{"id":732682,"date":"2023-02-17T16:33:31","date_gmt":"2023-02-17T21:33:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sonder-holdings-inc-reports-inducement-grants-under-nasdaq-listing-rule-5635c4\/"},"modified":"2023-02-17T16:33:31","modified_gmt":"2023-02-17T21:33:31","slug":"sonder-holdings-inc-reports-inducement-grants-under-nasdaq-listing-rule-5635c4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sonder-holdings-inc-reports-inducement-grants-under-nasdaq-listing-rule-5635c4\/","title":{"rendered":"Sonder Holdings Inc. Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)"},"content":{"rendered":"

<\/p>\n

Sonder Holdings Inc. Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)<\/b><\/p>\n

SAN FRANCISCO–(BUSINESS WIRE<\/a>)–
\nSonder Holdings Inc. (NASDAQ: SOND; \u201cSonder\u201d) today announced that on February 17, 2023, the Compensation Committee of Sonder\u2019s Board of Directors granted inducement stock options exercisable for an aggregate of 833,783 shares of its common stock to one hundred forty (140) newly hired non-executive employees under the Sonder Holdings Inc. 2023 Inducement Equity Incentive Plan (the \u201cInducement Plan\u201d). The stock options were granted as an inducement material to the employees\u2019 entering into employment with Sonder (or one of its subsidiaries) pursuant to Nasdaq Listing Rule 5635(c)(4).\n<\/p>\n

\nThe 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\u2019 entering into employment with Sonder (or one of its subsidiaries), pursuant to Nasdaq Listing Rule 5635(c)(4).\n<\/p>\n

\nEach stock option is exercisable at a price of $1.28, the closing price of Sonder\u2019s common stock on February 17, 2023, the grant date. Each stock option vests over four years, with 25% of the shares subject to the award vesting on the first anniversary of the applicable employee\u2019s date of hire, and an additional 1\/48th of the shares subject to the award vesting monthly thereafter, subject to the employee\u2019s 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).\n<\/p>\n

About Sonder Holdings Inc.<\/b><\/p>\n

\nSonder (NASDAQ: SOND) is revolutionizing hospitality through innovative, tech-enabled service and inspiring, thoughtfully designed accommodations combined into one seamless experience. Launched in 2014 and headquartered in San Francisco, Sonder provides a variety of accommodation options \u2014 from spacious rooms to fully-equipped suites and apartments \u2014 found in over 40 markets spanning ten 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.\n<\/p>\n

\nTo learn more, visit www.sonder.com<\/a> or follow Sonder on Facebook<\/a>, Twitter<\/a> or Instagram<\/a>.\n<\/p>\n

\nDownload the Sonder app on Apple<\/a> or Google Play<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230217005325\/en\/<\/a><\/span><\/p>\n

\nMedia:
\n
press@sonder.com<\/a><\/p>\n

\nInvestor:
\n
ir@sonder.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Lodging Travel Other Technology<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Sonder Holdings Inc. Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) SAN FRANCISCO–(BUSINESS WIRE)– Sonder Holdings Inc. (NASDAQ: SOND; \u201cSonder\u201d) today announced that on February 17, 2023, the Compensation Committee of Sonder\u2019s Board of Directors granted inducement stock options exercisable for an aggregate of 833,783 shares of its common stock to one hundred forty (140) newly hired non-executive employees under the Sonder Holdings Inc. 2023 Inducement Equity Incentive Plan (the \u201cInducement Plan\u201d). The stock options were granted as an inducement material to the employees\u2019 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 … <\/p>\n

Continue reading “Sonder Holdings Inc. Reports 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-732682","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSonder Holdings Inc. 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\/sonder-holdings-inc-reports-inducement-grants-under-nasdaq-listing-rule-5635c4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sonder Holdings Inc. 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