Intellia Therapeutics Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

Rhea-AI Summary

Intellia Therapeutics (NASDAQ:NTLA), a clinical-stage gene editing company specializing in CRISPR-based therapies, has granted inducement awards to eight new employees under its 2024 Inducement Plan. The awards consist of time-based restricted stock units (RSUs) for 69,600 shares of common stock. The RSUs will vest in three equal installments on May 1 of 2026, 2027, and 2028, contingent on continued employment. These awards, approved by Intellia's compensation committee, were granted outside the company's stockholder-approved equity incentive plans in accordance with Nasdaq Listing Rule 5635(c)(4) as material inducement for employment.

CAMBRIDGE, Mass., May 06, 2025 (GLOBE NEWSWIRE) -- Intellia Therapeutics, Inc. (NASDAQ:NTLA), a leading clinical-stage gene editing company focused on revolutionizing medicine with CRISPR-based therapies, today announced that on May 1, 2025, it awarded an inducement grant to eight new employees under Intellia’s 2024 Inducement Plan as a material inducement to employment.

The inducement grant consisted of time-based restricted stock units (“RSUs”) for 69,600 shares of Intellia’s common stock, with one-third of such RSUs vesting on May 1, 2026, 2027 and 2028.

All equity vesting is subject to each employee’s continued service as an employee of, or other service provider to, Intellia through the applicable vesting dates.

All of the above-described awards were granted outside of Intellia’s stockholder-approved equity incentive plans pursuant to Intellia’s 2024 Inducement Plan, which was adopted by the board of directors in June 2024. These awards were approved by Intellia’s compensation committee as a material inducement to entering into employment with Intellia in accordance with Nasdaq Listing Rule 5635(c)(4).

About Intellia Therapeutics

Intellia Therapeutics, Inc. (NASDAQ:NTLA) is a leading clinical-stage gene editing company focused on revolutionizing medicine with CRISPR-based therapies. Since its inception, Intellia has focused on leveraging gene editing technology to develop novel, first-in-class medicines that address important unmet medical needs and advance the treatment paradigm for patients. Intellia’s deep scientific, technical and clinical development experience, along with its people, is helping set the standard for a new class of medicine. To harness the full potential of gene editing, Intellia continues to expand the capabilities of its CRISPR-based platform with novel editing and delivery technologies. Learn more at intelliatx.com and follow us @intelliatx.

Intellia Contacts:

Investors:
Brittany Chaves
Senior Manager, Investor Relations
brittany.chaves@intelliatx.com

FAQ

How many RSUs did Intellia Therapeutics (NTLA) grant in its May 2025 inducement awards?

Intellia Therapeutics granted 69,600 restricted stock units (RSUs) to eight new employees.

What is the vesting schedule for Intellia's May 2025 inducement RSUs?

The RSUs vest in three equal installments on May 1 of 2026, 2027, and 2028, subject to continued employment.

Under which plan were Intellia's May 2025 inducement grants awarded?

The grants were awarded under Intellia's 2024 Inducement Plan, outside of the company's stockholder-approved equity incentive plans.

Why did Intellia Therapeutics issue these inducement grants in May 2025?

The grants were issued as a material inducement to employment for eight new employees, in accordance with Nasdaq Listing Rule 5635(c)(4).