Karyopharm Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

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Karyopharm Therapeutics (NASDAQ: KPTI), a commercial-stage pharmaceutical company focused on cancer therapies, has granted 983 restricted stock units (RSUs) to two newly-hired employees as inducement awards. The RSUs were granted on April 30, 2025, under the company's 2022 Inducement Stock Incentive Plan, complying with Nasdaq Listing Rule 5635(c)(4).

The RSUs will vest over a three-year period, with 33 1/3% vesting annually on the grant date anniversary, contingent on continued employment. In case of a change in control event, the RSUs will fully vest if the employee is terminated for "good reason" or without "cause" within one year of the event.

NEWTON, Mass., May 1, 2025 /PRNewswire/ -- Karyopharm Therapeutics Inc. (Nasdaq: KPTI), a commercial-stage pharmaceutical company pioneering novel cancer therapies, today announced that the Company granted an aggregate of 983 restricted stock units (RSUs) to two newly-hired employees. These RSU awards were granted as of April 30, 2025 (the "Grant Date") pursuant to the Company's 2022 Inducement Stock Incentive Plan, as amended, as inducements material to the new employees entering into employment with Karyopharm in accordance with Nasdaq Listing Rule 5635(c)(4).

Each RSU award will vest over three years, with 33 1/3% of the shares underlying the RSU award vesting on each of the three consecutive anniversaries of the Grant Date. The vesting of each RSU award is subject to the employee's continued service as an employee of, or other service provider to, Karyopharm through the applicable vesting dates.

In addition, each RSU award will be immediately exercisable in full if, on or prior to the first anniversary of the consummation of a "change in control event," the employee's employment is terminated for "good reason" by the employee or terminated without "cause" by Karyopharm (as such terms are defined in the 2022 Inducement Stock Incentive Plan, as amended).

About Karyopharm Therapeutics

Karyopharm Therapeutics Inc. (Nasdaq: KPTI) is a commercial-stage pharmaceutical company whose dedication to pioneering novel cancer therapies is fueled by a belief in the extraordinary strength and courage of patients with cancer. Since its founding, Karyopharm has been an industry leader in oral compounds that address nuclear export dysregulation, a fundamental mechanism of oncogenesis. Karyopharm's lead compound and first­in­class, oral exportin 1 (XPO1) inhibitor, XPOVIO^® (selinexor), is approved in the U.S. and marketed by the Company in three oncology indications. It has also received regulatory approvals in various indications in a growing number of ex­U.S. territories and countries, including Europe and the United Kingdom (as NEXPOVIO^®) and China. Karyopharm has a focused pipeline targeting indications in multiple high unmet need cancers, including in multiple myeloma, endometrial cancer, myelofibrosis, and diffuse large B-cell lymphoma (DLBCL). For more information about our people, science and pipeline, please visit www.karyopharm.com, and follow us on LinkedIn and on X at @Karyopharm.

XPOVIO^® and NEXPOVIO^® are registered trademarks of Karyopharm Therapeutics Inc.

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SOURCE Karyopharm Therapeutics Inc.

FAQ

What type of RSU grants did Karyopharm Therapeutics (KPTI) announce on May 1, 2025?

Karyopharm announced the grant of 983 restricted stock units (RSUs) to two newly-hired employees as inducement awards under their 2022 Inducement Stock Incentive Plan.

What is the vesting schedule for KPTI's RSU grants announced in May 2025?

The RSUs vest over three years, with 33 1/3% vesting on each anniversary of the April 30, 2025 grant date, subject to continued employment.

What happens to KPTI's RSU grants in case of a change in control event?

The RSUs will vest immediately if the employee is terminated for 'good reason' or without 'cause' within one year of a change in control event.

Under which Nasdaq rule did Karyopharm issue these RSU grants?

The RSUs were granted in accordance with Nasdaq Listing Rule 5635(c)(4) as inducements for new employees.