Annexon Grants 1.27 Million Stock Options to Six New Employees
Annexon, Inc. (NASDAQ:ANNX) granted equity stock options covering 1,270,000 shares of common stock to six newly hired non-executive employees. The awards were approved on October 7, 2026, under the company's 2022 Employment Inducement Award Plan in compliance with Nasdaq Listing Rule 5635(c)(4).
The options carry a ten-year term and feature an exercise price of $3.60 per share, equal to the closing price of Annexon stock on October 15, 2026. Vesting occurs over four years, with 25% of the shares vesting on the one-year anniversary of the grant date and an additional 1/48th vesting monthly thereafter, provided the employees remain in service. Inducement equity grants allow public companies to recruit prospective employees outside standard shareholder-approved plans.
Shares of Annexon dropped 5.28% to close at $3.41. Market participants will keep an eye on how the biopharmaceutical company expands its team while progressing its platform of targeted immunotherapies for neuroinflammatory conditions.
Key points
- Annexon issued stock options for 1,270,000 shares to six new non-executive staff members.
- The options have an exercise price of $3.60 per share, matching the closing price on October 15, 2026.
- The awards vest over four years, with a 25% initial cliff after one year followed by monthly vesting.
- Annexon stock fell 5.28% on the day to trade at $3.41.
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How we writeDisclaimerQuestions and answers
How many stock options did Annexon grant to new employees?
Annexon granted stock options for a total of 1,270,000 shares of common stock to six new non-executive employees.
What is the exercise price for Annexon's new stock options?
The options carry an exercise price of $3.60 per share, which was Annexon's closing stock price on October 15, 2026.
How does the vesting schedule work for Annexon's inducement awards?
The options vest over four years, with 25% vesting on the first anniversary of the grant date and 1/48th of the total shares vesting monthly thereafter.