I'm induced

[jayfish101]

The announcement of inducement grants after hours today seems to me to be huge tell. Can the K man tell us the nature of the hires? Anyway, I think making this announcement is a very confident move and it says people are still willing to take stock for pay, even before the inevitable FDA announcement. I'd guess the new employees are confident in the upcoming approval.

[jayfish101]

FOSTER CITY, Calif.--(BUSINESS WIRE)-- Geron Corporation (Nasdaq: GERN) today reported that it has granted non-statutory stock options to purchase an aggregate of 189,850 shares of Geron common stock as inducements to newly hired employees in connection with commencement of employment with the Company.

The stock options were granted on August 16, 2023 at an exercise price of $2.70 per share, which is equal to the closing price of Geron common stock on the date of grant. Stock options representing an aggregate of 185,220 shares have a 10-year term and vest over four years, with 12.5% of the shares underlying the options vesting on the six-month anniversary of commencement of employment for the respective employees and the remaining shares vesting over the following 42 months in equal installments of whole shares, subject to continued employment with Geron through the applicable vesting dates. Stock options representing an aggregate of 4,630 shares have a 10-year term and vest in full upon achievement of a certain regulatory milestone, subject to continued employment with Geron through the applicable vesting date. All of the stock options were granted as material inducement to employment in accordance with Nasdaq Listing Rule 5635(c)(4) and are subject to the terms and conditions of the stock option agreements covering the grants and Geron’s 2018 Inducement Award Plan, which was adopted December 14, 2018 and provides for the granting of stock options to new employees.

[kmall]

Jayfish101 - Geron recently hired a Senior Manager, Investor Relations.......

Kristen Kelleher - Senior Manager, Investor Relations, Geron Corporation

Hired - July 2023

7/20/2023 - FOSTER CITY, Calif.--(BUSINESS WIRE)-- Geron Corporation (Nasdaq: GERN) reported that it has granted non-statutory stock options to purchase an aggregate of 130,050 shares of Geron common stock as inducements to newly hired employees in connection with commencement of employment with the Company.

Kristen's former employers include: Sanofi, Commvault, Insmed, Encompass, Pacira, Weil Cornell

*Obviously Kristen was hired last month, so no connection with today's PR, although additional Investor Relations employees are always a positive. If nothing else Geron certainly knows how to keep us lowly investors on the edge of their seats.........or maybe it's the edge of a cliff? -Kmall

[biopearl123]

You made me laugh yet again.