enGene Holdings Inc. Announces Inducement Equity Awards for New Employees with Four-Year Vesting Plan

Reuters
2025/08/04
enGene Holdings Inc. Announces Inducement Equity Awards for New Employees with Four-Year Vesting Plan

enGene Holdings Inc. (Nasdaq: ENGN), a clinical-stage gene-based immunotherapy company, announced the grant of inducement equity awards to three newly-hired employees, effective July 31, 2025. The awards consist of non-qualified stock options to purchase a total of 93,200 common shares at an exercise price of $3.79 per share, matching the closing price on the grant date. These options have a 10-year term and will vest over four years, with 25% vesting after one year of employment and the remainder vesting monthly over the next three years, contingent on continued employment. The grants were approved by the Company's independent Compensation Committee in alignment with NASDAQ Listing Rule 5635(c)(4), and while issued outside the 2023 Incentive Equity Plan, they adhere to its terms.

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. enGene Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250804854020) on August 04, 2025, and is solely responsible for the information contained therein.

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