4DMT Announces New Employment Inducement Grants

Rhea-AI Summary

4D Molecular Therapeutics (Nasdaq: FDMT) has announced the granting of employment inducement awards to eight new non-executive employees. On May 13, 2025, the company's compensation committee approved the issuance of 31,800 Restricted Stock Units (RSUs) under its 2025 Employment Inducement Award Plan. This plan was established in February 2025 and approved by the board of directors in compliance with Nasdaq Global Market Rule 5635(c)(4), which specifically allows for equity grants as employment inducements for new hires.

EMERYVILLE, Calif., May 16, 2025 (GLOBE NEWSWIRE) -- 4D Molecular Therapeutics (Nasdaq: FDMT, 4DMT or the Company), a leading late-stage biotechnology company advancing durable and disease-targeted therapeutics with potential to transform treatment paradigms and provide unprecedented benefits to patients, today announced that on May 13, 2025, the compensation committee of the Company’s board of directors granted eight new non-executive employees 31,800 Restricted Stock Units (RSUs). The RSUs were granted pursuant to the Company’s 2025 Employment Inducement Award Plan, which was approved by the Company’s board of directors in February 2025 under Rule 5635(c)(4) of The Nasdaq Global Market for equity grants to induce new employees to enter into employment with the Company.

About 4DMT

4DMT is a leading late-stage biotechnology company advancing durable and disease-targeted therapeutics with potential to transform treatment paradigms and provide unprecedented benefits to patients. Our lead product candidate 4D-150 is designed to be a backbone therapy forming the foundation of treatment of blinding retinal vascular diseases by providing multi-year sustained delivery of anti-VEGF (aflibercept and anti-VEGF-C) with a single, safe, intravitreal injection, which substantially reduces the treatment burden associated with current bolus injections. Our lead indication for 4D-150 is wet age-related macular degeneration, which is currently in Phase 3 development, and second indication is diabetic macular edema. Our second product candidate is 4D-710, which is the first known genetic medicine to demonstrate successful delivery and expression of the CFTR transgene in the lungs of people with cystic fibrosis after aerosol delivery. 4D Molecular Therapeutics™, 4DMT™, Therapeutic Vector Evolution™, and the 4DMT logo are trademarks of 4DMT.

All of our product candidates are in clinical or preclinical development and have not yet been approved for marketing by the U.S. Food and Drug Administration or any other regulatory authority. No representation is made as to the safety or effectiveness of our product candidates for the therapeutic uses for which they are being studied.

Learn more at www.4DMT.com and follow us on LinkedIn.

Contacts:

Media:

Jenn Gordon
dna Communications
Media@4DMT.com

Investors:

Julian Pei
Head of Investor Relations and Corporate Finance
Investor.Relations@4DMT.com

FAQ

How many RSUs did 4D Molecular Therapeutics (FDMT) grant to new employees in May 2025?

4DMT granted 31,800 Restricted Stock Units (RSUs) to eight new non-executive employees on May 13, 2025.

What is the purpose of FDMT's 2025 Employment Inducement Award Plan?

The plan was established to provide equity grants as employment inducements to attract new employees to join 4D Molecular Therapeutics, in accordance with Nasdaq Global Market rules.

When was FDMT's 2025 Employment Inducement Award Plan approved?

The Employment Inducement Award Plan was approved by 4DMT's board of directors in February 2025.

Which Nasdaq rule allows FDMT to grant these inducement awards?

The grants were made under Rule 5635(c)(4) of The Nasdaq Global Market, which permits equity grants as employment inducements for new hires.