On December 15, 2022 Atara Biotherapeutics, Inc. (Nasdaq: ATRA), a leader in T-cell immunotherapy, leveraging its novel allogeneic Epstein-Barr virus (EBV) T-cell platform to develop transformative therapies for patients with cancer and autoimmune diseases, reported the grant of inducement awards to Ricardo Fonseca, its new Vice President, Operations (Press release, Atara Biotherapeutics, DEC 15, 2022, View Source [SID1234625297]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

The Compensation Committee of Atara’s Board of Directors granted Mr. Fonseca 60,000 restricted stock units of Atara’s common stock and time-based stock options to purchase 69,000 shares of Atara’s common stock under the Atara Biotherapeutics, Inc. 2018 Inducement Plan, with a grant date of December 12, 2022, as an inducement material to the new employee entering into employment with Atara, in accordance with Nasdaq Listing Rule 5635(c)(4).

The restricted stock units vest over four years, with 25 percent vesting on the first quarterly vesting date after the first anniversary of the vesting commencement date and the remainder vesting in 12 approximately equal quarterly installments over the following three years, subject to the employee being continuously employed by Atara as of such vesting dates. The time-based stock options vest over four years, with 25 percent vesting on the first anniversary of the vesting commencement date and the remainder vesting in 36 equal monthly installments over the following three years, subject to Mr. Fonseca being continuously employed by Atara as of such vesting dates. The stock options have a ten-year term and an exercise price of $4.32 per share, equal to the per share closing price of Atara’s common stock as reported by Nasdaq on December 12, 2022.

Atara is providing this information in accordance with Nasdaq Listing Rule 5635(c)(4).