Syndax Pharmaceuticals Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

Syndax Pharmaceuticals (Nasdaq: SNDX) announced inducement equity awards granted on March 1, 2026.

Rhea-AI Summary

Syndax Pharmaceuticals (Nasdaq: SNDX) announced inducement equity awards granted on March 1, 2026. The company granted options to purchase up to 81,600 shares of common stock to three new employees under its 2023 Inducement Plan.

The options vest over four years: 25% after one year, then 1/48th monthly for 36 months, subject to continued service.

Argus Mar 5 session

-0.19% close to close 0.9x rel. volume Open Argus

Details

News Market Reaction – SNDX

On Mar 5, the first trading day after this news, SNDX closed 0.19% below the previous close.

Data tracked by StockTitan Argus for the Mar 5 session.

Key Figures

Inducement options: 81,600 shares New employees: 3 employees Vesting period: 4 years +3 more

Inducement options

81,600 shares

Options granted to three new employees on March 1, 2026

New employees

3 employees

Recipients of inducement awards under 2023 Inducement Plan

Vesting period

4 years

Stock options vest over four years

Cliff vesting

25%

Portion vesting at one-year anniversary of vesting commencement

Monthly vesting fraction

1/48th

Remaining shares vest monthly over the next 36 months

Monthly vesting term

36 months

Post-cliff vesting period for remaining option shares

Historical Context

5 past events · Latest: Feb 26

5 events

1. Feb 26

   Earnings and update

   24h Move

   +5.0%

   Q4 and FY2025 revenue growth plus business update and cash position.

2. Feb 23

   Investor conferences

   24h Move

   +1.1%

   Announcement of participation in several March 2026 investor conferences.

3. Feb 19

   Earnings date set

   24h Move

   +1.9%

   Scheduled Q4 and FY2025 results release and related conference call.

4. Feb 05

   Biotech summit talk

   24h Move

   -1.4%

   CEO fireside chat at a 2026 Guggenheim biotech summit.

5. Feb 04

   Inducement grants

   24h Move

   -1.4%

   Inducement option grants for new employees under 2023 Inducement Plan.

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

Key Terms

nasdaq listing rule 5635(c)(4), inducement awards, stock options

3 terms

nasdaq listing rule 5635(c)(4) regulatory

"Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)"

NASDAQ Listing Rule 5635(c)(4) is a rule that requires a company to get approval from its shareholders before selling a large amount of its shares, usually over 20%. This helps protect investors by making sure the company doesn't flood the market with new shares without their say, which could lower the stock's value.

inducement awards financial

"the Company granted inducement awards to purchase up to 81,600 shares"

Inducement awards are special bonuses given to new employees to encourage them to join a company, often in the form of stock or money. They matter because they can motivate talented people to choose one company over another and help align their success with the company's growth. Think of it like a signing bonus to seal the deal.

stock options financial

"The stock options will vest over four years, with 25% of the underlying"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

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NEW YORK, March 04, 2026 (GLOBE NEWSWIRE) -- Syndax Pharmaceuticals (Nasdaq: SNDX), a commercial-stage biopharmaceutical company advancing innovative cancer therapies, today announced that on March 1, 2026, the Company granted inducement awards to purchase up to 81,600 shares of common stock to three new employees under the Company's 2023 Inducement Plan. The stock options will vest over four years, with 25% of the underlying shares vesting on the one-year anniversary of the vesting commencement date and 1/48th of the underlying shares vesting monthly thereafter over 36 months, subject to the employee's continued service relationship with Syndax through the applicable vesting dates.

About Syndax
Syndax Pharmaceuticals is a commercial-stage biopharmaceutical company advancing innovative cancer therapies. Highlights of the Company's pipeline include Revuforj^® (revumenib), an FDA-approved menin inhibitor, and Niktimvo™ (axatilimab-csfr), an FDA-approved monoclonal antibody that blocks the colony stimulating factor 1 (CSF-1) receptor. Fueled by our commitment to reimagining cancer care, Syndax is working to unlock the full potential of its pipeline and is conducting several clinical trials across the continuum of treatment. For more information, please visit www.syndax.com or follow the Company on X and LinkedIn.

Syndax Contact

Sharon Klahre 
Syndax Pharmaceuticals, Inc. 
sklahre@syndax.com
Tel 781.684.9827

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What inducement awards did Syndax (SNDX) grant on March 1, 2026?

Syndax granted inducement stock options to purchase up to 81,600 shares to three new employees. According to Syndax, grants were made under the company’s 2023 Inducement Plan and include standard four-year vesting with a one-year cliff and monthly vesting thereafter.

How do the Syndax (SNDX) inducement options vest and when do they begin vesting?

The options vest over four years with a one-year cliff then monthly vesting. According to Syndax, 25% vests on the one-year anniversary, then 1/48th of the underlying shares vest monthly for the remaining 36 months, subject to continued employment.

How many employees received Syndax (SNDX) inducement awards and under which plan?

Three new employees received inducement awards under the company’s 2023 Inducement Plan. According to Syndax, the grants on March 1, 2026, total up to 81,600 optioned shares allocated among those hires.

Do Syndax (SNDX) inducement grants cause immediate dilution for shareholders?

The grants create potential future dilution if options are exercised, but they do not dilute outstanding shares immediately. According to Syndax, these are options subject to vesting and exercise events, so actual dilution depends on future exercises and timing.

What should investors know about the financial impact of Syndax (SNDX) inducement awards?

The announcement discloses 81,600 optioned shares granted, but no exercise price or immediate cash impact. According to Syndax, vesting is service‑based over four years, so material financial effects depend on future exercises and any reporting of share count changes.