ORIC Pharmaceuticals Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

ORIC Pharmaceuticals granted stock options and restricted stock units as inducement awards to two new non-executive employees under its 2022 plan.

Rhea-AI Summary

ORIC Pharmaceuticals (ORIC) granted inducement equity awards to two new non-executive employees effective September 1, 2026. The awards comprise 39,200 non-qualified stock options and 6,400 restricted stock units issued under the 2022 Inducement Equity Incentive Plan, subject to continued employment or service. The stock options have an exercise price equal to the closing price of ORIC’s common stock on the grant date. Options vest 25% after one year, then 1/36 of the remainder monthly, while RSUs vest in three equal annual installments. The Compensation Committee approved the grants as material inducements to employment in line with Nasdaq Rule 5635(c)(4).

Market Context

0.89% was ORIC’s 24-hour reaction to the August 7 inducement-grant announcement, providing a direct ...

Analysis

0.89% was ORIC’s 24-hour reaction to the August 7 inducement-grant announcement, providing a direct historical comparison for this award disclosure. Recent insider activity was net selling, adding a risk lens to equity compensation.

Key Figures

Grant Date: September 1, 2026 Recipients: 2 new employees Stock Options: 39,200 non-qualified stock options +4 more

7 metrics

Grant Date September 1, 2026 Inducement awards

Recipients 2 new employees Non-executive employees

Stock Options 39,200 non-qualified stock options Inducement grants

Restricted Stock Units 6,400 restricted stock units Inducement grants

Initial Option Vesting 25% On the one-year anniversary of the Grant Date

Monthly Option Vesting 1/36th Of remaining shares each month

RSU Vesting 1/3rd On each of the first three anniversaries

Historical Context

5 past events · Latest: Sep 02 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Sep 02	Investor conferences	Neutral	-3.0%	Announced participation in three September healthcare investor conferences.
Aug 07	Inducement grants	Neutral	+0.9%	Granted equity awards to five new employees under Nasdaq Rule 5635(c)(4).
Aug 03	Quarterly earnings	Positive	+27.1%	Reported quarterly results, cash resources, and advancement of its oncology pipeline.
Jul 20	Conference presentations	Neutral	-2.9%	Announced three poster presentations for the upcoming ESMO Congress.
Jul 14	Clinical partnership	Positive	+5.6%	Initiated a Phase 3 trial and announced a Bayer collaboration.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

ORIC reacted positively to prior earnings and partnership announcements but negatively to conference and presentation notices; a prior inducement-grant announcement produced a 0.89% gain.

Key Terms

non-qualified stock options, restricted stock units, inducement grants, nasdaq rule 5635(c)(4)

4 terms

non-qualified stock options financial

"ORIC granted a total of 39,200 non-qualified stock options"

Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.

restricted stock units financial

"and 6,400 restricted stock units to two new non-executive employees"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

inducement grants regulatory

"These inducement grants were granted pursuant to the ORIC Pharmaceuticals"

Inducement grants are special awards of shares or stock options given to new employees to encourage them to join a company or accept a new role. They act like a welcome bonus, providing an extra incentive to attract talent. For investors, these grants can impact a company's costs and share structure, influencing the value of their investments.

nasdaq rule 5635(c)(4) regulatory

"as required by Nasdaq Rule 5635(c)(4)"

NASDAQ Rule 5635(c)(4) is a listing standard that requires a company to obtain shareholder approval before issuing a substantial number of new shares or convertible securities in certain financing or insider-related transactions that would materially dilute existing holders. It matters to investors because the vote gives shareholders a check on deals that could significantly change ownership stakes or voting power—like a homeowners’ association approving a major renovation that affects the whole neighborhood’s value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SOUTH SAN FRANCISCO, Calif. and SAN DIEGO, Sept. 04, 2026 (GLOBE NEWSWIRE) -- ORIC Pharmaceuticals, Inc. (Nasdaq:ORIC), a clinical stage oncology company focused on developing treatments that address mechanisms of therapeutic resistance, today announced that on September 1, 2026 (the “Grant Date”), ORIC granted a total of 39,200 non-qualified stock options and 6,400 restricted stock units to two new non-executive employees who began their employment with ORIC in August 2026.

These inducement grants were granted pursuant to the ORIC Pharmaceuticals, Inc. 2022 Inducement Equity Incentive Plan, subject to recipient’s continued employment or service through each applicable vesting date. The stock options have an exercise price equal to the closing price of ORIC’s common stock on the Grant Date. Twenty-five percent (25%) of the shares subject to the stock options will vest on the one (1) year anniversary of the Grant Date, with one thirty-sixth (1/36^th) of the remaining shares vesting each one-month period thereafter. One-third (1/3^rd) of the restricted stock units will vest on each of the first three anniversaries of the Grant Date. The inducement grants are subject to the terms and conditions of the applicable stock option and restricted stock unit agreements and the ORIC Pharmaceuticals, Inc. 2022 Inducement Equity Incentive Plan.

The inducement grants were approved by ORIC’s Compensation Committee of the Board of Directors, as required by Nasdaq Rule 5635(c)(4), and were granted as a material inducement to employment in accordance with Nasdaq Rule 5635(c)(4).

About ORIC Pharmaceuticals, Inc.

ORIC Pharmaceuticals is a clinical stage biopharmaceutical company dedicated to improving patients’ lives by Overcoming Resistance In Cancer. ORIC’s clinical stage product candidates include (1) rinzimetostat, an allosteric inhibitor of the polycomb repressive complex 2 (PRC2) via the EED subunit, being developed for prostate cancer, and (2) enozertinib, a brain penetrant inhibitor targeting EGFR exon 20 insertion and EGFR atypical mutations, being developed for NSCLC. ORIC has offices in South San Francisco and San Diego, California. For more information, please go to www.oricpharma.com, and follow us on X or LinkedIn.

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements as that term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements. Such forward-looking statements include, among other things, statements regarding the vesting of the inducement grants; target indications for ORIC’s product candidates; the potential advantages of ORIC’s product candidates; and plans underlying ORIC’s clinical trials and development. Words such as “believes,” “anticipates,” “plans,” “expects,” “intends,” “will,” “goal,” “potential” and similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein are based upon ORIC’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results could differ materially from those projected in any forward-looking statements due to numerous risks and uncertainties, including but not limited to: risks associated with the process of discovering, developing and commercializing drugs that are safe and effective for use as human therapeutics and operating as an early clinical stage company; ORIC’s ability to develop, initiate or complete preclinical studies and clinical trials for, obtain approvals for and commercialize any of its product candidates; changes in ORIC’s plans to develop and commercialize its product candidates; the potential for clinical trials of ORIC’s product candidates to differ from preclinical, initial, interim, preliminary or expected results; negative impacts of health emergencies, economic instability or international conflicts on ORIC’s operations, including clinical trials; the risk of the occurrence of any event, change or other circumstance that could give rise to the termination of ORIC’s license and collaboration agreements; the potential market for our product candidates, and the progress and success of competing therapeutics currently available or in development; ORIC’s ability to raise any additional funding it will need to continue to pursue its business and product development plans; regulatory developments in the United States and foreign countries; ORIC’s reliance on third parties, including contract manufacturers and contract research organizations; ORIC’s ability to obtain and maintain intellectual property protection for its product candidates; the loss of key scientific or management personnel; competition in the industry in which ORIC operates; general economic and market conditions; and other risks. Information regarding the foregoing and additional risks may be found in the section entitled “Risk Factors” in ORIC’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”) on August 3, 2026, and ORIC’s future reports to be filed with the SEC. These forward-looking statements are made as of the date of this press release, and ORIC assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law.

Contact:
Dominic Piscitelli, Chief Financial Officer
dominic.piscitelli@oricpharma.com
info@oricpharma.com

FAQ

What equity awards did ORIC (ORIC) grant as inducement awards on September 1, 2026?

ORIC granted a total of 39,200 non-qualified stock options and 6,400 restricted stock units to two new non-executive employees as inducement awards under its 2022 Inducement Equity Incentive Plan.

How do the new ORIC (ORIC) inducement stock options vest?

For the inducement stock options, 25% of the shares vest on the first anniversary of the grant date, and 1/36 of the remaining shares vest each month thereafter, subject to continued employment or service.

What is the vesting schedule for the ORIC (ORIC) inducement restricted stock units?

The inducement restricted stock units vest in three equal tranches: one-third (1/3) of the RSUs vest on each of the first three anniversaries of the September 1, 2026 grant date, subject to continued employment or service.

At what price were the ORIC (ORIC) inducement stock options granted?

The inducement stock options were granted with an exercise price equal to the closing price of ORIC’s common stock on the September 1, 2026 grant date, as set under the 2022 Inducement Equity Incentive Plan.

Why were the ORIC (ORIC) inducement grants made under Nasdaq Rule 5635(c)(4)?

The company states that the inducement grants were approved by its Compensation Committee and were granted as a material inducement to employment, in accordance with Nasdaq Listing Rule 5635(c)(4) requirements for equity awards outside shareholder-approved plans.