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Stock impact report

PepGen Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) to Newly Appointed Senior Vice President, Clinical Development

PepGen Inc. (PEPG) 
Company Research Source: Business Wire
BOSTON--(BUSINESS WIRE)--PepGen Inc. (Nasdaq: PEPG), a clinical-stage biotechnology company advancing the next generation of oligonucleotide therapies with the goal of transforming the treatment of severe neuromuscular and neurological diseases, today announced it awarded an inducement grant under PepGen’s 2024 Inducement Plan as a material inducement to employment to its newly appointed Senior Vice President, Clinical Development, Steve Han, MD, PhD, MMSc.On November 20, 2024, Dr. Han received a non-qualified stock option grant to purchase 95,000 shares of PepGen’s common stock, par value $0.0001 per share, with an exercise price of $4.40 per share, the closing price of PepGen’s common stock as reported by The Nasdaq Global Select Market on November 20, 2024. The inducement grant stock option has a ten-year term and is scheduled to vest over four years, with 25% of the shares vesting on the one-year anniversary of Dr. Han’s employment commencement date and the remainder vesting i Show less Read more
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