On January 31 , 2023 Bellicum Pharmaceuticals, Inc. (NASDAQ:BLCM), a leader in developing novel, controllable cellular immunotherapies for cancers, reported equity inducement grants to 1 new employee consisting of an aggregate of 45,000 stock options (Press release, Bellicum Pharmaceuticals, JAN 31, 2023, View Source [SID1234626672]). The Compensation Committee of the Board of Directors approved the grants with an effective date of January 31, 2023. The stock options were granted as inducements material to the employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).

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The stock options have an exercise price of $1.14 per share and vest over four years, with 25% of the shares vesting on the one-year anniversary of the applicable vesting commencement date and 1/48 of the shares vesting monthly thereafter, subject to the new employee’s continued service relationship with the Company. The stock options are subject to the terms and conditions of the Company’s 2019 Equity Incentive Plan and a stock option agreement covering the grant.