Vera Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Rhea-AI Summary

Vera Therapeutics (NASDAQ: VERA) announced inducement awards granted to eleven new employees on May 5, 2025. The awards include non-qualified stock options to purchase 111,750 shares of Class A common stock and restricted stock units (RSUs) for 62,575 shares. The stock options have an exercise price of $25.53 per share, based on VERA's closing price on May 5.

The stock options will vest over 4 years, with 25% vesting on the first anniversary and the remainder vesting monthly over 36 months. The RSUs will vest over 4 years, with 25% vesting annually starting May 20, 2025. Both awards are contingent on continued employment with Vera.

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BRISBANE, Calif., May 09, 2025 (GLOBE NEWSWIRE) -- Vera Therapeutics, Inc. (Nasdaq: VERA) today announced that on May 5, 2025, the Compensation Committee granted inducement awards consisting of non-qualified stock options to purchase 111,750 shares of Class A common stock and restricted stock units (RSUs) for 62,575 shares of Class A common stock to eleven (11) new employees under the Inducement Plan. The Compensation Committee approved the awards as an inducement material to the new employees’ employment in accordance with Nasdaq Listing Rule 5635(c)(4).

Each stock option granted on May 5, 2025 has an exercise price per share equal to $25.53, Vera’s closing trading price on May 5, 2025. Each stock option will vest over four years, with 25% of the underlying shares vesting on the first anniversary of the applicable vesting commencement date and the balance of the underlying shares vesting monthly thereafter over 36 months, subject to the new employee’s continued service relationship with Vera through the applicable vesting dates. Each of the RSU awards will vest over four years, with 25% of the underlying shares vesting on each anniversary of May 20, 2025, subject to the new employee’s continued service relationship with Vera through the applicable vesting dates. The awards are subject to the terms and conditions of the Inducement Plan and the terms and conditions of an applicable award agreement covering the grant.

About Vera
Vera Therapeutics is a late clinical-stage biotechnology company focused on developing treatments for serious immunological diseases. Vera’s mission is to advance treatments that target the source of immunological diseases in order to change the standard of care for patients. Vera’s lead product candidate is atacicept, a fusion protein self-administered as a subcutaneous injection once weekly that blocks both B-cell Activating Factor (BAFF) and A PRoliferation-Inducing Ligand (APRIL), which stimulate B cells and plasma cells to produce autoantibodies contributing to certain autoimmune diseases, including IgAN, also known as Berger’s disease, and lupus nephritis. In addition, Vera is evaluating additional diseases where the reduction of autoantibodies by atacicept may prove medically useful. Vera is also developing MAU868, a monoclonal antibody designed to neutralize infection with BK virus (BKV), a polyomavirus that can have devastating consequences in certain settings such as kidney transplant. Vera retains all global developmental and commercial rights to atacicept and MAU868. Vera also holds an exclusive license agreement with Stanford University for a novel, next generation fusion protein targeting BAFF and APRIL, known as VT-109, with wide therapeutic potential across the spectrum of B cell mediated diseases. For more information, please visit www.veratx.com.

For more information, please contact:

Investor Contact:
Joyce Allaire
LifeSci Advisors
212-915-2569
jallaire@lifesciadvisors.com

Media Contact:
Madelin Hawtin
LifeSci Communications
MHawtin@lifescicomms.com

FAQ

What type of inducement awards did Vera Therapeutics (VERA) grant to new employees in May 2025?

Vera granted non-qualified stock options for 111,750 shares and RSUs for 62,575 shares of Class A common stock to eleven new employees.

What is the exercise price for VERA's stock options granted on May 5, 2025?

The stock options have an exercise price of $25.53 per share, which was Vera's closing trading price on May 5, 2025.

What is the vesting schedule for Vera Therapeutics' stock options granted in May 2025?

The stock options vest over 4 years, with 25% vesting after one year and the remaining vesting monthly over 36 months.

How do the RSUs vest in Vera Therapeutics' May 2025 inducement grants?

The RSUs vest over 4 years, with 25% of the shares vesting on each anniversary of May 20, 2025.