Forte Biosciences Announces Equity Inducement Awards for New Employees Under 2020 Incentive Plan

Reuters10-04
Forte Biosciences Announces Equity Inducement Awards for New Employees Under 2020 Incentive Plan

Forte Biosciences Inc. has announced the grant of equity inducement awards to new non-executive employees. The awards consist of options to purchase a total of 125,000 shares of common stock. These stock options will vest over four years, with 25 percent vesting after the first year and the remaining 75 percent vesting in equal monthly installments over the following three years. The grants were made under Forte's 2020 Inducement Equity Incentive Plan.

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