other material
confidence high
sentiment neutral
materiality 0.50
ORIC Pharmaceuticals increases inducement equity plan share reserve by 1.1M shares to 3.35M total
Oric Pharmaceuticals, Inc.
- Board approved Amended and Restated 2022 Inducement Plan, adding 1,100,000 shares of common stock.
- Total shares reserved under the plan now 3,350,000 for equity awards to new employees.
- Plan allows grants of nonstatutory stock options, RSUs, SARs, performance shares/units.
- Adopted without stockholder approval per Nasdaq Listing Rules as inducement grants.
- Plan terms are substantially similar to the company's 2020 Equity Incentive Plan.