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CareDx Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)
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CareDx, Inc. (Nasdaq: CDNA) announced the award of 54,350 restricted stock units (RSUs) to 17 new employees as an inducement for employment. The RSUs were granted under the 2019 Inducement Equity Incentive Plan and vest over different periods based on the number of shares awarded.
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BRISBANE, Calif.--(BUSINESS WIRE)--
CareDx, Inc. (Nasdaq: CDNA) – The Transplant Company™ — a leading precision medicine company focused on the discovery, development, and commercialization of clinically differentiated, high-value healthcare solutions for transplant patients and caregivers — today announced that, as an inducement material to entering into employment with CareDx, on April 19, 2024, 17 new employees were awarded restricted stock units (RSUs) for an aggregate of 54,350 shares of common stock. The RSUs were granted pursuant to the Company’s 2019 Inducement Equity Incentive Plan, which was approved by the Compensation Committee of the Board of Directors in August 2019 under Nasdaq Listing Rule 5635(c)(4).
RSUs for an aggregate of 43,350 shares vest over four years, with 25% of the RSUs vesting on the first anniversary of the applicable vesting commencement date, and the balance vesting annually thereafter in three equal installments, subject to the grantee’s continued service through each applicable vesting date. RSUs for an aggregate of 8,000 shares vest over three years, with 33.33% of the RSUs vesting on the first anniversary of the applicable vesting commencement date, and the balance vesting quarterly over two years thereafter, subject to the grantee’s continued service through each applicable vesting date. RSUs for 1,000 shares vest over two years, with 50% of the RSUs vesting on each of the first two anniversaries of the applicable vesting commencement date, subject to the grantee’s continued service through each applicable vesting date. RSUs for 2,000 shares vest on the one-year anniversary of the applicable vesting commencement date, subject to the grantee’s continued service through such date.
CareDx is providing this information in accordance with Nasdaq Listing Rule 5635(c)(4).
About CareDx – The Transplant Company
CareDx, Inc., headquartered in Brisbane, California, is a leading precision medicine solutions company focused on the discovery, development, and commercialization of clinically differentiated, high-value healthcare solutions for transplant patients and caregivers. CareDx offers testing services, products, and digital healthcare solutions along the pre- and post-transplant patient journey and is the leading provider of genomics-based information for transplant patients. For more information, please visit: www.CareDx.com.
Forward Looking Statements
This press release includes forward-looking statements related to CareDx, Inc., including statements regarding the equity grants. These forward-looking statements are based upon information that is currently available to CareDx and its current expectations, speak only as of the date hereof, and are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including general economic and market factors; and other risks discussed in CareDx’s filings with the SEC, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed by CareDx with the SEC on February 28, 2024, and other reports that CareDx has filed with the SEC. Any of these may cause CareDx’s actual results, performance, or achievements to differ materially and adversely from those anticipated or implied by CareDx’s forward-looking statements. CareDx expressly disclaims any obligation, except as required by law, or undertaking to update or revise any such forward-looking statements.
How many restricted stock units (RSUs) were awarded to new employees at CareDx?
CareDx awarded 54,350 restricted stock units (RSUs) to 17 new employees as an inducement for employment.
What is the total number of shares of common stock covered by the RSUs granted by CareDx?
The RSUs cover an aggregate of 54,350 shares of common stock granted by CareDx.
Under which plan were the RSUs granted by CareDx?
The RSUs were granted under the Company’s 2019 Inducement Equity Incentive Plan approved by the Compensation Committee of the Board of Directors in August 2019.
