Nurix Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Nurix Therapeutics (NRIX) has granted inducement awards to 13 new employees on March 11, 2025, as approved by the company's Compensation Committee under Nasdaq Listing Rule 5635(c)(4). The awards include:
- Stock options to purchase 157,150 shares with a 10-year term and $13.90 exercise price
- Restricted stock unit awards (RSUs) representing 107,500 shares
The stock options vest over 4 years, with 25% vesting after one year and the remainder vesting monthly. RSUs also vest over 4 years, with 25% vesting on April 30, 2026, and the remainder vesting quarterly. Both awards require continued employment with Nurix for vesting.
Nurix Therapeutics (NRIX) ha concesso premi di induzione a 13 nuovi dipendenti l'11 marzo 2025, come approvato dal Comitato per la Compensazione dell'azienda secondo la Regola di Quotazione Nasdaq 5635(c)(4). I premi includono:
- Opzioni su azioni per l'acquisto di 157.150 azioni con un termine di 10 anni e un prezzo di esercizio di $13,90
- Premi in azioni vincolate (RSU) che rappresentano 107.500 azioni
Le opzioni su azioni maturano in 4 anni, con il 25% che matura dopo un anno e il restante che matura mensilmente. Anche le RSU maturano in 4 anni, con il 25% che matura il 30 aprile 2026 e il resto che matura trimestralmente. Entrambi i premi richiedono un impiego continuativo con Nurix per la maturazione.
Nurix Therapeutics (NRIX) ha otorgado premios de inducción a 13 nuevos empleados el 11 de marzo de 2025, según lo aprobado por el Comité de Compensación de la empresa bajo la Regla de Cotización de Nasdaq 5635(c)(4). Los premios incluyen:
- Opciones sobre acciones para comprar 157,150 acciones con un plazo de 10 años y un precio de ejercicio de $13.90
- Premios de unidades de acciones restringidas (RSUs) que representan 107,500 acciones
Las opciones sobre acciones se consolidan en 4 años, con el 25% consolidándose después de un año y el resto consolidándose mensualmente. Las RSUs también se consolidan en 4 años, con el 25% consolidándose el 30 de abril de 2026 y el resto consolidándose trimestralmente. Ambos premios requieren empleo continuo con Nurix para su consolidación.
Nurix Therapeutics (NRIX)는 2025년 3월 11일 13명의 신규 직원에게 유인 보상을 부여했습니다. 이는 Nasdaq 상장 규칙 5635(c)(4)에 따라 회사 보상 위원회의 승인을 받았습니다. 보상 내용은 다음과 같습니다:
- 157,150주를 구매할 수 있는 10년 만기 주식 옵션, 행사 가격은 $13.90
- 107,500주를 대표하는 제한 주식 단위(RSU) 보상
주식 옵션은 4년에 걸쳐 분할 지급되며, 1년 후 25%가 지급되고 나머지는 매월 지급됩니다. RSU도 4년에 걸쳐 분할 지급되며, 2026년 4월 30일에 25%가 지급되고 나머지는 분기별로 지급됩니다. 두 가지 보상 모두 지급을 위해 Nurix에서의 지속적인 근무가 필요합니다.
Nurix Therapeutics (NRIX) a accordé des primes d'incitation à 13 nouveaux employés le 11 mars 2025, comme approuvé par le Comité de Rémunération de l'entreprise selon la Règle de Cotation Nasdaq 5635(c)(4). Les primes comprennent :
- Des options d'achat d'actions pour acquérir 157 150 actions avec un terme de 10 ans et un prix d'exercice de 13,90 $
- Des attributions d'unités d'actions restreintes (RSUs) représentant 107 500 actions
Les options d'achat d'actions s'acquièrent sur 4 ans, avec 25 % s'acquérant après un an et le reste s'acquérant mensuellement. Les RSUs s'acquièrent également sur 4 ans, avec 25 % s'acquérant le 30 avril 2026 et le reste s'acquérant trimestriellement. Les deux primes nécessitent un emploi continu chez Nurix pour leur acquisition.
Nurix Therapeutics (NRIX) hat am 11. März 2025 Anreizprämien an 13 neue Mitarbeiter vergeben, wie vom Vergütungsausschuss des Unternehmens gemäß der Nasdaq-Listing-Regel 5635(c)(4) genehmigt. Die Prämien umfassen:
- Aktienoptionen zum Kauf von 157.150 Aktien mit einer Laufzeit von 10 Jahren und einem Ausübungspreis von 13,90 $
- Begrenzte Aktieneinheiten (RSUs), die 107.500 Aktien repräsentieren
Die Aktienoptionen werden über 4 Jahre vestiert, wobei 25% nach einem Jahr und der Rest monatlich vestiert wird. Auch die RSUs werden über 4 Jahre vestiert, wobei 25% am 30. April 2026 vestiert werden und der Rest vierteljährlich vestiert wird. Beide Prämien erfordern eine fortdauernde Anstellung bei Nurix für die Vestierung.
- Company demonstrates growth with hiring of 13 new employees
- Structured equity compensation plan helps attract and retain talent
- Potential dilution of existing shareholders from new equity grants
SAN FRANCISCO, March 14, 2025 (GLOBE NEWSWIRE) -- Nurix Therapeutics, Inc. (Nasdaq: NRIX), a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of targeted protein degradation medicines, the next frontier in innovative drug design aimed at improving treatment options for patients with cancer and inflammatory diseases, today announced that on March 11, 2025, the company granted inducement awards to thirteen new employees. The grants were made pursuant to Nurix’s 2024 Equity Inducement Plan as an inducement material to the employees’ acceptance of employment with Nurix and were approved by the Compensation Committee of Nurix’s Board of Directors in accordance with Nasdaq Listing Rule 5635(c)(4).
The company granted stock options to purchase an aggregate of 157,150 shares of Nurix common stock and restricted stock unit awards (RSUs) representing an aggregate of 107,500 shares of Nurix common stock.
One fourth of the total number of shares underlying the stock options will vest on the one-year anniversary of the employee’s date of hire and one forty-eighth of the total number of shares underlying the stock options will vest each month thereafter until the stock option is fully vested on the fourth anniversary of the employee’s date of hire, subject to the employee’s continued service with Nurix on each such vesting date. The stock options have a term of ten years and an exercise price of
One fourth of the total number of shares subject to the RSUs will vest on the one-year anniversary of the RSU vesting start date, which is April 30, 2025, subject to the employee’s continued service with Nurix on the vesting date. Thereafter, one sixteenth of the total number of shares subject to the RSUs shall vest quarterly, until the RSU award is fully vested on the fourth anniversary of the vesting start date, subject to the employee’s continued service with Nurix on each such vesting date.
About Nurix Therapeutics, Inc.
Nurix Therapeutics is a clinical stage biopharmaceutical company focused on the discovery, development and commercialization of targeted protein degradation medicines, the next frontier in innovative drug design aimed at improving treatment options for patients with cancer and inflammatory diseases. Nurix’s wholly owned, clinical stage pipeline includes degraders of Bruton’s tyrosine kinase (BTK), a B-cell signaling protein, and inhibitors of Casitas B-lineage lymphoma proto-oncogene B (CBL-B), an E3 ligase that regulates activation of multiple immune cell types including T cells and NK cells. Nurix also is advancing multiple potentially first-in-class or best-in-class degraders and degrader antibody conjugates (DACs) in its preclinical pipeline. Nurix’s partnered drug discovery pipeline consists of preclinical stage degraders of IRAK4 and STAT6, as well as multiple additional programs under collaboration agreements with Gilead Sciences, Inc., Sanofi S.A. and Pfizer Inc., within which Nurix retains certain options for co-development, co-commercialization and profit sharing in the United States for multiple drug candidates. Powered by a fully AI-integrated discovery engine capable of tackling any protein class, and coupled with unparalleled ligase expertise, Nurix’s dedicated team has built a formidable advantage in translating the science of targeted protein degradation into clinical advancements. Nurix aims to establish degrader-based treatments at the forefront of patient care, writing medicine’s next chapter with a new script to outmatch disease. Nurix is headquartered in San Francisco, California. For additional information visit http://www.nurixtx.com.
Contacts:
Investors
Jason Kantor, Ph.D.
Nurix Therapeutics, Inc.
ir@nurixtx.com
Elizabeth Wolffe, Ph.D.
Wheelhouse Life Science Advisors
lwolffe@wheelhouselsa.com
Media
Aljanae Reynolds
Wheelhouse Life Science Advisors
areynolds@wheelhouselsa.com
