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Xilio Therapeutics Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

1. Xilio granted stock options to new Chief Legal Officer Caroline Hensley. 2. 375,000 shares awarded at an exercise price of $0.955 per share. 3. Options vest over four years, indicating confidence in long-term growth.

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FAQ

Why Bullish?

New executive appointment and stock options suggest strategic growth initiatives, similar to past leadership changes boosting stock performance.

How important is it?

The appointment and stock options may enhance investor confidence in XLO's future.

Why Long Term?

Vesting period for stock options suggests commitment to company stability and performance over time.

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XLONASDAQ
January 10, 2025 17:00 ET  | Source: Xilio Therapeutics, Inc. WALTHAM, Mass., Jan. 10, 2025 (GLOBE NEWSWIRE) -- Xilio Therapeutics, Inc. (Nasdaq: XLO), a clinical-stage biotechnology company discovering and developing tumor-activated immuno-oncology therapies for people living with cancer, today announced that, effective January 1, 2025, the company granted a non-qualified stock option to purchase 375,000 shares of its common stock to Caroline Hensley, its newly hired Chief Legal Officer, under Xilio Therapeutics’ 2022 Inducement Stock Incentive Plan. The stock option has an exercise price of $0.955 per share, which is equal to the closing price of the company’s common stock on December 31, 2024. The stock option has a ten-year term and will vest as to 25% of the shares underlying the stock option on the first anniversary following commencement of employment, and the remaining 75% of the shares underlying the stock option will vest in 36 equal monthly installments thereafter, subject to continued service with the company or any of its subsidiaries through each applicable vesting date. The stock option is subject to the terms and conditions of Xilio Therapeutics’ 2022 Inducement Stock Incentive Plan, as well as the terms and conditions of the stock option agreement covering the grant and were made as an inducement material to the individual entering into employment with the company in accordance with Nasdaq Listing Rule 5635(c)(4). About Xilio TherapeuticsXilio Therapeutics is a clinical-stage biotechnology company discovering and developing tumor-activated immuno-oncology (I-O) therapies with the goal of significantly improving outcomes for people living with cancer without the systemic side effects of current I-O treatments. The company is using its proprietary platform to advance a pipeline of novel, tumor-activated clinical and preclinical I-O molecules that are designed to optimize the therapeutic index by localizing anti-tumor activity within the tumor microenvironment, including tumor-activated cytokines, antibodies, bispecifics and immune cell engagers. Learn more by visiting www.xiliotx.com and follow us on LinkedIn (Xilio Therapeutics, Inc.). This press release contains hyperlinks to information that is not deemed to be incorporated by reference in this press release. Investor and Media Contact: Scott YoungVice President, Investor Relations and Corporate Communicationsinvestors@xiliotx.com

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