Invivyd grants options covering 255,000 shares to six new employees

  • Invivyd granted options covering 255,000 shares to six newly hired non-executive employees.
  • $0.8799 per share matched Invivyd’s closing stock price on the September 1 grant date.
  • Options carry 10-year terms and vest over four years under Invivyd’s 2026 Inducement Plan.

Invivyd granted six newly hired, non-executive employees options to purchase an aggregate of 255,000 common shares on September 1, 2026. The awards were issued as material inducements to employment under Nasdaq Listing Rule 5635(c)(4) and the Invivyd, Inc. 2026 Inducement Plan. The options have an exercise price of $0.8799 per share, matching the stock’s closing price on the grant date, a 10-year term and four-year vesting schedule. Twenty-five percent vests on the first anniversary of each employee’s start date, with the balance vesting in equal monthly installments thereafter, subject to continuous service. Invivyd is developing antibody-based protection against serious viral infectious diseases, beginning with SARS-CoV-2, and received U.S. FDA emergency use authorization for a monoclonal antibody candidate in March 2024.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.