BridgeBio Pharma Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)
May 14 2025 - 4:01PM
BridgeBio Pharma, Inc. (Nasdaq: BBIO) (“BridgeBio” or the
“Company”), a new type of biopharmaceutical company focused on
genetic diseases, today announced that on May 9, 2025, the
compensation committee of BridgeBio’s board of directors approved
equity grants to 36 new employees in restricted stock units for an
aggregate of 101,974 shares of the Company’s common stock.
One-fourth of the shares underlying each employee’s restricted
stock units will vest on May 16, 2026, with one-twelfth of the
remaining shares underlying each such employee’s restricted stock
units vesting on a quarterly basis thereafter, in each case,
subject to each such employee’s continued employment with the
Company or one of its subsidiaries on such vesting dates. All of
the above-described awards were made under BridgeBio’s Amended and
Restated 2019 Inducement Equity Plan (the “Plan”).
The above-described awards were each granted as an inducement
material to the employees entering into employment with the Company
in accordance with Nasdaq Listing Rule 5635(c)(4) and were granted
pursuant to the terms of the Plan. The Plan was adopted by
BridgeBio’s board of directors in November 2019, and amended and
restated on February 10, 2023 and on December 13, 2023.
About BridgeBio Pharma, Inc.BridgeBio Pharma,
Inc. (BridgeBio) is a new type of biopharmaceutical company founded
to discover, create, test and deliver transformative medicines to
treat patients who suffer from genetic diseases and cancers with
clear genetic drivers. BridgeBio’s pipeline of development programs
ranges from early science to advanced clinical trials. BridgeBio
was founded in 2015 and its team of experienced drug discoverers,
developers, and innovators are committed to applying advances in
genetic medicine to help patients as quickly as possible. For more
information visit bridgebio.com and follow us on
LinkedIn, Twitter,
Facebook, and YouTube.
BridgeBio Media Contact: Bubba Murarka, EVP
Communicationscontact@bridgebio.com(650)-789-8220
BridgeBio Investor Contact:Chinmay Shukla, VP
IR & Strategic FinanceChinmay.shukla@bridgebio.com
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