Septerna, Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
Septerna announced it granted a non-qualified stock option for up to 275,000 shares to newly appointed Chief Medical Officer Rajiv Patni under the company's 2026 Inducement Plan, effective September 8, 2026. The award was made as an inducement material to Dr. Patni's employment consistent with Nasdaq Listing Rule 5635(c)(4).
Why it matters — This disclosure signals a key executive hire at Septerna and provides shareholders transparency into the equity compensation tied to the new Chief Medical Officer's appointment.