PolyPid sets 5,012,403-share option pool under amended 2012 equity plan

PolyPid published an amended and restated 2012 Share Option Plan, setting an option pool of 5,012,403 ordinary shares.

• Standard vesting: 33% after 12 months of service; 8.375% vests each additional three months; full vesting is reached after four years.
• Options generally expire 10 years from grant; vested options typically remain exercisable for three months after service ends, or 12 months in the event of death or disability.
• In a merger where awards are not assumed or substituted, holders get 15 days to exercise vested options; remaining options terminate at closing.
• The U.S. sub-plan caps incentive stock options at 39,833 shares; the ISO exercise price is set at no less than 100% of fair market value at grant.