On December 8, 2022 Syndax Pharmaceuticals, Inc. ("Syndax," the "Company" or "we") (Nasdaq: SNDX), a clinical-stage biopharmaceutical company developing an innovative pipeline of cancer therapies, reported that in connection with the hiring, announced on December 5, 2022, of Steve M. Sabus as Chief Commercial Officer, Mr. Sabus received an inducement award to purchase up to 220,000 shares of common stock (Press release, Syndax, DEC 8, 2022, View Source [SID1234624961]). The stock option has an exercise price per share of $25.44, the closing price of the Company’s common stock on the Nasdaq Global Select Market on December 5, 2022 and will vest over four years, with 25% of the underlying shares vesting on the one-year anniversary of the vesting commencement date and 1/48th of the underlying shares vesting monthly thereafter over 36 months, subject to Mr. Sabus’ continued service relationship with Syndax through the applicable vesting dates. Syndax’s Board of Directors approved the award as inducement material to Mr. Sabus’ employment in accordance with NASDAQ Listing Rule 5635(c)(4).

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