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Adverum Biotechnologies Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

1. Adverum granted stock options and RSUs to new employees. 2. Stock options cover 16,860 shares with an exercise price of $3.08. 3. RSUs granted for 8,430 shares, vesting over three years. 4. Adverum focuses on gene therapy for ocular diseases' treatment. 5. Ixo-vec targets neovascular age-related macular degeneration through IVT.

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FAQ

Why Bullish?

Granting stock options and RSUs often indicates confidence in future growth. This aligns with hiring new talent to advance clinical programs, suggesting a positive outlook.

How important is it?

The hiring reflects an ambition for growth and operational success, critical for investors. Such signals often affect investor sentiment positively.

Why Short Term?

Immediate potential for increased employee motivation and retention which can lead to faster progress in clinical trials. Historically, similar actions have correlated with positive stock movements in biotech firms.

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EDITROCKAVRO
September 05, 2025 16:01 ET  | Source: Adverum Biotechnologies, Inc. REDWOOD CITY, Calif., Sept. 05, 2025 (GLOBE NEWSWIRE) -- Adverum Biotechnologies, Inc. (Nasdaq: ADVM) today announced that the Compensation Committee of Adverum’s Board of Directors granted inducement awards consisting of non-qualified stock options to purchase 16,860 shares of common stock and restricted stock units (RSUs) for 8,430 shares of common stock to two new employees under Adverum’s 2017 Inducement Plan. These awards were approved as an inducement material to the new employees entering into employment with Adverum in accordance with Nasdaq Listing Rule 5635(c)(4). Each stock option has an exercise price of $3.08 per share, equal to the per share closing price of Adverum’s common stock as reported by Nasdaq on the grant date. The stock options vest over four years, with 25% vesting on the first anniversary of the applicable vesting commencement date and the remainder vesting in 36 equal monthly installments over the following three years, subject to the employee being continuously employed by Adverum through the applicable vesting dates. The restricted stock units vest over three years, with one third (1/3rd) vesting on each anniversary of the applicable vesting commencement date, subject to the employee being continuously employed by Adverum through the applicable vesting dates. The awards are subject to the terms and conditions of Adverum’s 2017 Inducement Plan and the terms and conditions of an applicable award agreement covering the grant. About Adverum Biotechnologies Adverum Biotechnologies (NASDAQ: ADVM) is a clinical-stage company that aims to establish gene therapy to preserve sight for life in highly prevalent ocular diseases with the aspirations of developing functional cures to restore vision and prevent blindness. Leveraging the capabilities of its proprietary intravitreal (IVT) platform, Adverum is developing durable, single-administration therapies, designed to be delivered in physicians’ offices, to eliminate the need for frequent ocular injections to treat these diseases. Adverum is evaluating its novel gene therapy candidate, ixoberogene soroparvovec (Ixo-vec, formerly referred to as ADVM-022), as a one-time, IVT injection for patients with neovascular or wet age-related macular degeneration. Additionally, by overcoming the challenges associated with current treatment paradigms for debilitating ocular diseases, Adverum aspires to transform the standard of care, preserve vision, and create a profound societal impact around the globe. For more information, please visit www.adverum.com. Corporate and Investor Inquiries: Adverum Investor Relations Email: ir@adverum.com Media:Jason Awe, Ph.D.Executive Director, Corporate CommunicationsEmail: jawe@adverum.com

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