PHILADELPHIA, PA — Context Therapeutics Inc. (Nasdaq: CNTX) has announced the issuance of non-qualified stock option awards to two newly hired employees as part of an inducement to join the company. The awards, covering a total of 46,000 shares of common stock, were granted in alignment with Nasdaq Listing Rule 5635(c)(4) and serve as an incentive for the new hires’ contributions to the company’s growth and innovation.
The stock options, granted outside the company’s 2021 Long-Term Performance Incentive Plan, were awarded on the employees’ start dates, February 18, 2025, and February 24, 2025. The exercise prices were set to match the closing price of Context’s common stock on their respective dates of grant—$0.83 and $0.8314 per share.
Structured for long-term alignment, the awards carry a 10-year term and a four-year vesting schedule. One-fourth of the shares will vest on the first anniversary of the grant date, with the remaining shares vesting in thirty-six equal monthly increments thereafter. This structure ensures sustained engagement and reflects the company’s commitment to fostering loyalty. Vesting is contingent on the employees’ continued service with Context.
Context Therapeutics’ decision to provide these stock option awards underscores its dedication to attracting top-tier talent and equipping its team with the tools to succeed over the long term. By offering meaningful incentives, Context aims to bolster its workforce while advancing its mission to drive innovation in the biotechnology sector.
With a strategic focus on growth and talent development, Context Therapeutics states that it remains steadfast in its efforts to build a dynamic team capable of addressing future opportunities and challenges in the industry.
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