Cabaletta Bio reprices underwater employee stock options to $1.92 per share

Cabaletta Bio, Inc.

Repricing effective May 19, 2025; applies to options with exercise price >1.5x May 19 closing price.
New exercise price set at $1.92; repriced options subject to a one-year retention period.
Approximately 75% of employee/director/consultant stock options were underwater before repricing.
Eligible participants include CEO Steven Nichtberger, CFO Anup Marda, and other executives/directors.

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