{"id":746050,"date":"2023-04-07T07:03:08","date_gmt":"2023-04-07T11:03:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/seres-therapeutics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-4\/"},"modified":"2023-04-07T07:03:08","modified_gmt":"2023-04-07T11:03:08","slug":"seres-therapeutics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/seres-therapeutics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-4\/","title":{"rendered":"Seres Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)"},"content":{"rendered":"

<\/p>\n

Seres Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)<\/b><\/p>\n

CAMBRIDGE, Mass.–(BUSINESS WIRE<\/a>)–
\nSeres Therapeutics, Inc. (Nasdaq: MCRB) (\u201cSeres\u201d or the \u201cCompany\u201d), a leading microbiome therapeutics company, today announced that on April 5, 2023, the Compensation and Talent Committee of Seres\u2019 board of directors granted inducement equity grants covering an aggregate of 22,000 shares of its common stock to three new employees, consisting of stock options to purchase an aggregate of 11,000 shares of common stock and restricted stock units (\u201cRSUs\u201d), covering an aggregate of 11,000 shares of its common stock.<\/p>\n

\nThese stock options and inducement RSUs are subject to the terms of the Seres Therapeutics, Inc. 2022 Employment Inducement Award Plan (the \u201cInducement Plan\u201d).<\/p>\n

\nThe Inducement Plan is used exclusively for the grant of equity awards to individuals as an inducement material to their entering into employment with Seres pursuant to Nasdaq Listing Rule 5635(c)(4). The Inducement Plan was adopted by Seres\u2019 board of directors in December 2022.<\/p>\n

\nThe stock options have an exercise price of $5.61 per share. Each option will vest as to 25% of the total number of shares subject to the option on the first anniversary of the applicable individual\u2019s date of hire and as to 6.25% of the total number of shares subject to the option upon a completion of each three full months of service to the Company thereafter. The RSUs vest as to 25% of an award on the first 15th day of a calendar month that immediately follows the first anniversary of the applicable individual\u2019s date of hire and as to an additional 6.25% of the award, upon completion of each three full months of service to the Company thereafter.<\/p>\n

About Seres Therapeutics
\n
<\/b>Seres Therapeutics, Inc. (Nasdaq: MCRB) is a leading microbiome therapeutics company developing a novel class of multifunctional bacterial consortia that are designed to functionally interact with host cells and tissues to treat disease. For more information, please visit www.serestherapeutics.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230407005022\/en\/<\/a><\/span><\/p>\n

IR and PR Contact
\n<\/b>
Carlo Tanzi, Ph.D.
\n
ctanzi@serestherapeutics.com<\/a><\/p>\n

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

INDUSTRY KEYWORDS:<\/b> Health Infectious Diseases Other Health General Health Pharmaceutical Biotechnology<\/p>\n

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

Seres Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) CAMBRIDGE, Mass.–(BUSINESS WIRE)– Seres Therapeutics, Inc. (Nasdaq: MCRB) (\u201cSeres\u201d or the \u201cCompany\u201d), a leading microbiome therapeutics company, today announced that on April 5, 2023, the Compensation and Talent Committee of Seres\u2019 board of directors granted inducement equity grants covering an aggregate of 22,000 shares of its common stock to three new employees, consisting of stock options to purchase an aggregate of 11,000 shares of common stock and restricted stock units (\u201cRSUs\u201d), covering an aggregate of 11,000 shares of its common stock. These stock options and inducement RSUs are subject to the terms of the Seres Therapeutics, Inc. 2022 Employment Inducement Award Plan (the \u201cInducement Plan\u201d). The Inducement Plan is used … <\/p>\n

Continue reading “Seres Therapeutics 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-746050","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSeres Therapeutics 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\/seres-therapeutics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seres Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Seres Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) CAMBRIDGE, Mass.–(BUSINESS WIRE)– Seres Therapeutics, Inc. (Nasdaq: MCRB) (\u201cSeres\u201d or the \u201cCompany\u201d), a leading microbiome therapeutics company, today announced that on April 5, 2023, the Compensation and Talent Committee of Seres\u2019 board of directors granted inducement equity grants covering an aggregate of 22,000 shares of its common stock to three new employees, consisting of stock options to purchase an aggregate of 11,000 shares of common stock and restricted stock units (\u201cRSUs\u201d), covering an aggregate of 11,000 shares of its common stock. These stock options and inducement RSUs are subject to the terms of the Seres Therapeutics, Inc. 2022 Employment Inducement Award Plan (the \u201cInducement Plan\u201d). 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