Syndax Pharmaceuticals Announces Inducement Awards for New Employees Under 2023 Plan

Reuters
06-06
Syndax Pharmaceuticals Announces Inducement Awards for New Employees Under 2023 Plan

Syndax Pharmaceuticals Inc., a commercial-stage biopharmaceutical company, announced the issuance of inducement awards on June 1, 2025, under its 2023 Inducement Plan. The awards allow eight new employees to purchase up to 119,700 shares of common stock. The stock options will vest over four years, with 25% vesting on the first anniversary of the vesting commencement date, and the remaining shares vesting in equal monthly installments over the following 36 months. These terms are contingent on the employees maintaining their service relationship with the company through the respective vesting dates.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Syndax Pharmaceuticals Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9461867-en) on June 05, 2025, and is solely responsible for the information contained therein.

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