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

Rhea-AI Summary

TransMedics (Nasdaq: TMDX) on October 27, 2025 granted inducement equity awards to 15 new employees under Nasdaq Listing Rule 5635(c)(4) and the TransMedics Inducement Plan. The company granted non-qualified stock options to purchase an aggregate of 27,582 shares and 18,299 restricted stock units.

Options carry a $132.45 per-share exercise price (closing price on October 27, 2025), a 10-year term, and vest 25% after one year with the remainder vesting monthly over the next three years. RSUs vest 25% on each of the first four anniversaries of employment, each subject to continued service and plan terms.

News Market Reaction – TMDX

-5.18%

1 alert

-5.18% News Effect

On the day this news was published, TMDX declined 5.18%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ANDOVER, Mass., Oct. 31, 2025 /PRNewswire/ -- TransMedics Group, Inc. ("TransMedics") (Nasdaq: TMDX), a medical technology company that is transforming organ transplant therapy for patients with end-stage lung, heart, and liver failure, today announced that on October 27, 2025, TransMedics granted non-qualified stock options to purchase an aggregate of 27,582 shares of its common stock and an aggregate of 18,299 restricted stock units to 15 employees, each as a material inducement for each employee's entry into employment with TransMedics. The grants were approved by the Compensation Committee of the TransMedics Board of Directors and were granted in accordance with Nasdaq Listing Rule 5635(c)(4) and pursuant to the TransMedics Group, Inc. Inducement Plan.

TransMedics granted non-qualified stock options to purchase 27,582 shares of TransMedics' common stock and 18,299 restricted stock units in the aggregate. The stock options were granted with a per share exercise price of $132.45, the closing price of the common stock on the Nasdaq Global Market on October 27, 2025. Twenty-five percent of the shares subject to each option will vest on the first yearly anniversary of the date of the employee's start of employment, with the remainder vesting in equal monthly installments over the subsequent three year period, subject to the employee's continued service with the company through the applicable vesting date. The options have a 10-year term and are subject to the terms of the TransMedics Group, Inc. Inducement Plan. Twenty-five percent of each restricted stock unit award will vest on the first four anniversaries of the date of the employee's start of employment, subject to the employee's continued service with the company through the applicable vesting date. The restricted stock units are subject to the terms of the TransMedics Group, Inc. Inducement Plan.

About TransMedics Group, Inc.

TransMedics is the world's leader in portable extracorporeal warm perfusion and assessment of donor organs for transplantation. Headquartered in Andover, Massachusetts, the company was founded to address the unmet need for more and better organs for transplantation and has developed technologies to preserve organ quality, assess organ viability prior to transplant, and potentially increase the utilization of donor organs for the treatment of end-stage heart, lung, and liver failure.

Investor Contact:
Brian Johnston
Laine Morgan
332-895-3222
Investors@transmedics.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/transmedics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-302601162.html

SOURCE TransMedics Group, Inc.

FAQ

What equity inducement did TransMedics (TMDX) grant on October 27, 2025?

TransMedics granted an aggregate of 27,582 non-qualified stock options and 18,299 restricted stock units to 15 employees as inducement awards.

What exercise price and term apply to the TransMedics (TMDX) options granted October 27, 2025?

The options have a per-share exercise price of $132.45 and a 10-year term.

How do the TransMedics (TMDX) option vesting schedules work for the October 27, 2025 grants?

Options vest 25% on the first anniversary of employment, with the remainder vesting in equal monthly installments over the next three years, subject to continued service.

What is the vesting schedule for the TransMedics (TMDX) restricted stock units granted October 27, 2025?

Each RSU award vests 25% on each of the first four anniversaries of the employee's start date, subject to continued service and plan terms.

Under what rule and plan were TransMedics (TMDX) inducement awards granted on October 27, 2025?

The awards were approved under Nasdaq Listing Rule 5635(c)(4) and granted pursuant to the TransMedics Group, Inc. Inducement Plan.

How many employees received inducement awards from TransMedics (TMDX) on October 27, 2025?

Fifteen employees received the inducement stock option and RSU grants.