CareDx reports inducement grant under Nasdaq listing rule

CareDx, Inc. announced that, on April 15, 2024, CareDx granted an option to purchase 700,706 shares of CareDx’s common stock and 487,804 restricted stock units to John Hanna, CareDx’s newly appointed President and Chief Executive Officer. The Inducement Option and the Inducement RSUs were approved by the Compensation and Human Capital Committee of CareDx’s board of directors on March 25, 2024, and were an inducement material to Mr. Hanna’s employment with CareDx in accordance with Nasdaq Listing Rule 5635(c)(4).

The Inducement Option has an exercise price of $8.20 and will vest over four years, with 25% of the total number of shares subject to the Inducement Option vesting on April 15, 2025, the one-year anniversary of the date of commencement of Hanna’s employment with CareDx, and 1/48th of the total number of shares subject to the Inducement Option vesting at the end of each calendar month thereafter, subject in each case to Hanna’s continued services with CareDx on each vesting date. The Inducement RSUs will vest in four equal, annual installments beginning on April 15, 2025, the one-year anniversary of the date of commencement of Hanna’s employment with CareDx, subject in each case to Hanna’s continued services with CareDx on each vesting date.

CareDx is providing this information in accordance with Nasdaq Listing Rule 5635(c)(4).
MB Bureau