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

Rhea-AI Summary

BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) granted stock options and restricted stock units to eight newly-hired employees. The options and RSUs total 48,700 and 34,000 shares, respectively, with an exercise price of $5.99 per share. Vesting occurs in four equal annual installments, subject to continued service, with each option having a 10-year term.

RESEARCH TRIANGLE PARK, N.C., Jan. 03, 2024 (GLOBE NEWSWIRE) -- BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) today announced that the compensation committee of BioCryst’s board of directors granted eight newly-hired employees stock options to purchase an aggregate of 48,700 shares, and restricted stock units (RSUs) covering an aggregate of 34,000 shares, of BioCryst common stock. The options and RSUs were granted as of December 29, 2023, as inducements material to each employee entering into employment with BioCryst. The options and RSUs were granted in accordance with Nasdaq Listing Rule 5635(c)(4).

The options have an exercise price of $5.99 per share, which is equal to the closing price of BioCryst common stock on the grant date. The options and RSUs vest in four equal annual installments beginning on the one-year anniversary of the grant date, in each case subject to the new employee’s continued service with the company. Each stock option has a 10-year term. The options and RSUs are subject to the terms and conditions of BioCryst’s Inducement Equity Incentive Plan and a stock option agreement or restricted stock unit agreement, as applicable, covering the grant.

About BioCryst Pharmaceuticals
BioCryst Pharmaceuticals is a global biotechnology company with a deep commitment to improving the lives of people living with complement-mediated and other rare diseases. BioCryst leverages its expertise in structure-guided drug design to develop first-in-class or best-in-class oral small-molecule and protein therapeutics to target difficult-to-treat diseases. BioCryst has commercialized ORLADEYO^® (berotralstat), the first oral, once-daily plasma kallikrein inhibitor, and is advancing a pipeline of small-molecule and protein therapies. For more information, please visit www.biocryst.com or follow us on LinkedIn.

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Contact:
John Bluth
+1 919 859 7910
jbluth@biocryst.com

FAQ

How many shares of stock options were granted by BioCryst Pharmaceuticals, Inc. to newly-hired employees?

BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) granted a total of 48,700 shares of stock options to eight newly-hired employees.

What is the exercise price of the stock options granted by BioCryst Pharmaceuticals, Inc.?

The exercise price of the stock options granted by BioCryst Pharmaceuticals, Inc. is $5.99 per share.

How do the options and RSUs vest for the newly-hired employees of BioCryst Pharmaceuticals, Inc.?

The options and RSUs vest in four equal annual installments beginning on the one-year anniversary of the grant date, subject to the new employee’s continued service with the company.

What is the ticker symbol of BioCryst Pharmaceuticals, Inc.?

The ticker symbol of BioCryst Pharmaceuticals, Inc. is BCRX.