Crinetics Pharmaceuticals Announces March 2025 Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Core Viewpoint - Crinetics Pharmaceuticals has granted stock options and restricted stock units (RSUs) to new employees as part of its 2021 Employment Inducement Incentive Award Plan to attract talent [1][2]. Group 1: Stock Options and RSUs - The Compensation Committee granted a total of 95,675 stock options to fifteen new non-executive employees and 80,000 to one new executive employee [1]. - Additionally, 40,775 RSUs were awarded to sixteen new non-executive employees and 52,000 to one new executive employee [1]. - The stock options have an exercise price of $33.75 per share, equal to the closing price of Crinetics' common stock on March 10, 2025 [2]. Group 2: Vesting Schedule - The stock options will vest over four years, with 25% vesting on the one-year anniversary and the remaining shares vesting in 36 equal monthly installments [2]. - The RSUs will also vest over four years in equal annual installments starting on the one-year anniversary [2]. Group 3: Company Overview - Crinetics Pharmaceuticals is a clinical stage pharmaceutical company focused on developing novel therapeutics for endocrine diseases and related tumors [3]. - The lead candidate, paltusotine, is in clinical development for acromegaly and carcinoid syndrome associated with neuroendocrine tumors [3]. - The company is also developing atumelnant, an oral ACTH antagonist for congenital adrenal hyperplasia and Cushing's disease [3].