Iovance Biotherapeutics reports inducement grants under Nasdaq Listing Rule 5635(c)(4)

Iovance granted 139,930 stock options to 17 new non-executive employees on July 16, 2026 under its 2021 Inducement Plan at an exercise price of $4.66 per share.

Summary

Iovance Biotherapeutics disclosed employment-related inducement grants under Nasdaq Listing Rule 5635(c)(4), detailing stock option awards covering 139,930 shares for 17 new, non-executive employees approved on July 16, 2026. The options were granted under the company’s Amended and Restated 2021 Inducement Plan at an exercise price of $4.66 per share, equal to the stock’s closing price on the grant date, and vest over three years subject to continued employment.

Terms & Concepts
  • Nasdaq Listing Rule 5635(c)(4): Nasdaq rule permitting certain equity awards to new employees as hiring inducements.
  • inducement stock options: Stock option awards granted to attract or recruit new employees.
  • tumor infiltrating lymphocyte: Immune cells taken from tumors and used in certain cancer cell therapies.