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

Syndax Pharmaceuticals (Nasdaq: SNDX) granted inducement awards on May 1, 2026, to eight new employees to purchase up to 162,100 shares under its 2023 Inducement Plan.

Rhea-AI Summary

Syndax Pharmaceuticals (Nasdaq: SNDX) granted inducement awards on May 1, 2026, to eight new employees to purchase up to 162,100 shares under its 2023 Inducement Plan. The stock options vest over four years: 25% at one year, then 1/48th monthly over the following 36 months, subject to continued service.

Argus May 7 session

-0.53% close to close 0.7x rel. volume Open Argus

Details

News Market Reaction – SNDX

On May 7, the first trading day after this news, SNDX closed 0.53% below the previous close.

Data tracked by StockTitan Argus for the May 7 session.

Key Figures

Inducement option shares: 162,100 shares New employees: 8 Vesting period: 4 years +3 more

Inducement option shares

162,100 shares

Options to purchase common stock granted May 1, 2026

New employees

8

Recipients of inducement awards under 2023 Inducement Plan

Vesting period

4 years

Total vesting duration for inducement stock options

Cliff vesting

25%

Portion vesting on one-year anniversary of vesting commencement

Monthly vesting fraction

1/48th

Portion vesting monthly after first year

Post-cliff vesting period

36 months

Monthly vesting duration following first-year cliff

Historical Context

5 past events · Latest: Apr 30

5 events

1. Apr 30

   Q1 2026 earnings

   24h Move

   -10.8%

   Strong Q1 2026 revenue growth but continuing net loss and high R&D and SG&A.

2. Apr 24

   Earnings call date

   24h Move

   +1.9%

   Announcement of Q1 2026 results date and investor conference call details.

3. Apr 03

   Inducement grants

   24h Move

   -3.4%

   Inducement stock options for up to 228,500 shares to eight new employees.

4. Mar 04

   Inducement grants

   24h Move

   -0.2%

   Inducement options for up to 81,600 shares for three new employees.

5. Feb 26

   FY 2025 earnings

   24h Move

   +5.0%

   Q4 and FY25 revenue growth from Revuforj and Niktimvo with narrowed losses.

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

Key Terms

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

4 terms

inducement awards financial

"the Company granted inducement awards to purchase up to 162,100 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.

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.

stock options financial

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

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.

vesting financial

"25% of the underlying shares vesting on the one-year anniversary"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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

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NEW YORK, May 06, 2026 (GLOBE NEWSWIRE) -- Syndax Pharmaceuticals (Nasdaq: SNDX), a commercial-stage biopharmaceutical company advancing innovative cancer therapies, today announced that on May 1, 2026, the Company granted inducement awards to purchase up to 162,100 shares of common stock to eight 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 May 1, 2026?

The company granted inducement options to purchase up to 162,100 shares to eight new hires. According to the company, the awards were made under the 2023 Inducement Plan and are intended as new-hire equity compensation.

How do the SNDX inducement options vest and over what timeline?

Options vest over four years: 25% at one year, then 1/48th monthly over 36 months. According to the company, vesting is subject to each employee's continued service through the applicable vesting dates.

How many employees received inducement awards from Syndax (SNDX)?

Eight new employees received the inducement awards. According to the company, the grants were issued on May 1, 2026, under the company's 2023 Inducement Plan for new hires.

Will the SNDX inducement grants dilute existing shareholders?

The awards allow purchase of up to 162,100 shares, which could dilute existing holders if exercised. According to the company, actual dilution depends on future option exercises and outstanding shares at that time.

Where can investors find more details about Syndax (SNDX) inducement grants?

Investors can review company filings and investor materials for full terms and amounts. According to the company, the grants were made under the 2023 Inducement Plan and are described in its disclosures dated May 6, 2026.