Protagonist Grants New Hires 14,800 Options at $112.46 and 3,900 RSUs
PTGX•On June 15, 2026, Protagonist granted inducement awards to three new hires totaling options on 14,800 shares and 3,900 RSUs vesting over four years. The options carry an exercise price equal to the June 15 closing price and were approved by the board’s compensation committee.
1. Award Grant Overview
On June 15, Protagonist granted inducement awards to three recently hired employees under its Amended and Restated Inducement Plan, comprising options on 14,800 shares and RSUs on 3,900 shares as a material inducement under Nasdaq Marketplace Rule 5635(c)(4).
2. Award Terms
The stock options carry an exercise price equal to the June 15 closing price and vest 25% after one year with monthly vesting over the following three years, while the RSUs vest 25% annually over a four-year period. These terms were approved by the compensation committee of the board of directors.
