Anika Therapeutics Grants Stock Options to New Hire Team Member

Anika Therapeutics Grants Stock Options under Nasdaq Rules

Anika Therapeutics, Inc. (NASDAQ: ANIK), a prominent player in the management of osteoarthritis pain and regenerative solutions, has made an impactful announcement. Recently, the company granted stock options to one of its newly hired non-executive employees. These options cover a total of 2,500 shares at an exercise price that aligns with the recent closing stock price on the Nasdaq Global Select Market. This strategic move occurs under the guidelines of the Anika Therapeutics, Inc. 2021 Inducement Plan, which is aimed at attracting talented individuals to join the company.

Details of the Stock Options Grant

The stock options, referred to as "Options," were granted on a specific date, providing a key component of the new hire’s compensation package. These Options are set to vest gradually, with one-third becoming available on each of the first three anniversaries following the grant date. This structure is designed to encourage the employee's continuous commitment to Anika over time, fostering a stable and dedicated workforce.

Vesting and Expiration Terms

As part of the grant, Anika has established clear terms for the Options. Unless they are terminated prematurely, these Options will remain valid for ten years from the grant date. The Options are also subject to the equity award agreement sanctioned by Anika, which outlines the necessary conditions and guidelines.

Insights into Anika Therapeutics’ Mission

Founded with a mission to focus exclusively on osteoarthritis pain management and regenerative solutions, Anika Therapeutics prides itself on innovation and excellence. The company collaborates closely with clinical practitioners to enrich patient outcomes globally, demonstrating its commitment to enhancing health and well-being. The passion infusing their operations is evident, focusing on delivering a unique product portfolio that stands out in the market.

Global Presence and Leadership

With headquarters situated just outside of Boston, Massachusetts, Anika has positioned itself as a leader on the international stage. The company is dedicated to the design, development, and commercialization of hyaluronic acid-based innovations, which play a significant role in modern orthopedic treatments. This commitment to advancing medical technology reflects the company’s vision of creating impactful solutions for patients.

Connecting with Anika Therapeutics

For those interested in learning more about Anika Therapeutics or their innovative products, detailed information is available on their official website. The company remains open to engaging with stakeholders and investors alike, reflecting its belief in transparency and effective communication.

Investor Relations Contact

The Director of Corporate Development and Investor Relations, Matt Hall, is available for inquiries related to investments. Anika encourages potential investors and interested parties to reach out via direct communication for any questions or further information.

Frequently Asked Questions

What are the key details of the stock options granted?

The stock options granted cover 2,500 shares at an exercise price of $9.15, with vesting scheduled over three years.

What is the purpose of the inducement grant?

The inducement grant aims to incentivize a new employee's acceptance of their position and encourage long-term commitment.

How long will the stock options remain valid?

The options will expire ten years from the grant date unless terminated earlier according to the terms of the agreement.

Where is Anika Therapeutics headquartered?

Anika Therapeutics is headquartered just outside of Boston, Massachusetts, positioning itself as a global leader in its field.

Who should I contact for investor relations inquiries?

For inquiries, Matt Hall, the Director of Corporate Development and Investor Relations, can be contacted directly at the company.

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