark, of Voyager Therapeutics, Inc.
ContactsTrista Morrison, NACD.DC,
tmorrison@vygr.com Investors: Adam Bero, Ph.D., abero@kendallir.com
Media: Brooke Shenkin, brooke@scientpr.com
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