Madrigal Pharmaceuticals Announces Grants of Inducement Awards under Nasdaq Listing Rule 5635(c)(4)

Rhea-AI Summary

Madrigal Pharmaceuticals (NASDAQ:MDGL) announced inducement equity awards granted on October 1, 2025 to 27 new non-executive employees under its 2025 Inducement Plan.

The awards, approved by the independent Compensation Committee consistent with Nasdaq Listing Rule 5635(c)(4), comprise options to purchase 1,602 shares and 10,973 time‑based restricted stock units (RSUs) in the aggregate. Option exercise price is $449.14 per share (closing price on grant date).

Vesting: options vest 25% at one year then 6.25% each quarter thereafter; RSUs vest in four equal annual installments. All vesting is conditioned on continued employment as of each vesting date.

CONSHOHOCKEN, Pa., Oct. 07, 2025 (GLOBE NEWSWIRE) -- Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL), a biopharmaceutical company focused on delivering novel therapeutics for metabolic dysfunction-associated steatohepatitis (MASH), today announced that it granted equity awards on October 1, 2025 to 27 new non-executive employees as equity inducement awards under the terms of Madrigal’s 2025 Inducement Plan. The equity awards were approved by Madrigal’s independent Compensation Committee in accordance with Nasdaq Listing Rule 5635(c)(4).

The equity awards were granted as inducement material to employees’ acceptance of employment with the company. The new employees received, in the aggregate, options to purchase 1,602 shares of Madrigal’s common stock, and in the aggregate 10,973 time-based restricted stock units. Options have an exercise price of $449.14 per share, which is equal to the closing price of the company’s common stock on the grant date. Options vest as follows: (i) 25% of the option shares will vest on the first anniversary of the grant date and (ii) 6.25% of the option shares will vest on each quarterly anniversary following the first anniversary of the grant date. All restricted stock units granted vest in four equal installments on each of the first through fourth anniversaries of the grant date. The vesting of all awards described above shall be subject to each such employee’s continued employment as of the applicable vesting date.

About Madrigal Pharmaceuticals

Madrigal Pharmaceuticals, Inc. (Nasdaq: MDGL) is a biopharmaceutical company focused on delivering novel therapeutics for metabolic dysfunction-associated steatohepatitis (MASH), a liver disease with high unmet medical need. Madrigal’s medication, Rezdiffra (resmetirom), is a once-daily, oral, liver-directed THR-β agonist designed to target key underlying causes of MASH. Rezdiffra is the first and only medication approved by both the FDA and European Commission for the treatment of MASH with moderate to advanced fibrosis (F2 to F3). An ongoing Phase 3 outcomes trial is evaluating Rezdiffra for the treatment of compensated MASH cirrhosis (F4c). For more information, visit www.madrigalpharma.com.

Investor Contact
Tina Ventura, IR@madrigalpharma.com

Media Contact
Christopher Frates, media@madrigalpharma.com

FAQ

What equity inducement did Madrigal (MDGL) grant on October 1, 2025?

Madrigal granted options to buy 1,602 shares and 10,973 time‑based RSUs to 27 new non‑executive hires.

What is the exercise price of the MDGL options granted as inducements?

The options carry an exercise price of $449.14 per share, equal to the closing price on the grant date.

How do the MDGL options vest for the October 1, 2025 grants?

Options vest 25% at the first anniversary, then 6.25% each quarterly anniversary thereafter, subject to continued employment.

What is the vesting schedule for the MDGL restricted stock units granted October 1, 2025?

All RSUs vest in four equal annual installments on each of the first through fourth anniversaries, conditional on continued employment.

Under what authority were the MDGL inducement awards approved?

The awards were approved by the independent Compensation Committee under Nasdaq Listing Rule 5635(c)(4) and Madrigal’s 2025 Inducement Plan.

How many employees received inducement awards from Madrigal on October 1, 2025?

27 new non‑executive employees received inducement equity awards on that date.