Coherus BioSciences Announces New Employment Inducement Grants
REDWOOD CITY, Calif., Sept. 24, 2021 (GLOBE NEWSWIRE) -- Coherus BioSciences, Inc. (“Coherus” or the “Company”, Nasdaq: CHRS), today announced that effective Sept. 22, 2021, the compensation committee of the Company’s board of directors granted options to purchase an aggregate of 229,500 shares of the common stock of the Company to newly hired employees with a per share exercise price of $17.06, the closing trading price on the grant date. A newly hired Senior Vice President was granted options for 100,000 shares; eight additional non-officer employees were granted options to purchase an aggregate of 129,500 shares.
The stock options were granted pursuant to the Coherus BioSciences, Inc. 2016 Employment Commenceent Incentive Plan, which was approved by the Company’s board of directors in June 2016 under Rule 5635(c)(4) of the Nasdaq Global Select Market for equity grants to induce new employees to enter into employment with the Company.
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