YARDLEY, PA — Optinose, Inc. (NASDAQ: OPTN) has announced the allocation of non-qualified stock option awards to eight newly hired employees as part of their recruitment strategy. This move is designed to attract top talent by offering them a stake in the company’s future success.
The stock options, which cover a total of 185,000 shares of Optinose common stock, were granted outside the company’s existing 2010 Stock Incentive Plan in line with Nasdaq Listing Rule 5635(c)(4). These awards were given on the new employees’ start dates, which were October 7 and October 14, 2024. The exercise price for these options is set at $0.71 per share, matching the closing stock price on the respective grant dates.
Structured with a ten-year term, the options will vest gradually over a four-year period. Employees will see one-fourth of their options vest on the first anniversary of the grant date, with the remaining shares vesting in equal monthly installments over the following three years. This vesting schedule is contingent upon the employees’ continued service with Optinose.
This strategic move is aimed at bolstering the company’s workforce by aligning the interests of its new employees with its long-term goals, thereby fostering a shared commitment to growth and success.
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