Praxis Precision Medicines, Inc. Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

The options have an exercise price of $47.05 per share, which is equal to the closing price of Praxis' common stock on the Nasdaq Global Select Market on the date of grant. The options will vest over four years, with 25% of the options vesting on the first anniversary of the vesting commencement date and the remaining options vesting in equal monthly installments over the three years thereafter, subject to the employee's continued employment with Praxis on each vesting dates. The restricted stock units will ...