Syndax Pharmaceuticals Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)
Syndax Pharmaceuticals announced that on September 1, 2026, it granted inducement awards to purchase up to 175,000 shares of common stock to nineteen new employees under its 2023 Inducement Plan. The stock options vest over four years, with 25% vesting on the one-year anniversary and the remainder vesting monthly over the following 36 months, subject to continued employment.
Why it matters — This item is relevant to SNDX watchers as it details a routine equity inducement grant tied to hiring new employees, disclosed under Nasdaq Listing Rule 5635(c)(4).