NewAmsterdam Pharma Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Rhea-AI Summary

NewAmsterdam Pharma (NAMS) has granted inducement share options to eleven new non-executive employees. The grant, approved by the Company's Compensation Committee, covers 197,000 ordinary shares under the 2024 Inducement Plan, complying with Nasdaq Listing Rule 5635(c)(4).

The share options have an exercise price of $20.03, matching the closing price of NAMS shares on May 1, 2025. The options will vest over a four-year period, with 25% vesting after one year and the remaining 75% vesting in 36 monthly installments, contingent on continued employment.

NAARDEN, the Netherlands and MIAMI, May 02, 2025 (GLOBE NEWSWIRE) -- NewAmsterdam Pharma Company N.V. (Nasdaq: NAMS or “NewAmsterdam” or the “Company”), a late-stage, clinical biopharmaceutical company developing oral, non-statin medicines for patients at risk of cardiovascular disease (“CVD”) with elevated low-density lipoprotein cholesterol (“LDL-C”), for whom existing therapies are not sufficiently effective or well-tolerated, today announced that the Compensation Committee of NewAmsterdam’s Board of Directors approved the grant of inducement share options covering an aggregate of 197,000 of NewAmsterdam’s ordinary shares to eleven non-executive new hires. The share options were granted as an inducement material to the employees’ acceptance of employment with NewAmsterdam pursuant to the NewAmsterdam Pharma Company N.V. 2024 Inducement Plan (the “2024 Inducement Plan”) and in accordance with Nasdaq Listing Rule 5635(c)(4).

The share options have an exercise price per share equal to $20.03, which represents the closing market price on the Nasdaq Stock Market of the Company’s ordinary shares on, May 1, 2025, the grant date. The shares subject to the options will vest over four years, with 25% of the shares vesting on the one-year anniversary of the applicable vesting commencement date and the balance of the shares vesting in a series of 36 equal monthly installments thereafter, subject to each employee’s continued service with NewAmsterdam on such vesting dates. The options are subject to the terms and conditions of the 2024 Inducement Plan and the terms and conditions of an option award agreement covering the grant.

About NewAmsterdam
NewAmsterdam Pharma (Nasdaq: NAMS) is a late-stage biopharmaceutical company whose mission is to improve patient care in populations with metabolic diseases where currently approved therapies have not been adequate or well tolerated. We seek to fill a significant unmet need for a safe, well-tolerated and convenient LDL-lowering therapy. In multiple phase 3 studies, NewAmsterdam is investigating obicetrapib, an oral, low-dose and once-daily CETP inhibitor, alone or as a fixed-dose combination with ezetimibe, as LDL-C lowering therapies to be used as an adjunct to statin therapy for patients at risk of CVD with elevated LDL-C, for whom existing therapies are not sufficiently effective or well tolerated.

Company Contact
Matthew Philippe
P: 1-917-882-7512
matthew.philippe@newamsterdampharma.com

FAQ

What is the exercise price for NAMS inducement share options granted on May 1, 2025?

The exercise price for the NAMS inducement share options is $20.03, equal to the closing market price of NewAmsterdam's ordinary shares on May 1, 2025.

How many ordinary shares are covered in NAMS's May 2025 inducement grants?

The inducement grants cover 197,000 ordinary shares of NewAmsterdam Pharma, distributed among eleven non-executive new hires.

What is the vesting schedule for NAMS's 2024 Inducement Plan options?

The options vest over 4 years, with 25% vesting after the first year and the remaining 75% vesting in 36 equal monthly installments, subject to continued employment.

What is the purpose of NewAmsterdam Pharma's inducement grants under Nasdaq Rule 5635(c)(4)?

The inducement grants were made as a material incentive for new employees to accept employment with NewAmsterdam Pharma, in accordance with Nasdaq listing rules.