eHealth, Inc. Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Rhea-AI Summary

eHealth, Inc. (Nasdaq: EHTH) announced on April 3, 2023, that it granted inducement stock unit awards to new senior executives, Ketan Babaria and Lara Sasken. Babaria's award includes 200,000 shares, vesting over four years, while Sasken received 137,564 shares, also vesting over four years. The grants were made under the Amended and Restated 2021 Inducement Plan and are in accordance with Nasdaq Listing Rule 5635(c)(4). For over 25 years, eHealth has provided consumers with online health insurance solutions through its platform, eHealth.com, connecting over eight million members with various coverage options.

Positive

• Inducement stock unit awards granted to new executives, potentially enhancing company leadership.
• Continued investment in talent may drive future growth and operational efficiency.

Negative

• None.

SANTA CLARA, Calif., April 7, 2023 /PRNewswire/ -- eHealth, Inc. (Nasdaq: EHTH) (eHealth.com), a leading private online health insurance marketplace (the "Company"), today announced that on April 3, 2023, the Compensation Committee of its Board of Directors granted inducement stock unit awards to Ketan Babaria, who joined the Company as Senior Vice President, Chief Digital Officer on January 21, 2023, and Lara Sasken, who joined the Company as Senior Vice President, Communications on February 4, 2023. Each of these awards was granted under the Company's Amended and Restated 2021 Inducement Plan (the "Inducement Plan") and otherwise will be subject to the terms and conditions of a stock unit agreement under the Inducement Plan.

Mr. Babaria's stock unit award covers 200,000 shares of the Company's common stock and will be subject to vesting over four years, with 25% vesting on the first anniversary of the vesting commencement date of January 10, 2023, and the remainder vesting in equal quarterly installments over the subsequent three years, subject to Mr. Babaria's continued service with the Company through the vesting date and potential acceleration upon certain terminations of employment.   

Ms. Sasken's stock unit award covers 137,564 shares of the Company's common stock and will be subject to vesting over four years, with 25% vesting on the first anniversary of the vesting commencement date of February 10, 2023, and the remainder vesting in equal quarterly installments over the subsequent three years, subject to Ms. Sasken's continued service with the Company through the vesting date and potential acceleration upon certain terminations of employment.   

The stock unit awards were granted as inducements material to each new employee's entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).

About eHealth, Inc.
For over 25 years, eHealth, Inc. (Nasdaq: EHTH) has expertly guided American consumers with innovative technology and licensed advisor support to help them find health insurance and related options. Through its proprietary health insurance marketplace at eHealth.com, eHealth has connected more than eight million members with quality, affordable coverage. eHealth offers Medicare Advantage, Medicare Supplement, Medicare Part D, individual, family, small business, and ancillary plans from approximately 200 health insurance companies nationwide. For more information about eHealth, please visit us at eHealth.com, or follow us on LinkedIn, Facebook, Instagram, and Twitter.

Media inquiries, please contact pr@ehealth.com

Investor Relations Contact:
Kate Sidorovich, CFA
Senior Vice President, Investor Relations & Strategy
Kate.Sidorovich@ehealth.com

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SOURCE eHealth, Inc.

FAQ

What recent stock unit awards were granted by eHealth, Inc. (EHTH)?

On April 3, 2023, eHealth, Inc. granted stock unit awards to Ketan Babaria and Lara Sasken, covering 200,000 and 137,564 shares respectively.

What is the vesting schedule for the stock awards at eHealth, Inc. (EHTH)?

The stock awards vest over four years, with 25% vesting on the first anniversary of their respective commencement dates.

Under what plan were the inducement stock awards granted to EHTH executives?

The awards were granted under the Amended and Restated 2021 Inducement Plan.

Why were inducement stock unit awards granted to EHTH executives?

The awards were granted as inducements material to each new employee's entering into employment with eHealth, in accordance with Nasdaq Listing Rule 5635(c)(4).