KalVista Pharmaceuticals Inc. has announced the granting of inducement stock options to two newly-hired employees. The options allow the purchase of a total of 30,000 shares of KalVista common stock, with the exercise price set at the closing price on the first day a closing price is reported after the grant date. One-fourth of the options will vest on the first anniversary of the vesting start date, with the remainder 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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