{"id":724737,"date":"2023-01-20T08:33:03","date_gmt":"2023-01-20T13:33:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/schrodinger-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-14\/"},"modified":"2023-01-20T08:33:03","modified_gmt":"2023-01-20T13:33:03","slug":"schrodinger-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-14","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/schrodinger-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-14\/","title":{"rendered":"Schr\u00f6dinger Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Schr\u00f6dinger Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nSchr\u00f6dinger, Inc. (Nasdaq: SDGR), whose physics-based computational platform is transforming the way therapeutics and materials are discovered, today reported that on January 16, 2023, the company granted (i) non-statutory stock options to purchase an aggregate of 14,300 shares of the company\u2019s common stock to six newly hired employees, including three newly hired employees based outside of the United States and (ii) restricted stock units (RSUs) with respect to 4,350 shares of the company\u2019s common stock to one newly hired employee. These grants were made pursuant to the company\u2019s 2021 Inducement Equity Incentive Plan, were approved by the compensation committee of the board of directors pursuant to a delegation by the company\u2019s board of directors, and were made as a material inducement to such employees\u2019 acceptance of employment with the company in accordance with Nasdaq Listing Rule 5635(c)(4) as a component of his or her employment compensation.\n<\/p>\n<p>\nThe stock options have an exercise price of $23.83 per share, equal to the closing price of Schr\u00f6dinger\u2019s common stock on January 13, 2023. Each stock option has a ten-year term and vests over four years, with 25 percent of the shares underlying the option vesting when the employee completes 12 months of continuous service measured from the employment start date and the balance of the shares vesting as follows: (i) for U.S.-based new hires, in a series of successive equal monthly installments of 1\/48 of the original number of shares upon the employee\u2019s completion of each additional month of service over the 36-month period following the first anniversary of the employment start date; and (ii) for new hires based outside of the United States, in a series of successive equal annual installments of 1\/4 of the original number of shares upon the employee\u2019s completion of each additional year of service over the three-year period following the first anniversary of the employment start date.\n<\/p>\n<p>\nThe RSUs vest over four years, with 25 percent of such RSUs vesting when the employee completes 12 months of continuous service measured from the vesting commencement date, and the balance of the RSUs vesting in a series of successive equal yearly installments of 1\/4 of the original number of RSUs upon the employee\u2019s completion of each additional year of service over the three-year period following the first anniversary of the employment start date.\n<\/p>\n<p>\nThe inducement grants are subject to the terms and conditions of award agreements covering the grants and the company\u2019s 2021 Inducement Equity Incentive Plan.\n<\/p>\n<p><b>About Schr\u00f6dinger<\/b><\/p>\n<p>\nSchr\u00f6dinger is transforming the way therapeutics and materials are discovered. Schr\u00f6dinger has pioneered a physics-based computational platform that enables discovery of high-quality, novel molecules for drug development and materials applications more rapidly and at lower cost compared to traditional methods. The computational platform is used by biopharmaceutical and industrial companies, academic institutions, and government laboratories around the world. Schr\u00f6dinger\u2019s multidisciplinary drug discovery team also leverages the software platform to advance collaborative and proprietary programs to address unmet medical needs.\n<\/p>\n<p>\nFounded in 1990, Schr\u00f6dinger has approximately 800 employees and is engaged with customers and collaborators in more than 70 countries. To learn more, visit www.schrodinger.com, follow us on LinkedIn, or visit our blog, Extrapolations.com.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230120005001r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230120005001\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230120005001\/en\/<\/a><\/span><\/p>\n<p><b>Investor:<br \/>\n<br \/><\/b>Jaren Madden<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@schrodinger.com\">ir@schrodinger.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Software Technology Biotechnology Health<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Schr\u00f6dinger Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4) NEW YORK&#8211;(BUSINESS WIRE)&#8211; Schr\u00f6dinger, Inc. (Nasdaq: SDGR), whose physics-based computational platform is transforming the way therapeutics and materials are discovered, today reported that on January 16, 2023, the company granted (i) non-statutory stock options to purchase an aggregate of 14,300 shares of the company\u2019s common stock to six newly hired employees, including three newly hired employees based outside of the United States and (ii) restricted stock units (RSUs) with respect to 4,350 shares of the company\u2019s common stock to one newly hired employee. These grants were made pursuant to the company\u2019s 2021 Inducement Equity Incentive Plan, were approved by the compensation committee of the board of directors pursuant to a delegation &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/schrodinger-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-14\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Schr\u00f6dinger Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)&#8221;<\/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-724737","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Schr\u00f6dinger Reports 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\/schrodinger-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-14\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Schr\u00f6dinger Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Schr\u00f6dinger Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4) NEW YORK&#8211;(BUSINESS WIRE)&#8211; Schr\u00f6dinger, Inc. (Nasdaq: SDGR), whose physics-based computational platform is transforming the way therapeutics and materials are discovered, today reported that on January 16, 2023, the company granted (i) non-statutory stock options to purchase an aggregate of 14,300 shares of the company\u2019s common stock to six newly hired employees, including three newly hired employees based outside of the United States and (ii) restricted stock units (RSUs) with respect to 4,350 shares of the company\u2019s common stock to one newly hired employee. These grants were made pursuant to the company\u2019s 2021 Inducement Equity Incentive Plan, were approved by the compensation committee of the board of directors pursuant to a delegation &hellip; Continue reading &quot;Schr\u00f6dinger Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/schrodinger-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-14\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-20T13:33:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230120005001r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/schrodinger-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-14\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/schrodinger-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-14\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Schr\u00f6dinger Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)\",\"datePublished\":\"2023-01-20T13:33:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/schrodinger-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-14\\\/\"},\"wordCount\":584,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/schrodinger-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-14\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230120005001r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/schrodinger-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-14\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/schrodinger-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-14\\\/\",\"name\":\"Schr\u00f6dinger Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4) - 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