Clover Biopharmaceuticals grants 10.2 million options; RSUs climb to 9.0 million

Reuters03-27

Clover Biopharmaceuticals grants 10.2 million options; RSUs climb to 9.0 million

Clover granted 10,195,500 share options to 43 participants under its post-IPO share option plan, with an exercise price of HKD 2.84 per share.
The options require USD 0.001 per grantee upon acceptance and have a 10-year validity period.
Separately, the company granted 8,965,000 restricted share units to 33 participants under its RSU scheme, with nil consideration.
For employees, 25% of both the options and RSUs vest after one year, with the remainder vesting in three equal annual installments.
For non-executive and independent non-executive directors, 100% of both awards vest after one year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Clover Biopharmaceuticals Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260327-12073567), on March 27, 2026, and is solely responsible for the information contained therein.

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