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Calidi Biotherapeutics Reports Inducement Grant Under NYSE American LLC Company Guide Section 711

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Calidi Biotherapeutics (NYSE American: CLDI) granted an inducement non-qualified stock option to new VP Finance, Controller, Sandra Gurrola. The option covers 100,000 shares at an exercise price of $0.15, the July 6, 2026 closing price, and vests over four years under NYSE American Section 711.

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Positive

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Negative

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Market reaction after leadership change inducement grant: CLDI +5.35% in the Jul 9 session

+5.35%
3 alerts
+5.35% Session close to close
+8.6% Peak Tracked
$2.90M Market Cap
0.1x Rel. Volume

In the Jul 9 session, CLDI gained 5.35%, reflecting a notable positive market reaction. Argus tracked a peak move of +8.6% during that session. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +5.3% in the session following this news. A strong upside move could reflect investo...
Analysis

The stock moved +5.3% in the session following this news. A strong upside move could reflect investors welcoming the addition of a VP Finance under an inducement grant of 100,000 options at $0.15. Historically mixed reactions to corporate updates mean enthusiasm might fade if further dilution or financing concerns resurface.

Key Figures

Inducement option size: 100,000 shares Option exercise price: $0.15 Grant date: July 6, 2026 +3 more
6 metrics
Inducement option size 100,000 shares Non-qualified stock option grant to VP Finance, Controller
Option exercise price $0.15 Exercise price equal to July 6, 2026 closing price
Grant date July 6, 2026 Date of inducement stock option grant
Vesting period 4 years Stock options vest over four years
Initial vesting tranche 25% Vests on one-year anniversary, July 6, 2027
Final vesting date July 6, 2030 Remaining options vest in equal monthly installments until this date

Historical Context

5 past events · Latest: Jun 24 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jun 24 clinical data update Positive +0.6% New data presented on CLD-501 and RedTail virotherapy platform at industry summit.
Jun 23 board appointment Positive -2.5% Appointment of experienced biopharma executive Corsee Sanders, Ph.D., to board.
Jun 16 FDA feedback Positive -1.9% Positive pre-IND FDA feedback for CLD-401 and alignment on trial design.
Jun 08 investor webinar Neutral -0.6% Announcement of investor webinar covering RedTail platform, CLD-401 data, and milestones.
May 26 ASCO abstract news Positive +0.8% Online abstract acceptances at 2026 ASCO for RedTail programs CLD-401 and CLD-501.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent Calidi news has often seen negative next-day moves even on seemingly constructive scientific and corporate updates.

Key Terms

non-qualified stock option, exercise price, stock option agreement
3 terms
non-qualified stock option financial
"approved the grant of an inducement non-qualified stock option for Ms. Gurrola"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
exercise price financial
"for the purchase of 100,000 shares with an exercise price of $0.15"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
stock option agreement financial
"The Stock Option is subject to the terms and conditions of the Stock Option Agreement."
A stock option agreement is a formal contract that gives an individual the right to buy or sell a specific number of shares of a company's stock at a set price within a certain period. For investors, it’s an important tool because it can provide opportunities to profit from stock price movements or to protect against potential losses, making it a key element in financial planning and investment strategies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SAN DIEGO, July 08, 2026 (GLOBE NEWSWIRE) -- Calidi Biotherapeutics Inc. (NYSE American: CLDI) (“Calidi”), a biotechnology company pioneering the development of targeted genetic medicine, today announced that in connection with the appointment of Sandra Gurrola as VP Finance, Controller, the Company’s Compensation Committee and the Board of Directors has approved the grant of an inducement non-qualified stock option for Ms. Gurrola for the purchase of 100,000 shares with an exercise price of $0.15, which was the closing price of the Company’s common stock on July 6, 2026, the date of grant (the “Stock Options”).

The Stock Options vest over four years with 25% of the Stock Options vesting on the one-year anniversary of the date of grant, or July 6, 2027, and the remaining Stock Options vesting in equal monthly installments thereafter until July 6, 2030. The Stock Option is subject to the terms and conditions of the Stock Option Agreement. The Stock Option is being granted as an inducement material to Ms. Gurrola entering into employment with the Company in accordance with Section 711 of NYSE American LLC Company Guide.

About Calidi Biotherapeutics

Calidi Biotherapeutics (NYSE American: CLDI) is a biotechnology company pioneering the development of targeted therapies with the potential to deliver genetic medicines to distal sites of disease. The company’s proprietary RedTail platform features an engineered enveloped oncolytic virus designed for systemic delivery and targeting of metastatic sites. This advanced enveloped technology is intended to shield the virus from immune clearance, allowing virotherapy to effectively reach tumor sites, induce tumor lysis, and deliver potent genetic medicine(s) to metastatic locations.

CLD-401, the lead candidate from the RedTail platform, currently in IND-enabling studies, targets non-small cell lung cancer, head and neck cancer, and other tumor types with high unmet medical need. Calidi continues to advance its pipeline utilizing the RedTail platform including its novel approach to incorporate in situ T-cell engagers in solid tumors.

Calidi Biotherapeutics is headquartered in San Diego, California. For more information, please visit www.calidibio.com or view Calidi’s Corporate Presentation here.

Forward-Looking Statements

This press release may contain forward-looking statements for purposes of the “safe harbor” provisions under the United States Private Securities Litigation Reform Act of 1995. Terms such as “anticipates,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predicts,” “project,” “should,” “towards,” “would” as well as similar terms, are forward-looking in nature, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements concerning key milestones, including certain pre-clinical data, planned clinical trials, and statements relating to the safety and efficacy of Calidi’s therapeutic candidates in development. Any forward-looking statements contained in this discussion are based on Calidi’s current expectations and beliefs concerning future developments and their potential effects and are subject to multiple risks and uncertainties that could cause actual results to differ materially and adversely from those set forth or implied in such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk that Calidi is not able to raise sufficient capital to support its current and anticipated clinical trials, the risk that early results of clinical trials do not necessarily predict final results and that one or more of the clinical outcomes may materially change following more comprehensive review of the data, and as more patient data becomes available, the risk that Calidi may not receive FDA approval for some or all of its therapeutic candidates. Other risks and uncertainties are set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s annual report filed with the SEC on Form 10-K on March 27, 2026, as may be amended or supplemented by other reports we file with the SEC from time to time. We disclaim any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

For Investors:

IR@calidibio.com

For Media:

PR@calidibio.com


FAQ

What stock option grant did Calidi Biotherapeutics (CLDI) announce on July 8, 2026?

Calidi Biotherapeutics announced an inducement non-qualified stock option for 100,000 shares at a $0.15 exercise price. According to Calidi, the grant is tied to the appointment of Sandra Gurrola as VP Finance, Controller, and was approved by the Compensation Committee and Board.

What are the terms of the Calidi Biotherapeutics (CLDI) inducement stock option for Sandra Gurrola?

The inducement stock option covers 100,000 shares at a $0.15 exercise price, matching the July 6, 2026 closing price. According to Calidi, the option vests over four years and is governed by a Stock Option Agreement detailing terms and conditions.

How does the Calidi Biotherapeutics (CLDI) stock option for Sandra Gurrola vest over time?

The stock option vests over four years, with 25% vesting on July 6, 2027. According to Calidi, the remaining 75% vests in equal monthly installments until July 6, 2030, subject to the Stock Option Agreement’s terms and continued employment conditions.

Why was the Calidi Biotherapeutics (CLDI) inducement option granted under NYSE American Section 711?

The option was granted as an inducement material to Sandra Gurrola entering employment, consistent with Section 711. According to Calidi, this allows the company to issue equity awards outside shareholder-approved plans specifically to attract new key employees like the VP Finance, Controller.

What role is associated with the inducement stock option at Calidi Biotherapeutics (CLDI)?

The inducement stock option is associated with the appointment of Sandra Gurrola as VP Finance, Controller. According to Calidi, the Compensation Committee and Board approved this option grant in connection with her joining the company in this senior finance leadership position.

What is the exercise price and grant date for the Calidi Biotherapeutics (CLDI) inducement stock option?

The exercise price is $0.15 per share, equal to the July 6, 2026 closing price of CLDI. According to Calidi, that date is also the grant date used to determine vesting, which starts one year later and continues monthly through July 6, 2030.