KalVista Pharmaceuticals Inc. has granted inducement stock options to six newly-hired employees, allowing them to purchase a total of 96,750 shares of KalVista common stock. The options have an exercise price equal to the closing price of KalVista shares on the first trading day after the grant date. One-fourth of the options will vest on the one-year anniversary of the vesting commencement date, with the remaining options vesting in equal monthly installments over the following three years. Each option carries a 10-year term and is governed by KalVista’s Inducement Equity Incentive Plan and a stock option agreement.

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