PTC Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

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PTC Therapeutics (NASDAQ: PTCT) announced inducement equity grants approved Oct. 23, 2025 for two new employees under Nasdaq Listing Rule 5635(c)(4).

The company granted non-statutory stock options to purchase an aggregate of 2,000 shares and 1,990 restricted stock units (RSUs). Options have an exercise price of $66.80 (closing price on Oct. 23, 2025), a 10-year term, and vest over four years: 25% at the first anniversary then 6.25% quarterly thereafter. RSUs vest over four years with 25% vesting on each annual anniversary. Grants were approved by the Compensation Committee and made as inducements to accept employment.

WARREN, N.J., Oct. 27, 2025 /PRNewswire/ -- PTC Therapeutics, Inc. (NASDAQ: PTCT) today announced that on Oct. 23, 2025, the company approved non-statutory stock options to purchase an aggregate of 2,000 shares of its common stock and 1,990 restricted stock units ("RSUs"), each representing the right to receive one share of its common stock upon vesting, to two new employees. The awards were made pursuant to the Nasdaq inducement grant exception as a component of the new hires' employment compensation.

The inducement grants were approved by PTC's Compensation Committee on Oct. 23, 2025, and are being made as an inducement material to each employee's acceptance of employment with the company in accordance with Nasdaq Listing Rule 5635(c)(4).

All stock option awards have an exercise price of $66.80 per share, the closing price of PTC's common stock on Oct. 23, 2025, the date of the grant. The stock options each have a 10-year term and vest over four years, with 25% of the original number of shares vesting on the first anniversary of the applicable employee's new hire date and 6.25% of the original number of shares vesting at the end of each subsequent three-month period thereafter until fully vested, subject to the employee's continued service with the company through the applicable vesting dates. The RSUs each will vest over four years, with 25% of the original number of shares vesting on each annual anniversary of the applicable employee's new hire date until fully vested, subject to the employee's continued service with the company through the applicable vesting dates.

ABOUT PTC THERAPEUTICS, INC.
PTC is a global biopharmaceutical company dedicated to the discovery, development and commercialization of clinically differentiated medicines for children and adults living with rare disorders. PTC is advancing a robust and diversified pipeline of transformative medicines as part of its mission to provide access to best-in-class treatments for patients with unmet medical needs. The company's strategy is to leverage its scientific expertise and global commercial infrastructure to optimize value for patients and other stakeholders. To learn more about PTC, please visit www.ptcbio.com and follow us on Facebook, X, and LinkedIn.

For more information, please contact:

Investors:
Ellen Cavaleri
+1 (615) 618-8228
ecavaleri@ptcbio.com

Media: 
Jeanine Clemente
+1 (908) 912-9406
jclemente@ptcbio.com

 

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SOURCE PTC Therapeutics, Inc.

FAQ

What equity did PTC Therapeutics (PTCT) grant on Oct. 23, 2025?

PTC granted non-statutory options for an aggregate of 2,000 shares and 1,990 RSUs to two new employees.

What is the exercise price and term of the PTCT inducement stock options?

Options have an exercise price of $66.80 and a 10-year term from the grant date.

How do the PTCT options vest after the Oct. 23, 2025 grant?

Options vest over four years with 25% at the first anniversary and 6.25% quarterly thereafter, subject to continued service.

What is the RSU vesting schedule for the PTCT inducement grants?

Each RSU award vests over four years with 25% vesting on each annual anniversary, subject to continued service.

Why were the PTCT grants made under Nasdaq Listing Rule 5635(c)(4)?

The grants were made as inducements material to employment under Nasdaq's exception to compensate new hires.