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Akebia Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

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Akebia Therapeutics (Nasdaq: AKBA), a biopharmaceutical company focused on kidney disease, has granted stock options to a newly-hired employee as an inducement for employment. The grant, made on September 30, 2024, includes options to purchase 111,600 shares of Akebia's common stock at an exercise price of $1.32 per share, equal to the closing price on the grant date.

The options are structured with a four-year vesting period, with 25% vesting after one year and the remaining 75% vesting quarterly thereafter, contingent on continued employment. These options have a 10-year term and are subject to Akebia's inducement award program and a stock option agreement. The grant was made in compliance with Nasdaq Listing Rule 5635(c)(4).

Akebia Therapeutics (Nasdaq: AKBA), un'azienda biudilitica focalizzata sulle malattie renali, ha concesso opzioni azionarie a un nuovo dipendente come incentivo per l'assunzione. L'assegnazione, effettuata il 30 settembre 2024, comprende opzioni per l'acquisto di 111.600 azioni ordinarie di Akebia a un prezzo di esercizio di 1,32 $ per azione, equivalente al prezzo di chiusura nella data di concessione.

Le opzioni sono strutturate con un periodo di vesting di quattro anni, con il 25% che matura dopo un anno e il restante 75% che matura trimestralmente successivamente, a condizione di un'occupazione continua. Queste opzioni hanno un termine di 10 anni e sono soggette al programma di premi per incentivi di Akebia e a un accordo sulle opzioni azionarie. L'assegnazione è stata effettuata nel rispetto della Regola di Quotazione Nasdaq 5635(c)(4).

Akebia Therapeutics (Nasdaq: AKBA), una empresa biofarmacéutica enfocada en enfermedades renales, ha otorgado opciones sobre acciones a un nuevo empleado como incentivo para el empleo. La concesión, realizada el 30 de septiembre de 2024, incluye opciones para comprar 111,600 acciones ordinarias de Akebia a un precio de ejercicio de $1.32 por acción, igual al precio de cierre en la fecha de concesión.

Las opciones están estructuradas con un período de consolidación de cuatro años, con el 25% consolidándose después de un año y el 75% restante consolidándose trimestralmente a partir de entonces, condicionado a la continuidad del empleo. Estas opciones tienen un plazo de 10 años y están sujetas al programa de otorgamiento de incentivos de Akebia y a un acuerdo de opciones sobre acciones. La concesión se realizó en cumplimiento de la Regla de Listado Nasdaq 5635(c)(4).

Akebia Therapeutics (Nasdaq: AKBA), 신장 질환에 중점을 둔 생명공학 회사가 신규 고용자에게 고용 유인을 위해 주식 옵션을 부여했습니다. 2024년 9월 30일에 이루어진 이번 옵션 부여에는 111,600주의 Akebia 보통주를 주당 1.32달러의 행사 가격으로 구매할 수 있는 옵션이 포함되어 있으며, 이는 부여 날짜의 종가와 같습니다.

이 옵션은 4년의 베스팅 기간으로 구조화되어 있으며, 1년 후에 25%가 베스팅되고 나머지 75%는 이후 분기별로 베스팅됩니다. 이러한 옵션은 10년의 만기를 가지며, Akebia의 인센티브 수여 프로그램과 주식 옵션 계약의 적용을 받습니다. 이번 부여는 Nasdaq 상장 규칙 5635(c)(4)를 준수하여 이루어졌습니다.

Akebia Therapeutics (Nasdaq: AKBA), une entreprise biopharmaceutique spécialisée dans les maladies rénales, a accordé des options sur actions à un nouvel employé comme incitation à l'embauche. L'octroi, effectué le 30 septembre 2024, comprend des options d'achat de 111 600 actions ordinaires d'Akebia à un prix d'exercice de 1,32 $ par action, équivalent au prix de clôture à la date de l'octroi.

Les options sont structurées avec une période d'acquisition de quatre ans, avec 25 % acquises après un an et les 75 % restants acquises trimestriellement par la suite, sous réserve de maintien de l'emploi. Ces options ont une durée de 10 ans et sont soumises au programme de récompense d'incitation d'Akebia et à un accord d'options sur actions. L'octroi a été effectué conformément à la règle d'inscription Nasdaq 5635(c)(4).

Akebia Therapeutics (Nasdaq: AKBA), ein biopharmazeutisches Unternehmen, das sich auf Nierenerkrankungen spezialisiert hat, hat einem neu eingestellten Mitarbeiter Aktienoptionen als Anreiz für die Anstellung gewährt. Die Gewährung fand am 30. September 2024 statt und umfasst Optionen zum Kauf von 111.600 Aktien der Stammaktien von Akebia zu einem Ausübungspreis von 1,32 $ pro Aktie, was dem Schlusskurs am Gewährungsdatum entspricht.

Die Optionen sind mit einem vierjährigen Vesting-Zeitraum strukturiert, wobei 25 % nach einem Jahr und die verbleibenden 75 % anschließend vierteljährlich vesten, vorausgesetzt, das Arbeitsverhältnis bleibt bestehen. Diese Optionen haben eine Laufzeit von 10 Jahren und unterliegen dem Anreizvergütungsprogramm von Akebia sowie einer Aktienoptionsvereinbarung. Die Gewährung erfolgte in Übereinstimmung mit der Nasdaq-Listungsregel 5635(c)(4).

Positive
  • Akebia Therapeutics is attracting new talent with stock options as employment incentives
  • The company's stock price closed at $1.32 on September 30, 2024
Negative
  • Potential shareholder dilution due to the issuance of 111,600 new stock options

CAMBRIDGE, Mass., Oct. 1, 2024 /PRNewswire/ -- Akebia Therapeutics®, Inc. (Nasdaq: AKBA), a biopharmaceutical company with the purpose to better the lives of people impacted by kidney disease, granted one newly-hired employee options to purchase an aggregate of 111,600 shares of Akebia's common stock on September 30, 2024. The options were granted as an inducement material to the employee entering into employment with Akebia. The options were granted in accordance with Nasdaq Listing Rule 5635(c)(4).

The options have an exercise price of $1.32 per share, which is equal to the closing price of Akebia's common stock on the grant date. The stock options vest over four years, with 25% of the shares vesting on the first anniversary of the grant date and the remaining 75% of shares vesting quarterly thereafter, in each case, subject to the new employee's continued service with Akebia. Each stock option has a 10-year term and is subject to the terms and conditions of Akebia's inducement award program and a stock option agreement covering the grant.

About Akebia Therapeutics
Akebia Therapeutics, Inc. is a fully integrated biopharmaceutical company with the purpose to better the lives of people impacted by kidney disease. Akebia was founded in 2007 and is headquartered in Cambridge, Massachusetts. For more information, please visit our website at www.akebia.com, which does not form a part of this release.

Akebia Therapeutics Contact
Mercedes Carrasco
mcarrasco@akebia.com 

 

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SOURCE Akebia Therapeutics, Inc.

FAQ

How many shares of stock options did Akebia Therapeutics (AKBA) grant to the new employee?

Akebia Therapeutics granted options to purchase 111,600 shares of common stock to a newly-hired employee on September 30, 2024.

What is the exercise price of the stock options granted by Akebia Therapeutics (AKBA)?

The stock options were granted with an exercise price of $1.32 per share, equal to the closing price of Akebia's common stock on the grant date, September 30, 2024.

What is the vesting schedule for the stock options granted by Akebia Therapeutics (AKBA)?

The stock options vest over four years, with 25% vesting on the first anniversary of the grant date and the remaining 75% vesting quarterly thereafter, subject to the employee's continued service with Akebia.

Under which Nasdaq rule did Akebia Therapeutics (AKBA) grant these inducement options?

The stock options were granted in accordance with Nasdaq Listing Rule 5635(c)(4), which allows for inducement grants to new employees.

Akebia Therapeutics, Inc.

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