ORIC Pharmaceuticals Announces Inducement Grants for New Employee Under 2022 Equity Incentive Plan

Reuters
07/04
ORIC Pharmaceuticals Announces Inducement Grants for New Employee Under 2022 Equity Incentive Plan

ORIC Pharmaceuticals, Inc. (Nasdaq: ORIC), a clinical stage oncology company, announced on July 3, 2025, the issuance of inducement grants to a new non-executive employee, effective from July 1, 2025. As part of the compensation package, the employee received 9,000 non-qualified stock options and 1,600 restricted stock units, approved by ORIC's Compensation Committee under Nasdaq Rule 5635(c)(4). The stock options have an exercise price set at the closing price of ORIC's common stock on the grant date. Vesting terms for the stock options include 25% vesting after one year and the remainder vesting monthly over the following three years, while the restricted stock units vest in equal parts over three years. These grants were made under the ORIC Pharmaceuticals, Inc. 2022 Inducement Equity Incentive Plan.

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. Oric Pharmaceuticals Inc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9488811-en) on July 03, 2025, and is solely responsible for the information contained therein.

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