{"id":690916,"date":"2022-09-30T18:18:06","date_gmt":"2022-09-30T22:18:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sarepta-therapeutics-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-20\/"},"modified":"2022-09-30T18:18:06","modified_gmt":"2022-09-30T22:18:06","slug":"sarepta-therapeutics-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-20","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sarepta-therapeutics-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-20\/","title":{"rendered":"Sarepta Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)"},"content":{"rendered":"
\n

CAMBRIDGE, Mass., Sept. 30, 2022 (GLOBE NEWSWIRE) — Sarepta Therapeutics, Inc. (NASDAQ:SRPT), the leader in precision genetic medicine for rare diseases, granted equity awards on September 30, 2022 that were previously approved by the Compensation Committee of its Board of Directors under Sarepta\u2019s 2014 Employment Commencement Incentive Plan, as a material inducement to employment to 43 individuals hired by Sarepta in September 2022. The equity awards were approved in accordance with Nasdaq Listing Rule 5635(c)(4).<\/p>\n

The employees received, in the aggregate, options to purchase 53,575 shares of Sarepta’s common stock, and in the aggregate 27,525 restricted stock units (\u201cRSUs\u201d). The options have an exercise price of $110.54 per share, which is equal to the closing price of Sarepta’s common stock on September 30, 2022 (the \u201cGrant Date\u201d). One-fourth of the shares underlying each employee\u2019s option will vest on the one-year anniversary of the Grant Date and thereafter 1\/48th of the shares underlying each employee\u2019s option will vest monthly, such that the shares underlying the option granted to each employee will be fully vested on the fourth anniversary of the Grant Date, in each case, subject to each such employee\u2019s continued employment with Sarepta on such vesting dates.<\/p>\n

One-fourth of the RSUs will vest yearly on each anniversary of the Grant Date, such that the RSUs granted to each employee will be fully vested on the fourth anniversary of the Grant Date, in each case, subject to each such employee\u2019s continued employment with Sarepta on such vesting date.<\/p>\n

\n
\n About Sarepta Therapeutics<\/em>
\n <\/strong>
\n
Sarepta is on an urgent mission: engineer precision genetic medicine for rare diseases that devastate lives and cut futures short. We hold leadership positions in Duchenne muscular dystrophy (DMD) and limb-girdle muscular dystrophies (LGMDs), and we currently have more than 40 programs in various stages of development. Our vast pipeline is driven by our multi-platform Precision Genetic Medicine Engine in gene therapy, RNA and gene editing. For more information, please visit\u00a0www.sarepta.com<\/a> or follow us on Twitter<\/a>, LinkedIn<\/a>, Instagram<\/a> and Facebook<\/a>.<\/p>\n

\n
\n Internet Posting of Information<\/em>
\n <\/strong>
\n
\n We routinely post information that may be important to investors in the ‘For Investors’ section of our website at\u00a0<\/em>
\n
\n
\n www.sarepta.com<\/u>
\n <\/em>
\n <\/a>
\n . We encourage investors and potential investors to consult our website regularly for important information about us.<\/em>\n <\/p>\n

Source: Sarepta Therapeutics, Inc.<\/p>\n

\n
\n Investor Contact: <\/em>
\n <\/strong>
\n
Ian Estepan, 617-274-4052
iestepan@sarepta.com<\/a><\/p>\n

\n
\n Media Contact: <\/em>
\n <\/strong>
\n
Tracy Sorrentino, 617-301-8566
tsorrentino@sarepta.com<\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

CAMBRIDGE, Mass., Sept. 30, 2022 (GLOBE NEWSWIRE) — Sarepta Therapeutics, Inc. (NASDAQ:SRPT), the leader in precision genetic medicine for rare diseases, granted equity awards on September 30, 2022 that were previously approved by the Compensation Committee of its Board of Directors under Sarepta\u2019s 2014 Employment Commencement Incentive Plan, as a material inducement to employment to 43 individuals hired by Sarepta in September 2022. The equity awards were approved in accordance with Nasdaq Listing Rule 5635(c)(4). The employees received, in the aggregate, options to purchase 53,575 shares of Sarepta’s common stock, and in the aggregate 27,525 restricted stock units (\u201cRSUs\u201d). The options have an exercise price of $110.54 per share, which is equal to the closing price of Sarepta’s common stock … <\/p>\n

Continue reading “Sarepta Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-690916","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSarepta Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sarepta-therapeutics-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-20\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sarepta Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CAMBRIDGE, Mass., Sept. 30, 2022 (GLOBE NEWSWIRE) — Sarepta Therapeutics, Inc. 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