Le Lézard
Classified in: Health, Science and technology
Subject: Stock Sale/Buyback

Geron Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)


Geron Corporation (Nasdaq: GERN) today reported that it has granted a non-statutory stock option to purchase an aggregate of 50,000 shares of Geron common stock as an inducement to a newly hired employee in connection with commencement of employment with the Company.

The stock option was granted on December 15, 2021 at an exercise price of $1.37 per share, which is equal to the closing price of Geron common stock on the date of grant. The stock option has a 10-year term and vests over four years, with 12.5% of the shares underlying the option vesting on the six-month anniversary of commencement of employment and the remaining shares vesting over the following 42 months in equal installments of whole shares, subject to continued employment with Geron through the applicable vesting dates. The option was granted as material inducement to employment in accordance with Nasdaq Listing Rule 5635(c)(4) and is subject to the terms and conditions of the stock option agreement covering the grant and Geron's 2018 Inducement Award Plan, which was adopted December 14, 2018 and provides for the granting of stock options to new employees.

About Geron

Geron is a late-stage clinical biopharmaceutical company focused on the development and potential commercialization of a first-in-class telomerase inhibitor, imetelstat, in hematologic malignancies. The Company currently is conducting two Phase 3 clinical trials: IMerge in lower risk myelodysplastic syndromes and IMpactMF in refractory myelofibrosis. For more information about Geron, visit www.geron.com.


These press releases may also interest you

1 oct 2022
Catholic Charities USA (CCUSA), the official domestic relief agency of the U.S. Catholic Church, launched a dedicated disaster donation page with 100 percent of the monies raised going to support people impacted by Hurricane Ian and served by their...

1 oct 2022
Faces & Voices of Recovery is pleased to announce Dr. Rahul Gupta as a guest speaker at the annual Recovery Leadership Summit, held this year in St. Paul, MN from October 2-5. Rahul Gupta, MD, MPH, MBA, FACP, is the first medical doctor to serve as...

1 oct 2022
October is National Liver Awareness Month and the American Liver Foundation is encouraging everyone to find out if they are at risk for fatty liver disease through its public awareness campaign, Think Liver Think Lifetm.  Fatty liver disease affects...

1 oct 2022
Today, the Minister of Seniors, Kamal Khera and the Minister of Health, Jean-Yves Duclos, issued the following statement: "Happy National Seniors Day! Every year, on October 1st, we celebrate seniors in Canada and express our gratitude for all of...

1 oct 2022
The Janssen Pharmaceutical Companies of Johnson & Johnson...

1 oct 2022
The Prime Minister, Justin Trudeau, today issued the following statement on National Seniors Day: "Seniors worked hard all their lives to build a better Canada for today and for future generations. On National Seniors Day, I join all Canadians in...



News published on 16 december 2021 at 16:35 and distributed by: