Praxis Precision Medicines, Inc. Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Rhea-AI Summary

Praxis Precision Medicines (Nasdaq: PRAX) announced on Dec 1, 2025 that its Compensation Committee granted restricted stock unit awards covering 3,594 shares to six new non-executive employees under the 2024 Inducement Plan in accordance with Nasdaq Listing Rule 5635(c)(4).

The awards were issued as inducements material to the employees joining Praxis and will vest in four equal annual installments, subject to continued employment on each vesting date. The 2024 Inducement Plan is limited to equity awards for individuals not previously employed by Praxis or returning after a bona fide break in service.

BOSTON, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Praxis Precision Medicines, Inc. (Nasdaq: PRAX), a clinical-stage biopharmaceutical company translating genetic insights into the development of therapies for central nervous system (CNS) disorders characterized by neuronal excitation-inhibition imbalance, today announced that on December 1, 2025, the Compensation Committee of Praxis’ Board of Directors granted restricted stock unit awards covering an aggregate of 3,594 shares of its common stock to six new non-executive employees under the Praxis Precision Medicines, Inc. 2024 Inducement Plan (the 2024 Inducement Plan). The restricted stock unit awards were granted as inducements material to the employees’ entering into employment with Praxis in accordance with Nasdaq Listing Rule 5635(c)(4).

The 2024 Inducement Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of Praxis, or following a bona fide period of non-employment, as an inducement material to such individuals’ entering into employment with Praxis, pursuant to Nasdaq Listing Rule 5635(c)(4).

The restricted stock units will vest in four equal annual installments, subject to the employee’s continued employment with Praxis on each vesting date.

About Praxis
Praxis Precision Medicines is a clinical-stage biopharmaceutical company translating insights from genetic epilepsies into the development of therapies for CNS disorders characterized by neuronal excitation-inhibition imbalance. Praxis is applying genetic insights to the discovery and development of therapies for rare and more prevalent neurological disorders through our proprietary small molecule platform, Cerebrum™, and antisense oligonucleotide (ASO) platform, Solidus™, using our understanding of shared biological targets and circuits in the brain. Praxis has established a diversified, multimodal CNS portfolio including multiple programs across epilepsy and movement disorders, with four clinical-stage product candidates. For more information, please visit www.praxismedicines.com and follow us on Facebook, LinkedIn and Twitter/X.

Contacts:
Investor Contact:
Praxis Precision Medicines
investors@praxismedicines.com
857-702-9452

Media Contact:
Dan Ferry
Life Science Advisors
Daniel@lifesciadvisors.com
617-430-7576

FAQ

What did Praxis (PRAX) announce on December 1, 2025 regarding equity grants?

Praxis granted restricted stock unit awards covering 3,594 shares to six new non-executive employees under the 2024 Inducement Plan.

Why were the restricted stock units issued under Nasdaq Listing Rule 5635(c)(4) for PRAX?

The awards were issued as inducements material to new hires, permitted by Nasdaq Listing Rule 5635(c)(4) for employees not previously employed or returning after a bona fide break.

How do the Praxis PRAX restricted stock units vest?

The restricted stock units will vest in four equal annual installments, contingent on each employee’s continued employment on each vesting date.

How many employees received inducement grants in the Praxis PRAX announcement?

Six new non-executive employees received restricted stock unit awards totaling 3,594 shares.

Does the Praxis PRAX announcement include executive stock grants or only non-executive hires?

The announcement specifies awards to six new non-executive employees, not to current executives.

What is the purpose of Praxis’s 2024 Inducement Plan mentioned in the PRAX filing?

The 2024 Inducement Plan is used exclusively to grant equity awards as inducements to individuals who were not previously employees or who returned after a bona fide non-employment period.