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Sonder Holdings Inc. Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

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Sonder Holdings (Nasdaq: SOND) has announced new equity grants under its 2023 Inducement Equity Incentive Plan. The company granted 14,500 restricted stock units to two new employees and stock options for 105,245 shares to 463 employees hired between November 2023 and February 2025.

The restricted stock units will vest over three years, with 33% vesting after the first year and 1/12th quarterly thereafter. The stock options, priced at $2.35 per share, have a ten-year term and vest over four years, with 25% vesting after the first year and 1/48th monthly thereafter. These grants were made under Nasdaq Listing Rule 5635(c)(4) as inducement awards for new employees.

Sonder Holdings (Nasdaq: SOND) ha annunciato nuovi conferimenti azionari nell'ambito del suo Piano di Incentivazione Azionaria per il 2023. L'azienda ha concesso 14.500 unità azionarie vincolate a due nuovi dipendenti e opzioni su azioni per 105.245 azioni a 463 dipendenti assunti tra novembre 2023 e febbraio 2025.

Le unità azionarie vincolate matureranno nel corso di tre anni, con il 33% che matura dopo il primo anno e 1/12 ogni trimestre successivo. Le opzioni su azioni, valutate $2,35 per azione, hanno una durata di dieci anni e maturano in quattro anni, con il 25% che matura dopo il primo anno e 1/48 ogni mese successivo. Questi conferimenti sono stati effettuati ai sensi della Regola di Quotazione Nasdaq 5635(c)(4) come premi di incentivazione per i nuovi dipendenti.

Sonder Holdings (Nasdaq: SOND) ha anunciado nuevas concesiones de acciones bajo su Plan de Incentivo de Acciones por Inducción 2023. La empresa otorgó 14,500 unidades de acciones restringidas a dos nuevos empleados y opciones sobre acciones para 105,245 acciones a 463 empleados contratados entre noviembre de 2023 y febrero de 2025.

Las unidades de acciones restringidas se consolidarán durante tres años, con el 33% consolidándose después del primer año y 1/12 trimestralmente a partir de entonces. Las opciones sobre acciones, valoradas en $2.35 por acción, tienen un plazo de diez años y se consolidan durante cuatro años, con el 25% consolidándose después del primer año y 1/48 mensualmente a partir de entonces. Estas concesiones se realizaron bajo la Regla de Cotización Nasdaq 5635(c)(4) como premios de inducción para nuevos empleados.

Sonder Holdings (Nasdaq: SOND)는 2023 유도 주식 인센티브 계획에 따라 새로운 주식 보상을 발표했습니다. 이 회사는 두 명의 신규 직원에게 14,500개의 제한된 주식 단위를 부여하고, 2023년 11월부터 2025년 2월까지 채용된 463명의 직원에게 105,245주에 대한 주식 옵션을 부여했습니다.

제한된 주식 단위는 3년에 걸쳐 분할 지급되며, 첫 해 후 33%가 지급되고 이후 매 분기 1/12씩 지급됩니다. $2.35 per share로 가격이 책정된 주식 옵션은 10년의 기간을 가지며, 4년에 걸쳐 분할 지급되며, 첫 해 후 25%가 지급되고 이후 매달 1/48씩 지급됩니다. 이러한 보상은 Nasdaq 상장 규칙 5635(c)(4)에 따라 신규 직원에 대한 유도 보상으로 이루어졌습니다.

Sonder Holdings (Nasdaq: SOND) a annoncé de nouvelles attributions d'actions dans le cadre de son Plan d'Incitation Équité 2023. L'entreprise a accordé 14 500 unités d'actions restreintes à deux nouveaux employés et options d'achat d'actions pour 105 245 actions à 463 employés recrutés entre novembre 2023 et février 2025.

Les unités d'actions restreintes acquerront des droits sur trois ans, avec 33 % acquérant des droits après la première année et 1/12 trimestriellement par la suite. Les options d'achat d'actions, évaluées à 2,35 $ par action, ont une durée de dix ans et acquièrent des droits sur quatre ans, avec 25 % acquérant des droits après la première année et 1/48 mensuellement par la suite. Ces attributions ont été effectuées conformément à la règle de cotation Nasdaq 5635(c)(4) en tant que récompenses d'incitation pour les nouveaux employés.

Sonder Holdings (Nasdaq: SOND) hat neue Aktienvergaben im Rahmen seines Aktienanreizplans 2023 angekündigt. Das Unternehmen vergab 14.500 eingeschränkte Aktieneinheiten an zwei neue Mitarbeiter und Aktienoptionen für 105.245 Aktien an 463 Mitarbeiter, die zwischen November 2023 und Februar 2025 eingestellt wurden.

Die eingeschränkten Aktieneinheiten werden über drei Jahre fällig, wobei 33% nach dem ersten Jahr und anschließend vierteljährlich 1/12 fällig werden. Die Aktienoptionen, die mit 2,35 $ pro Aktie bewertet sind, haben eine Laufzeit von zehn Jahren und werden über vier Jahre fällig, wobei 25% nach dem ersten Jahr und anschließend monatlich 1/48 fällig werden. Diese Vergaben wurden gemäß der Nasdaq-Listing-Regel 5635(c)(4) als Anreizpreise für neue Mitarbeiter gewährt.

Positive
  • Continued hiring activity with 465 new employees
  • Employee retention incentives through equity compensation
Negative
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SAN FRANCISCO--(BUSINESS WIRE)-- Sonder Holdings Inc. (Nasdaq: SOND) (“Sonder” or the “Company”), a leading global brand of premium, design-forward apartments and intimate boutique hotels serving the modern traveler, today announced that on March 4, 2025, the Compensation Committee of Sonder’s Board of Directors approved the granting of restricted stock units underlying an aggregate of fourteen thousand five hundred shares (14,500) of its common stock to two (2) newly hired employees, and stock options exercisable for an aggregate of one hundred five thousand two hundred forty-five (105,245) shares of its common stock to four hundred sixty-three (463) employees hired from November 13, 2023 to February 24, 2025, each under the Sonder Holdings Inc. 2023 Inducement Equity Incentive Plan, as amended (the “Inducement Plan”). The restricted stock units and stock options were granted as inducements material to the employees entering into employment with Sonder (or one of its subsidiaries) pursuant to Nasdaq Listing Rule 5635(c)(4).

The Inducement Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of Sonder (or one of its subsidiaries), or following a bona fide period of non-employment, as an inducement material to such individuals’ entering into employment with Sonder (or one of its subsidiaries), pursuant to Nasdaq Listing Rule 5635(c)(4).

The restricted stock units vest over three years, with 33% of the award vesting on the first anniversary of the applicable employee’s date of hire, and an additional 1/12th of the award vesting quarterly thereafter, subject to the employee’s continued service through the applicable vesting dates (subject to the terms and conditions of the Inducement Plan and the restricted stock unit award agreement covering the grant).

The stock options have an exercise price of $2.35 per share, which is equal to the closing price of Sonder’s common stock on March 4, 2025 as reported by The Nasdaq Stock Market. The stock options have a ten-year term and vest over four years, with 25% of the shares subject to the award vesting on the first anniversary of the applicable employee’s date of hire, and an additional 1/48th of the shares subject to the award vesting monthly thereafter, subject to the employee’s continued service through the applicable vesting dates (subject to the terms and conditions of the Inducement Plan and the option award agreement covering the grant).

About Sonder

Sonder (Nasdaq: SOND) is a leading global brand of premium, design-forward apartments and intimate boutique hotels serving the modern traveler. Launched in 2014, Sonder offers inspiring, thoughtfully designed accommodations and innovative, tech-enabled service combined into one seamless experience. Sonder properties are found in prime locations in over 40 markets, spanning nine countries and three continents. The Sonder app gives guests full control over their stay. Complete with self-service features, simple check-in and 24/7 on-the-ground support, amenities and services at Sonder are just a tap away, making a world of better stays open to all.

To learn more, visit http://www.sonder.com or follow Sonder on Instagram, LinkedIn or X.

Download the Sonder app on Apple or Google Play.

Media:

press@sonder.com

Investor:

ir@sonder.com

Source: Sonder Holdings Inc.

FAQ

What is the vesting schedule for Sonder's (SOND) new restricted stock units granted in March 2025?

The restricted stock units vest over 3 years: 33% after first year, then 1/12th quarterly, subject to continued employment.

How many employees received stock options in Sonder's (SOND) March 2025 inducement grants?

463 employees received stock options for a total of 105,245 shares.

What is the exercise price for Sonder's (SOND) newly issued stock options on March 4, 2025?

The stock options have an exercise price of $2.35 per share, equal to SOND's closing price on March 4, 2025.

How long is the vesting period for Sonder's (SOND) March 2025 stock option grants?

The stock options vest over 4 years: 25% after first year, then 1/48th monthly, with a 10-year term.
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