KalVista Pharmaceuticals Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
October 02 2024 - 6:30AM
Business Wire
KalVista Pharmaceuticals, Inc. (NASDAQ: KALV), today announced
that the compensation committee of KalVista’s board of directors
granted six newly-hired employees inducement options to purchase an
aggregate of 31,000 shares of KalVista common stock on October 1,
2024 as inducements material to each employee entering into
employment with KalVista. The options were granted in accordance
with Nasdaq Listing Rule 5635(c)(4).
The options have an exercise price of $11.39 per share, which
was equal to the closing price of KalVista common stock on the
grant date. One-fourth of the options vest on the one-year
anniversary of the vesting commencement date and the remainder vest
in equal monthly installments over the next three years, in each
case subject to the new employee’s continued service with the
company. Each stock option has a 10-year term and is subject to the
terms and conditions of KalVista’s Inducement Equity Incentive Plan
and a stock option agreement covering the grant.
About KalVista Pharmaceuticals, Inc. KalVista
Pharmaceuticals, Inc. is a global pharmaceutical company that seeks
to develop and deliver oral medicines for diseases with significant
unmet need. The Company is focused on understanding the needs of
patients and the limitations of current therapies to design
treatments that empower people to better manage their disease and
improve their lives. In August 2024, the Company announced its NDA
for sebetralstat for hereditary angioedema (HAE) was accepted by
the U.S. FDA with a PDUFA goal date of June 17, 2025. In addition,
KalVista received validation of its MAA for HAE from the EMA and
has submitted MAA applications to regulators in the United Kingdom,
Switzerland, Australia, and Singapore.
For more information about KalVista, please visit
www.kalvista.com or follow on social media at @KalVista and
LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20241002290608/en/
KalVista Pharmaceuticals, Inc. Media: Jenn Snyder
Vice President, Corporate Affairs (857) 356-0479
jennifer.snyder@kalvista.com Investors: Ryan Baker Head,
Investor Relations (617) 771-5001 ryan.baker@kalvista.com
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