UroGen Pharma Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Rhea-AI Summary
UroGen Pharma (Nasdaq: URGN) has announced inducement grants of restricted stock units (RSUs) to 40 new employees. The grants, which can result in the issuance of up to 67,700 ordinary shares, are designed to support the commercialization of their approved products Jelmyto® and ZUSDURI™, as well as pipeline development.
The RSUs will vest equally over three years, with one-third vesting annually on the anniversary of the vesting date, contingent on continued employment. These grants were made under UroGen's 2019 Inducement Plan in accordance with Nasdaq Listing Rule 5635(c)(4).
Positive
- Expansion of workforce with 40 new employees to support commercialization efforts
- Strategic alignment of employee incentives with company growth through equity compensation
Negative
- Potential dilution of existing shareholders through issuance of up to 67,700 new shares
News Market Reaction
On the day this news was published, URGN gained 13.45%, reflecting a significant positive market reaction. Argus tracked a peak move of +6.8% during that session. Argus tracked a trough of -3.8% from its starting point during tracking. Our momentum scanner triggered 55 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $119M to the company's valuation, bringing the market cap to $1.00B at that time. Trading volume was elevated at 2.2x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
PRINCETON, N.J., Sept. 08, 2025 (GLOBE NEWSWIRE) -- UroGen Pharma Ltd. (Nasdaq: URGN), a biotech company dedicated to developing and commercializing innovative solutions that treat urothelial and specialty cancers, today announced the grants of inducement restricted stock units (“RSUs”) to 40 new employees in connection with their employment with UroGen. These new team members will support the ongoing commercialization of Jelmyto® (mitomycin) for pyelocalyceal solution and ZUSDURI™ (mitomycin) for intravesical solution, UroGen’s only approved products, and the continued development of UroGen’s pipeline.
Up to 67,700 ordinary shares of UroGen are issuable upon the vesting and settlement of the RSUs. The RSUs will vest equally over three years, with one-third of the underlying shares vesting each year on the anniversary of the vesting date, subject in each case to the employee’s continued service relationship with UroGen.
The RSUs are subject to the terms and conditions of UroGen’s 2019 Inducement Plan and RSU grant notice and agreement thereunder. The RSUs were granted as an inducement material to each employee entering into employment with UroGen in accordance with Nasdaq Listing Rule 5635(c)(4).
About UroGen Pharma Ltd.
UroGen is a biotech company dedicated to developing and commercializing innovative solutions that treat urothelial and specialty cancers because patients deserve better options. UroGen has developed RTGel® reverse-thermal hydrogel, a proprietary sustained-release, hydrogel-based platform technology that has the potential to improve the therapeutic profiles of existing drugs. UroGen’s sustained release technology is designed to enable longer exposure of the urinary tract tissue to medications, making local therapy a potentially more effective treatment option. UroGen’s first commercial product is approved to treat low-grade upper tract urothelial cancer, and UroGen’s second product is the first and only FDA-approved medication for patients with recurrent low-grade intermediate-risk non-muscle invasive bladder cancer. Both medicines are designed to ablate tumors by non-surgical means. UroGen is headquartered in Princeton, New Jersey with operations in Israel. To learn more, visit www.urogen.com or follow us on X (Twitter), @UroGenPharma.
Jelmyto®, RTGel®, ZUSDURI™ and UroGen® are registered trademarks of UroGen Pharma Ltd.
INVESTOR CONTACT:
Vincent Perrone
vincent.perrone@urogen.com
(609) 460-3588
MEDIA CONTACT:
Cindy Romano
Cindy.romano@urogen.com
(609) 460-3583
FAQ
How many RSUs did UroGen Pharma (URGN) grant to new employees in September 2025?
What is the vesting schedule for UroGen's (URGN) September 2025 RSU grants?
What products will the new UroGen (URGN) employees support?
Under which Nasdaq rule were UroGen's (URGN) September 2025 RSU grants made?
