Ultragenyx Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

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Ultragenyx Pharmaceutical (NASDAQ: RARE) announced the grant of 21,806 restricted stock units to 16 newly hired non-executive officers. The awards, approved by the compensation committee and granted under the Ultragenyx Employment Inducement Plan on March 16, 2025, serve as an employment inducement in compliance with Nasdaq Listing Rule 5635(c)(4). The restricted stock units feature a four-year vesting schedule, with 25% of shares vesting annually on the grant date anniversary, contingent on continuous employment.

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NOVATO, Calif., March 19, 2025 (GLOBE NEWSWIRE) -- Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE), a biopharmaceutical company focused on the development and commercialization of novel therapies for rare and ultrarare diseases, today reported the grant of 21,806 restricted stock units of the company’s common stock to 16 newly hired non-executive officers of the company. The awards were approved by the compensation committee of the company’s board of directors and granted under the Ultragenyx Employment Inducement Plan, with a grant date of March 16, 2025, as an inducement material to the new employees entering into employment with Ultragenyx in accordance with Nasdaq Listing Rule 5635(c)(4).

The restricted stock units vest over four years, with 25% of the underlying shares vesting on each anniversary of the grant date, subject to the employee being continuously employed by the company as of such vesting dates.

About Ultragenyx Pharmaceutical Inc.
Ultragenyx is a biopharmaceutical company committed to bringing novel products to patients for the treatment of serious rare and ultrarare genetic diseases. The company has built a diverse portfolio of approved therapies and product candidates aimed at addressing diseases with high unmet medical need and clear biology for treatment, for which there are typically no approved therapies treating the underlying disease.

The company is led by a management team experienced in the development and commercialization of rare disease therapeutics. Ultragenyx’s strategy is predicated upon time- and cost-efficient drug development, with the goal of delivering safe and effective therapies to patients with the utmost urgency.

For more information on Ultragenyx, please visit the company's website at: www.ultragenyx.com.

Contact Ultragenyx
Investors & Media
Joshua Higa
(415) 475-6370

FAQ

How many restricted stock units did Ultragenyx (RARE) grant to new employees in March 2025?

Ultragenyx granted 21,806 restricted stock units to 16 newly hired non-executive officers.

What is the vesting schedule for Ultragenyx's (RARE) March 2025 restricted stock units?

The restricted stock units vest over four years, with 25% vesting annually on each grant date anniversary.

Under which plan were Ultragenyx's (RARE) March 2025 stock units granted?

The units were granted under the Ultragenyx Employment Inducement Plan in accordance with Nasdaq Rule 5635(c)(4).

What is the purpose of Ultragenyx's (RARE) March 2025 restricted stock unit grants?

The stock units serve as an employment inducement for 16 newly hired non-executive officers.