Geron Grants 2.5M Share Options at $1.73 Exercise Price with Four-Year Vesting
Geron awarded Timothy Williams a stock option for 2.5 million shares at $1.73 per share with a ten-year term, vesting over four years with 12.5% after six months and equal installments thereafter. The inducement grant was approved under Nasdaq Listing Rule 5635(c)(4) via Geron’s 2018 Inducement Award Plan.
1. Option Grant Details
Geron granted 2,500,000 stock options at an exercise price of $1.73 per share on April 13, 2026. The options carry a ten-year term with 12.5% vesting after six months and the remaining shares vesting in equal installments over the subsequent 42 months, contingent on continued service.
2. Executive Appointment
The equity award was made to Timothy Williams upon his appointment as Executive Vice President, Chief Legal Officer and Corporate Secretary, serving as an inducement material to his acceptance of employment.
3. Approval and Plan
The Compensation Committee approved the grant under Nasdaq Listing Rule 5635(c)(4) in accordance with Geron’s 2018 Inducement Award Plan, subject to the plan’s terms and conditions and the form of the stock option agreement.