Tenaya Therapeutics reprices underwater employee stock options to $1.21 per share

Tenaya Therapeutics, Inc.

Repriced ~4.1M shares of underwater options with original exercise prices $3.06-$21.01 to $1.21 per share.
CMO Whit Tingley's options for 630,982 shares repriced from $3.06-$15.19 to $1.21.
Early exercise requires paying original higher exercise price until Retention Goal (July 24, 2025 or Change in Control).
No change to expiration dates, vesting criteria, or share count; total eligible options cover 4,133,517 shares.
Repricing designed to retain employees without dilutive new grants or cash compensation.

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