X4 Pharmaceuticals Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Rhea-AI Summary

X4 Pharmaceuticals (XFOR) has announced the issuance of inducement awards to new employees under its 2019 Inducement Plan. The awards consist of stock options to purchase 5,545 shares of common stock, granted on May 30, 2025. The options have a ten-year term with an exercise price of $3.40 per share, matching X4's closing stock price on the grant date. The vesting schedule spans four years, with 25% vesting after the first year and the remainder vesting monthly over the following 36 months, contingent on continued employment. These grants, approved by X4's Compensation Committee, were made in accordance with Nasdaq Listing Rule 5635(c)(4) as inducement for new employee recruitment.

BOSTON, June 02, 2025 (GLOBE NEWSWIRE) -- X4 Pharmaceuticals (Nasdaq: XFOR), a company driven to improve the lives of people with rare diseases of the immune system, today announced that, effective on May 30, 2025, the company issued inducement awards to new employees under the X4 Pharmaceuticals, Inc. 2019 Inducement Equity Incentive Plan (the “2019 Inducement Plan”). The 2019 Inducement Plan is used exclusively for the grant of equity awards to individuals who were not previously an employee of X4. The inducement awards consist of options to purchase an aggregate of 5,545 shares of X4’s common stock. These stock awards were granted as an inducement material to the new employees entering into employment with X4 in accordance with Nasdaq Listing Rule 5635(c)(4) and were approved by X4’s Compensation Committee of the Board of Directors.

The options have a ten-year term and an exercise price of $3.40 per share, which is equal to the closing price of X4’s common stock on May 30, 2025. Each option will vest over a four-year period, with 25% of the shares vesting after 12 months and the remaining shares vesting monthly over the following 36 months, subject to the employee’s continued employment with X4 on such vesting dates. The options are subject to the terms and conditions of the 2019 Inducement Plan and the terms and conditions of an award agreement covering the grant.

About X4 Pharmaceuticals
X4 is delivering progress for patients by developing and commercializing innovative therapies for those with rare diseases of the immune system and significant unmet needs. Leveraging expertise in CXCR4 and immune system biology, X4 has successfully developed mavorixafor, an orally available CXCR4 antagonist that is currently being marketed in the U.S. as XOLREMDI^® in its first indication. The company is also evaluating additional uses of mavorixafor and is conducting a global, pivotal Phase 3 clinical trial (4WARD) in people with certain chronic neutropenic disorders. X4 is headquartered in Boston, Massachusetts. For more information, please visit www.x4pharma.com.

Investor Contact:
Daniel Ferry
Managing Director, LifeSci Advisors
daniel@lifesciadvisors.com
(617) 430-7576

FAQ

What are the details of X4 Pharmaceuticals (XFOR) inducement grants announced in June 2025?

X4 Pharmaceuticals issued stock options for 5,545 shares with an exercise price of $3.40 per share, vesting over four years with 25% after the first year and the remainder monthly over 36 months.

What is the vesting schedule for XFOR's May 2025 inducement stock options?

The options vest over 4 years, with 25% vesting after 12 months and the remaining shares vesting monthly over the following 36 months, subject to continued employment.

What is the exercise price for X4 Pharmaceuticals' May 2025 inducement stock options?

The exercise price is $3.40 per share, equal to X4's closing stock price on May 30, 2025.

What is the purpose of X4 Pharmaceuticals' 2019 Inducement Plan?

The 2019 Inducement Plan is exclusively used for granting equity awards to individuals who were not previously X4 employees as an inducement for employment.