ORIC Pharmaceuticals Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)
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ORIC Pharmaceuticals has granted stock options and restricted stock units to a new non-executive employee as part of an inducement under Nasdaq Listing Rule 5635(c)(4).
January 03, 2025 | 9:45 pm
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ORIC Pharmaceuticals granted 16,400 stock options and 2,800 restricted stock units to a new employee, aligning with Nasdaq Listing Rule 5635(c)(4). This move is part of their strategy to attract talent.
The issuance of stock options and RSUs is a common practice to attract and retain talent, especially in the biotech sector. While it indicates growth and investment in human resources, it does not directly impact the stock price in the short term.
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