Korro Bio Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Korro Bio granted non-statutory stock options to seven newly hired employees as an inducement material to their acceptance of employment with the company. The grants cover an aggregate of 23,000 shares of common stock, split into two groups with exercise prices of $10.59 and $14.72 per share respectively, based on closing prices on the grant dates.
Key figures
- Option term years
- 10
- Vesting term years
- 4
- Exercise price group 1
- 10.59
- Exercise price group 2
- 14.72
- Options granted group 1
- 6000
- Options granted group 2
- 17000
AI analysis
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