Sema4 Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
May 04 2022 - 4:05PM
Sema4 (Nasdaq: SMFR), an AI-driven genomic and clinical data
intelligence platform company, today announced that, effective as
of May 2, 2022, the compensation committee of Sema4’s board of
directors granted newly-hired employees inducement stock options to
purchase an aggregate of 4,932,132 shares of Sema4’s Class A common
stock (“Class A common stock”) and 4,285,208 restricted stock units
(“RSUs”) as inducements material to each employee entering into
employment with Sema4. The foregoing includes inducement stock
options to purchase an aggregate of 3,551,136 shares of Class A
common stock and 2,045,454 restricted stock units granted to
Katherine Stueland as an inducement material to the employment of
Ms. Stueland as the Chief Executive Officer of Sema4. The stock
options and RSUs were granted in accordance with Nasdaq Listing
Rule 5635(c)(4).
The stock options have an exercise price of
$2.20 per share, which was equal to the closing price of Sema4’s
Class A common stock on the grant date. The stock options and RSUs
granted to the newly-hired employees other than Ms. Stueland will
vest with respect to 25% of the underlying shares on
April 29, 2023, and will vest with respect to the
remaining underlying shares in equal quarterly installments
thereafter through April 29, 2026, in each case subject
to the new employee’s continued service with the company. The stock
options and RSUs granted to Ms. Stueland will vest with respect to
25% of the underlying shares on April 29, 2023 and 25% of the
underlying shares on April 29, 2024, and will vest with respect to
the remaining underlying shares in equal quarterly installments
thereafter through April 29, 2026, in each case subject to Ms.
Stueland’s continued service with the company. Each stock option
has a 10-year term. The stock options and RSUs are subject to the
terms and conditions identical to those of Sema4’s 2021 Equity
Incentive Plan and a stock option agreement or restricted stock
unit agreement, as applicable, covering the grant.
About Sema4Sema4 is a
patient-centered health intelligence company dedicated to advancing
healthcare through data-driven insights. Sema4 is transforming
healthcare by applying AI and machine learning to multidimensional,
longitudinal clinical and genomic data to build dynamic models of
human health and defining optimal, individualized health
trajectories. Centrellis®, our innovative health intelligence
platform, is enabling us to generate a more complete understanding
of disease and wellness and to provide science-driven solutions to
the most pressing medical needs. Sema4 believes that patients
should be treated as partners, and that data should be shared for
the benefit of all.
For more information, please visit sema4.com and connect
with Sema4 on Twitter, LinkedIn,
Facebook and YouTube.
Investor Relations Contact:Joel Kaufman
investors@sema4.com
Media Contact:Radley Moss
radley.moss@sema4.com
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