Acadia Pharmaceuticals Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Rhea-AI Summary

Acadia Pharmaceuticals (NASDAQ: ACAD) has granted inducement awards to thirteen new employees under its 2024 Inducement Plan, as approved by the Compensation Committee on March 5, 2025. The awards include:

• 71,981 non-qualified stock options with an exercise price of $18.08 per share
• 42,159 restricted stock units (RSUs)

The stock options will vest over four years, with 25% vesting after one year and the remainder monthly over 36 months. The RSUs will vest over four years, with 50% vesting at the second anniversary and the remaining in two equal annual installments.

Acadia specializes in neuroscience breakthroughs and has developed FDA-approved treatments for Parkinson's disease psychosis and Rett syndrome. Their clinical-stage pipeline includes programs for Prader-Willi syndrome and Alzheimer's disease psychosis.

Positive

• FDA-approved treatments in market for both Parkinson's disease psychosis and Rett syndrome
• Multiple clinical-stage programs in development for significant conditions (Prader-Willi, Alzheimer's)
• Ability to attract new talent with equity compensation

Negative

• Dilutive effect of new equity grants totaling 114,140 shares

SAN DIEGO--(BUSINESS WIRE)-- Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) today announced that on March 5, 2025, the Compensation Committee of Acadia’s Board of Directors (the “Committee”) granted inducement awards consisting of non-qualified stock options to purchase 71,981 shares of common stock and 42,159 restricted stock units (“RSUs”) to thirteen new employees under Acadia’s 2024 Inducement Plan. The Compensation Committee approved the awards as an inducement material to the new employees’ employment in accordance with Nasdaq Listing Rule 5635(c)(4).

Each stock option has an exercise price per share equal to $18.08 per share, Acadia’s closing trading price on March 5, 2025, and will vest over four years, with 25% of the underlying shares vesting on the one-year anniversary of the grant date and the balance of the underlying shares vesting monthly thereafter over 36 months, subject to the new employees’ continued service relationship with Acadia through the applicable vesting dates. The RSUs will vest over four years, with 50% of the underlying shares vesting on the second anniversary of the grant date, and the balance of the underlying shares vesting in two equal annual installments measured from the second anniversary of the grant date, subject to the new employees’ continued service relationship with Acadia through the applicable vesting dates. The awards are subject to the terms and conditions of Acadia’s 2024 Inducement Plan and the terms and conditions of an applicable award agreement covering the grant.

About Acadia Pharmaceuticals

Acadia is advancing breakthroughs in neuroscience to elevate life. Since our founding we have been working at the forefront of healthcare to bring vital solutions to people who need them most. We developed and commercialized the first and only FDA-approved drug to treat hallucinations and delusions associated with Parkinson’s disease psychosis and the first and only approved drug in the United States and Canada for the treatment of Rett syndrome. Our clinical-stage development efforts are focused on Prader-Willi syndrome, Alzheimer’s disease psychosis and multiple other programs targeting neuroscience and neuro-rare diseases. For more information, visit us at Acadia.com and follow us on LinkedIn and X.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250314462775/en/

Investor Contact:

Acadia Pharmaceuticals Inc.

Al Kildani

(858) 261-2872

ir@acadia-pharm.com

Acadia Pharmaceuticals Inc.

Jessica Tieszen

(858) 261-2950

ir@acadia-pharm.com

Source: Acadia Pharmaceuticals Inc.

FAQ

What are the vesting terms for ACAD's new stock options granted on March 5, 2025?

The stock options vest over 4 years, with 25% vesting after year one and the remainder vesting monthly over 36 months.

How many shares and RSUs did ACAD grant in their March 2025 inducement awards?

ACAD granted options for 71,981 shares and 42,159 RSUs to thirteen new employees.

What is the exercise price for ACAD's March 2025 inducement stock options?

The exercise price is $18.08 per share, based on ACAD's closing price on March 5, 2025.

What are ACAD's main FDA-approved treatments as of 2025?

ACAD has FDA-approved treatments for hallucinations and delusions in Parkinson's disease psychosis and for Rett syndrome.