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Gossamer Bio Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

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Gossamer Bio, a clinical-stage biopharmaceutical company, announced the approval of non-qualified stock option awards for five new non-executive employees. The Compensation Committee of Gossamer's Board of Directors granted options to purchase up to 221,000 shares of the company's common stock under the 2023 Employment Inducement Incentive Award Plan. These awards, granted on October 4, 2024, are in accordance with Nasdaq Listing Rule 5635(c)(4).

The options have an exercise price of $1.07 per share, equal to the closing price of Gossamer's common stock on the grant date. They have a ten-year term and will vest over four years, with 25% vesting on the one-year anniversary and the remainder vesting in 36 monthly installments, subject to continued employment.

Gossamer Bio, un'azienda biofarmaceutica in fase clinica, ha annunciato l'approvazione di premi in opzioni su azioni non qualificate per cinque nuovi dipendenti non esecutivi. Il Comitato di Compensazione del Consiglio di Amministrazione di Gossamer ha concesso opzioni per acquistare fino a 221.000 azioni delle azioni ordinarie della società secondo il Piano Incentivo di Induzione all'Occupazione 2023. Questi premi, concessi il 4 ottobre 2024, sono in conformità con la Regola di Quotazione Nasdaq 5635(c)(4).

Le opzioni hanno un prezzo di esercizio di $1,07 per azione, pari al prezzo di chiusura delle azioni ordinarie di Gossamer nella data di concessione. Hanno un termine di dieci anni e si consolidano in quattro anni, con il 25% che si consolida al primo anniversario e il resto che si consolida in 36 rate mensili, soggetto a un'occupazione continuativa.

Gossamer Bio, una empresa biofarmacéutica en etapa clínica, anunció la aprobación de premios de opciones sobre acciones no calificadas para cinco nuevos empleados no ejecutivos. El Comité de Compensación de la Junta Directiva de Gossamer otorgó opciones para comprar hasta 221,000 acciones de las acciones comunes de la compañía bajo el Plan de Incentivos por Inducción al Empleo 2023. Estos premios, otorgados el 4 de octubre de 2024, están en conformidad con la Regla de Cotización de Nasdaq 5635(c)(4).

Las opciones tienen un precio de ejercicio de $1.07 por acción, igual al precio de cierre de las acciones comunes de Gossamer en la fecha de otorgamiento. Tienen un plazo de diez años y se consolidarán en cuatro años, con el 25% consolidándose en el primer aniversario y el resto en 36 cuotas mensuales, sujeto a la continuidad del empleo.

임상 단계의 생명공학 회사인 Gossamer Bio는 다섯 명의 비임원 직원에 대한 비적격 주식 옵션 수상 승인을 발표했습니다. Gossamer 이사회 보상 위원회는 2023 고용 유인 인센티브 수상 계획에 따라 회사의 보통주 221,000주를 구매할 수 있는 옵션을 부여했습니다. 이 상은 2024년 10월 4일에 부여되었으며 Nasdaq 상장 규정 5635(c)(4)에 따라 이루어진 것입니다.

옵션의 행사 가격은 주당 $1.07로, 부여일의 Gossamer 보통주 종가와 동일합니다. 이 옵션은 10년의 기간을 가지며 4년에 걸쳐 행사될 예정이며, 1년 경과 시 25%가 행사되고 나머지는 연속 재직을 조건으로 36개월에 걸쳐 월별로 행사됩니다.

Gossamer Bio, une entreprise biopharmaceutique en phase clinique, a annoncé l'approbation d'attributions d'options d'achat d'actions non qualifiées pour cinq nouveaux employés non exécutifs. Le Comité de Rémunération du Conseil d'Administration de Gossamer a accordé des options d'achat allant jusqu'à 221 000 actions de l'action ordinaire de la société dans le cadre du Plan d'Incentive d'Induction à l'Emploi 2023. Ces attributions, accordées le 4 octobre 2024, sont conformes à la Règle de Cotation Nasdaq 5635(c)(4).

Les options ont un prix d'exercice de 1,07 $ par action, équivalant au prix de clôture de l'action ordinaire de Gossamer à la date d'attribution. Elles ont une durée de dix ans et s'acquittent sur quatre ans, avec 25 % qui s'acquittent au premier anniversaire et le reste en 36 versements mensuels, sous réserve d'un emploi continu.

Gossamer Bio, ein biopharmazeutisches Unternehmen in der klinischen Phase, kündigte die Genehmigung von nicht qualifizierten Aktienoptionsauszeichnungen für fünf neue nicht-executive Mitarbeiter an. Der Vergütungsausschuss des Vorstands von Gossamer hat Optionen zum Kauf von bis zu 221.000 Aktien der Stammaktien des Unternehmens im Rahmen des Plans zur Beschäftigungsanreizvergütung 2023 gewährt. Diese Auszeichnungen wurden am 4. Oktober 2024 vergeben und entsprechen der Nasdaq-Listing-Regel 5635(c)(4).

Die Optionen haben einen Ausübungspreis von $1,07 pro Aktie, was dem Schlusskurs der Stammaktien von Gossamer am Grantdatum entspricht. Sie haben eine Laufzeit von zehn Jahren und verfallen über einen Zeitraum von vier Jahren, wobei 25 % am ersten Jahrestag und der Rest in 36 monatlichen Raten, vorbehaltlich einer fortdauernden Beschäftigung, fällig wird.

Positive
  • Attracting new talent with stock options can align employee interests with company goals
  • The company is expanding its workforce, potentially indicating growth or new initiatives
Negative
  • Potential dilution of existing shareholders' stock value due to new stock options
  • Low stock price of $1.07 per share may indicate current market challenges for the company

SAN DIEGO--(BUSINESS WIRE)-- Gossamer Bio, Inc. (Nasdaq: GOSS), a clinical-stage biopharmaceutical company focused on the development and commercialization of seralutinib for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD), today announced that the Compensation Committee of Gossamer’s Board of Directors approved the grant, effective October 4, 2024, to five new non-executive employees of non-qualified stock option awards to purchase up to an aggregate of 221,000 shares of the Company’s common stock under the Gossamer Bio, Inc. 2023 Employment Inducement Incentive Award Plan (“2023 Inducement Plan”). The awards were granted as an inducement material to the employees entering into employment with Gossamer in accordance with Nasdaq Listing Rule 5635(c)(4).

The options have an exercise price of $1.07 per share, which is equal to the closing price of Gossamer’s common stock as reported by The Nasdaq Global Select Market on October 4, 2024. The options have a ten-year term and will vest over four years, with 25% vesting on the one-year anniversary of the applicable vesting commencement date and the balance of the shares vesting in a series of 36 successive monthly installments thereafter, subject to each employee’s continued employment with Gossamer on such vesting dates. The options are subject to the terms and conditions of the 2023 Inducement Plan and the terms and conditions of a stock option agreement covering the grants.

About Gossamer Bio

Gossamer Bio is a clinical-stage biopharmaceutical company focused on the development and commercialization of seralutinib for the treatment of pulmonary hypertension. Its goal is to be an industry leader in, and to enhance the lives of patients living with, pulmonary hypertension.

For Investors and Media:

Bryan Giraudo, Chief Operating Officer and Chief Financial Officer

Gossamer Bio Investor Relations

ir@gossamerbio.com

Source: Gossamer Bio, Inc.

FAQ

How many shares of Gossamer Bio (GOSS) stock were granted in the inducement awards on October 4, 2024?

Gossamer Bio granted non-qualified stock options to purchase up to an aggregate of 221,000 shares of the company's common stock to five new non-executive employees.

What is the exercise price for the Gossamer Bio (GOSS) stock options granted on October 4, 2024?

The exercise price for the stock options granted is $1.07 per share, which was equal to the closing price of Gossamer's common stock on October 4, 2024.

What is the vesting schedule for the Gossamer Bio (GOSS) stock options granted in the inducement awards?

The options vest over four years, with 25% vesting on the one-year anniversary of the vesting commencement date and the remaining 75% vesting in 36 successive monthly installments thereafter, subject to continued employment.

Under which plan were the Gossamer Bio (GOSS) inducement stock options granted?

The stock options were granted under the Gossamer Bio, Inc. 2023 Employment Inducement Incentive Award Plan.

Gossamer Bio, Inc.

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Biotechnology
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SAN DIEGO