StockNews.AI
CRNX
StockNews.AI
33 mins

Crinetics Pharmaceuticals Announces September 2025 Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

1. Crinetics granted 62,475 stock options and 43,800 RSUs to new employees. 2. The awards were made under the 2021 Inducement Plan. 3. Stock options have an exercise price of $35 per share. 4. This plan is aimed at attracting new talent to the firm. 5. Crinetics focuses on therapeutics for endocrine diseases and tumors.

5m saved
Insight
Article

FAQ

Why Bullish?

The stock options and RSUs indicate investment in talent, potentially driving innovation and growth, a strategy that has benefited similar firms historically.

How important is it?

The inducement awards can enhance employee performance and retention, which are crucial for long-term success in a competitive sector like pharmaceuticals.

Why Short Term?

The immediate positive impact of attracting qualified talent could influence stock performance quickly, as evidenced by past trends following similar announcements.

Related Companies

VRTXVRTXAMGNBIIBREGN
September 10, 2025 16:30 ET  | Source: Crinetics Pharmaceuticals, Inc. SAN DIEGO, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Crinetics Pharmaceuticals, Inc. (Nasdaq: CRNX) today announced that on September 10, 2025, the Compensation Committee of the Board of Directors granted non-qualified stock option awards to purchase an aggregate of 62,475 shares of its common stock and granted an aggregate of 43,800 restricted stock unit (“RSU”) awards to 20 new non-executive employees, in each case, under the Crinetics Pharmaceuticals, Inc. 2021 Employment Inducement Incentive Award Plan (the “2021 Inducement Plan”). The stock options and RSUs were granted as inducements material to the employees entering into employment with Crinetics in accordance with Nasdaq Listing Rule 5635(c)(4). The 2021 Inducement Plan is used exclusively for granting equity awards to individuals who were not previously employees of Crinetics, or following a bona fide period of non-employment, as an inducement material to such individuals’ entering into employment with Crinetics, pursuant to Nasdaq Listing Rule 5635(c)(4). The stock options have an exercise price of $35.00 per share, which is equal to the closing price of Crinetics’ common stock on the Nasdaq Global Select Market on September 10, 2025. The shares subject to the stock options will vest over four years, with 25% of the shares vesting on the one-year anniversary of the applicable vesting commencement date and the balance of the shares vesting in a series of 36 successive equal monthly installments thereafter, subject to each employee’s continued employment with Crinetics on such vesting dates. The RSUs will vest over four years in equal annual installments beginning on the one-year anniversary of the applicable vesting commencement date, also subject to each employee’s continued employment with Crinetics on such vesting dates. The stock option and RSU awards are subject to the terms and conditions of the 2021 Inducement Plan and the terms and conditions of an applicable stock option award agreement or RSU award agreement covering the respective grant. About Crinetics Pharmaceuticals Crinetics Pharmaceuticals is a clinical-stage pharmaceutical company focused on the discovery, development, and commercialization of novel therapeutics for endocrine diseases and endocrine-related tumors. All of the company’s drug candidates are small molecule, new chemical entities resulting from in-house drug discovery efforts. Crinetics’ lead development candidate, PALSONIFY™ (paltusotine), is the first investigational once-daily, oral, selective somatostatin receptor type 2 (SST2) nonpeptide agonist that is in clinical development for acromegaly. Paltusotine is also in clinical development for carcinoid syndrome associated with neuroendocrine tumors. Atumelnant is currently in development for congenital adrenal hyperplasia and ACTH-dependent Cushing’s syndrome. Additional discovery programs address a variety of endocrine conditions, such as hyperparathyroidism, polycystic kidney disease, Graves’ disease (including thyroid eye disease), diabetes, obesity and GPCR-targeted oncology indications. Investors: Gayathri DiwakarHead of Investor Relationsgdiwakar@crinetics.com(858) 345-6340 Media: Natalie BadilloHead of Corporate Communications nbadillo@crinetics.com (858) 450-6464 Source: Crinetics Pharmaceuticals, Inc.

Related News