Fate Therapeutics Reports New Employee Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)

Rhea-AI Summary

Fate Therapeutics (NASDAQ: FATE), a clinical-stage biopharmaceutical company focused on iPSC-derived cellular immunotherapies for cancer and autoimmune diseases, has announced new employee inducement awards. The company granted restricted stock units (RSUs) for 32,200 shares of common stock to two newly-hired non-executive employees on April 1, 2025.

The grants, approved by the Compensation Committee under the Company's Amended and Restated Inducement Equity Plan, will vest over four years, with 25% vesting annually on each grant date anniversary. The awards comply with Nasdaq Listing Rule 5635(c)(4) and are contingent on continuous employment through each vesting date.

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SAN DIEGO, April 02, 2025 (GLOBE NEWSWIRE) -- Fate Therapeutics, Inc. (NASDAQ: FATE), a clinical-stage biopharmaceutical company dedicated to bringing a first-in-class pipeline of induced pluripotent stem cell (iPSC)-derived cellular immunotherapies to patients with cancer and autoimmune diseases, today announced that on April 1, 2025 the Company granted restricted stock units (RSUs) representing 32,200 shares of its common stock to two newly-hired non-executive employees. The grants were approved by the Compensation Committee of the Company’s Board of Directors and granted under the Company’s Amended and Restated Inducement Equity Plan as an inducement material to the new employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The RSUs will vest over four years, with 25% of the shares underlying each RSU award vesting on each anniversary of the grant date, subject to the employees being continuously employed by the Company through each vesting date.

About Fate Therapeutics, Inc.
Fate Therapeutics is a clinical-stage biopharmaceutical company dedicated to bringing a first-in-class pipeline of induced pluripotent stem cell (iPSC)-derived cellular immunotherapies to patients with cancer and autoimmune diseases. Using its proprietary iPSC product platform, the Company has established a leadership position in creating multiplexed-engineered iPSC lines and in the manufacture and clinical development of off-the-shelf, iPSC-derived cell products. The Company’s pipeline includes iPSC-derived natural killer (NK) cell and T-cell product candidates, which are selectively designed, incorporate novel synthetic controls of cell function, and are intended to deliver multiple therapeutic mechanisms to patients. Fate Therapeutics is headquartered in San Diego, CA. For more information, please visit www.fatetherapeutics.com.

Contact:
Christina Tartaglia
Precision AQ
212.362.1200
christina.tartaglia@precisionaq.com

FAQ

How many shares of FATE stock were granted as RSUs in the April 2025 inducement awards?

Fate Therapeutics granted RSUs representing 32,200 shares of common stock to two new non-executive employees.

What is the vesting schedule for FATE's April 2025 RSU inducement awards?

The RSUs vest over 4 years, with 25% vesting annually on each anniversary of the grant date.

Under which regulatory rule were FATE's April 2025 inducement awards granted?

The awards were granted under Nasdaq Listing Rule 5635(c)(4) as employment inducement awards.

Who approved the FATE inducement equity awards in April 2025?

The grants were approved by the Compensation Committee of Fate Therapeutics' Board of Directors.