Seres Therapeutics reports inducement grants under Nasdaq listing rule

Seres Therapeutics announced that on January 11, 2023, the Compensation and Talent Committee of Seres’ board of directors granted inducement equity grants covering an aggregate of 13,500 shares of its common stock to five new employees, consisting of stock options to purchase an aggregate of 9,000 shares of common stock and restricted stock units, covering an aggregate of 4,500 shares of its common stock. The Inducement Plan was adopted by Seres’ board of directors in December 2022. The stock options have an exercise price of $5.26 per share. Each option will vest as to 25% of the total number of shares subject to the option on the first anniversary of the applicable individual’s date of hire and as to 6.25% of the total number of shares subject to the option upon a completion of each three full months of service to the Company thereafter.