InspireMD appoints Pete Ligotti as EVP, GM of North America

InspireMD announced the appointment of Pete Ligotti as Executive Vice President and General Manager of North America. Ligotti joins InspireMD from NuVasive where he served as Vice President and General Manager of NuVasive Specialized Orthopedics – NSO since January 2022. In connection with the appointment of Mr. Ligotti as Executive Vice President and General Manager of North America, InspireMD has granted Mr. Ligotti 138,460 shares of restricted stock and stock options to purchase 46,150 shares of InspireMD’s common stock. The grant of restricted stock and stock options was approved by the Compensation Committee of InspireMD’s Board of Directors and was granted outside of InspireMD’s 2021 Equity Compensation Plan, with a grant date of January 2, 2024, as an inducement material to Mr. Ligotti entering into employment with InspireMD, in accordance with Nasdaq Listing Rule 5635(c)(4). The restricted stock and stock options vest over three years, with one-third vesting on the first anniversary of the grant and the remainder vesting in two equal installments on the second and third anniversaries of the grant date, subject to Mr. Ligotti being continuously employed by InspireMD as of such vesting dates. The stock options have a ten-year term and an exercise price of $2.71, the closing sales price of InspireMD’s common stock on the grant date.