Curis Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

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Curis (NASDAQ: CRIS) announced on October 1, 2025 that its independent Compensation Committee approved inducement stock option grants to two new employees totaling 84,750 shares (the "Q4 2025 Inducement Grants").

Each option has an exercise price equal to the closing price of Curis common stock on October 1, 2025, a 10-year term, and vests over four years: 25% at first anniversary of hire and then 6.25% every three months, subject to continued service. The awards were granted outside the company's 2010 Stock Incentive Plan as inducements to accept employment.

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LEXINGTON, Mass., Oct. 3, 2025 /PRNewswire/ -- Curis, Inc. (NASDAQ: CRIS), a biotechnology company focused on the development of emavusertib (CA-4948), an orally available, small molecule IRAK4 inhibitor, today announced that on October 1, 2025, the independent Compensation Committee of the Board of Directors of Curis approved the grant of inducement stock options to purchase a total of 84,750 shares of Curis common stock to two new employees, with a grant date of October 1, 2025 (the "Q4 2025 Inducement Grants").

Each of the Q4 2025 Inducement Grants has an exercise price per share equal to the closing price of the Company's common stock on October 1, 2025. Each stock option has a 10 year term and vests over four years, with 25% of the award vesting on the first anniversary of the employee's date of hire and an additional 6.25% of the award vesting on each successive three-month period thereafter, subject to the employee's continued service with the Company through the respective vesting dates. Each stock option was granted as an inducement equity award outside of the Company's Fifth Amended and Restated 2010 Stock Incentive Plan, as amended, and was made as an inducement material to the employee's acceptance of employment with the Company.

About Curis, Inc.

Curis is a biotechnology company focused on the development of emavusertib, an orally available, small molecule IRAK4 inhibitor. Emavusertib is currently being evaluated in the TakeAim Lymphoma Phase 1/2 study (CA-4948-101) in patients with relapsed/refractory primary central nervous system lymphoma (PCNSL) in combination with the BTK inhibitor ibrutinib, as a monotherapy in the TakeAim Leukemia Phase 1/2 study (CA-4948-102) in patients with relapsed/refractory acute myeloid leukemia (AML) and relapsed/refractory high risk myelodysplastic syndrome (hrMDS), and as a frontline combination therapy with venetoclax and azacitidine in patents with AML (CA-4948-104). Emavusertib has received Orphan Drug Designation from the U.S. Food and Drug Administration for the treatment of PCNSL, AML and MDS and from the European Commission for the treatment of PCNSL. Curis, through its 2015 collaboration with Aurigene, has the exclusive license to emavusertib (CA-4948). Curis licensed its rights to Erivedge® to Genentech, a member of the Roche Group, under which they are commercializing Erivedge® for the treatment of advanced basal cell carcinoma. For more information, visit Curis's website at www.curis.com.

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SOURCE Curis, Inc.

FAQ

How many shares did Curis (CRIS) grant under the October 1, 2025 inducement?

Curis granted options to purchase 84,750 shares to two new employees on October 1, 2025.

What is the exercise price for the CRIS inducement options dated October 1, 2025?

Each option's exercise price equals the closing price of CRIS common stock on October 1, 2025.

What are the term and vesting schedule for the CRIS Q4 2025 inducement grants?

Options have a 10-year term; they vest over four years with 25% at first anniversary and 6.25% each quarter thereafter.

Were the CRIS inducement options granted under the company's 2010 Stock Incentive Plan?

No. The options were granted outside the Fifth Amended and Restated 2010 Stock Incentive Plan as inducement awards.

How many employees received inducement grants from Curis (CRIS) on October 1, 2025?

Two new employees received the inducement stock option grants.

Do the CRIS inducement grants require continued service to vest?

Yes. Vesting is subject to the employee's continued service through each vesting date.