EXPLANATORY NOTE
On May 10, 2016, the Board of Directors (the “Board”) of Fate Therapeutics, Inc. (the “Company”) adopted the Fate
Therapeutics, Inc. Inducement Equity Plan, and on December 17, 2020, the Board amended and restated such plan pursuant to the Fate Therapeutics, Inc. Amended and Restated Inducement Equity Plan (as amended and restated, the “Inducement
Plan”). The Inducement Plan was adopted and/or amended and restated without stockholder approval pursuant to Nasdaq Listing Rule 5635(c)(4).
A
total of 500,000 shares of common stock, par value $0.001 per share, of the Company (“Common Stock”), were initially reserved for issuance under the Inducement Plan. On February 12, 2021, February 20-21, 2020, and January 14, 2019, the Board approved an increase of an additional 300,000 shares, 470,822 shares, and 200,000 shares of Common Stock, respectively, to the reserve under the Inducement Plan.
Each such increase was adopted without stockholder approval pursuant to Nasdaq Listing Rule 5635(c)(4).
On October 13, 2025, the Board approved an
increase of an additional 1,750,000 shares to the reserve under the Inducement Plan. This increase was adopted without stockholder approval pursuant to Nasdaq Listing Rule 5635(c)(4).
The only persons eligible to receive grants of Inducement Awards (as defined below) under the Inducement Plan are individuals who satisfy the standards for
inducement grants under Nasdaq Listing Rule 5635(c)(4). An “Inducement Award” means any right to receive Common Stock, cash or other property granted under the Inducement Plan (including nonqualified stock options, restricted
stock unit awards, or other stock-based awards).
The Company is filing this registration statement on Form S-8
(this “Registration Statement”) solely for the purpose of registering the 1,750,000 additional shares of Common Stock authorized for issuance under the Inducement Plan. Pursuant to Rule 416(a) under the Securities Act of 1933, as
amended (the “Securities Act”), this Registration Statement also includes an indeterminate number of additional shares of Common Stock that may become issuable under the Inducement Plan by reason of anti-dilution and other
adjustments.