Quantum-Si Inc., a leader in protein sequencing, has announced the approval of inducement grants under its 2023 Inducement Equity Incentive Plan. The plan, aligned with Nasdaq Listing Rule 5635(c)(4), facilitates the issuance of equity awards to new employees as a motivating factor for joining the company. Specifically, the Compensation Committee of Quantum-Si's Board of Directors has allocated 16,555 restricted stock units (RSUs) to newly hired staff. These RSUs will vest at 25% on June 20, 2026, with the remaining balance vesting in 12 equal quarterly installments, contingent on the employee's continued service with the company. The grants are subject to the conditions outlined in the 2023 Inducement Plan and corresponding RSU agreements.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.