Tempest Therapeutics Announces New Stock Option Grants
Tempest Therapeutics Announces New Stock Option Grants
Tempest Therapeutics, Inc. (Nasdaq: TPST), a pioneering biotechnology company in California, is making strides in the fight against cancer through innovative therapeutics. Recently, the company has taken a significant step by issuing nonqualified stock options to two employees under its 2023 Inducement Plan. This development showcases Tempest's commitment to attracting and retaining talent in a competitive industry.
Details of the Stock Option Grants
The Compensation Committee of Tempest Therapeutics has approved the grant of a total of 79,500 stock options. These stock options are structured to vest over a four-year period, with the first 25% becoming available on the employee's one-year anniversary with the company, and the remainder vesting monthly thereafter. This approach not only encourages long-term commitment but also aligns employee interests with the company’s overall success.
Vesting Schedule Explained
The vesting period is designed to promote employee retention and loyalty. Each month after the first anniversary, 1/48th of the stock options will become exercisable, provided that the employee remains with Tempest. This strategy is effective in ensuring that employees are motivated to contribute to the company's progress and growth.
About Tempest Therapeutics
Founded to excel in the field of biotechnology, Tempest Therapeutics focuses on developing cutting-edge therapeutics aimed at treating a variety of cancer types. Its portfolio is diverse, incorporating small molecule product candidates that leverage tumor-targeting and immune-mediated mechanisms. The company is currently engaged in advanced clinical trials, including a vital global study aimed at first-line cancer patients.
Innovative Research and Development
Tempest is not only advancing its programs through essential early-phase research but is also making substantial progress with later-stage investigation, reflecting its dedication to bringing effective treatments to market. This dual approach enhances its potential to revolutionize cancer treatment options.
Contact Information for Investor Relations
For inquiries, investors and media representatives can reach out to the following contacts:
Sylvia Wheeler
Wheelhouse Life Science Advisors
swheeler@wheelhouselsa.com
Aljanae Reynolds
Wheelhouse Life Science Advisors
areynolds@wheelhouselsa.com
Frequently Asked Questions
What is the purpose of the stock options granted by Tempest Therapeutics?
The stock options aim to attract and retain talented employees while aligning their interests with the company’s success.
How many shares were granted to employees under the stock options?
A total of 79,500 shares have been granted to two employees under the 2023 Inducement Plan.
What is the vesting schedule for the stock options?
The stock options vest 25% on the first anniversary of employment and then 1/48th monthly thereafter.
What type of therapeutics does Tempest Therapeutics develop?
Tempest develops targeted and immune-mediated therapeutics aimed at combating a variety of cancers.
Who can I contact for more information about Tempest's investor relations?
Interested parties can contact Sylvia Wheeler or Aljanae Reynolds through their provided email addresses.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Tornator Secures Major Financial Backing with New Loans
- Investor Participation Urged in Verve Therapeutics Case
- Peter Thiel's Massive Stock Sales: Insights and Impacts
- MeridianLink's Secondary Common Stock Offering Details Unveiled
- Key Insights on Top Performing Stocks in Today's Market
- Kia Gwangmyeong EVO Plant: A New Era in EV Manufacturing
- Discover the New Features of OKX's On-chain Earn Product
- Sri Lanka Maintains Steady Interest Rates Amid New Leadership
- Navigating Today's Stock Market: Insights and Predictions
- David Tepper's Optimism for Chinese Stocks Amid Stimulus Push
Recent Articles
- XPeng's Option Trades Analysis: Key Insights for Investors
- Host Hotels & Resorts Sets Date for Q3 2024 Earnings Discussion
- Understanding Recent Options Trends for Moderna (MRNA)
- Ensurge Micropower Shares Insights Through New Research Report
- FLUMIST Gains Approval for Convenient Home Use as Vaccine
- Notable Movements in Cannabis Stocks This September
- Smart for Life's Road Ahead: Aiming for Nasdaq Reinstatement
- Morgan Stanley Funds Announce Quarterly Dividend Information
- Exploring the Recent Surge in Carvana's Options Trading
- Rithm Capital Announces Q3 2024 Dividend Payments for Stockholders
- Evaluating Trade Desk: Insights on Options Activity Trends
- IDACORP Boosts Quarterly Dividend to $0.86, Signaling Growth
- Siemens Expands Presence with New Facility in Tech City
- Granite Point Mortgage Trust Inc. Reports Q3 2024 Dividend Update
- Discovering the Gains from Molina Healthcare Stock Over a Decade
- First Keystone Corporation Declares Quarterly Dividend on Shares
- Investing in HCA Healthcare: A Decade of Impressive Returns
- Transforming $100 in GameStop: A Journey of Growth
- OYO Expands Horizons with Acquisition of G6 Hospitality
- The Impressive Growth of Quanta Services Stock Over a Decade
- DWS Municipal Income and Strategic Trusts Annual Meeting Results
- Exciting Developments for Midland Capital Holdings Corporation
- iBio Highlights Major Advances in Fiscal Year 2024 Results
- Universe Pharmaceuticals INC's Financial Trends and Future Outlook
- MSC Industrial Supply Co. Prepares for Important Earnings Review
- Gear Review and Live Entertainment at Woodlife Farm Market
- EverCommerce Welcomes Alexi Wellman to Board of Directors
- Universe Pharmaceuticals: Analyzing Its Financial Dynamics
- AvalonBay Communities Announces Third Quarter Dividend Details
- Mesa Royalty Trust Discusses Income Distribution Trends Ahead
- CREO Group Expands Market Reach through United Solutions Acquisition
- Bank of America Makes Move to Fully Redeem Preferred Shares
- Midland Capital Holdings Corporation Announces Acquisition Deal
- Maxeon Solar Technologies Moves Forward with Key Stock Split
- American Outdoor Brands Delays 2024 Annual Shareholder Meeting
- Navigating Challenges: Alternus Clean Energy's Path Forward
- Join the CrowdStrike Holdings, Inc. Class Action Today
- ANI Pharmaceuticals Expands Its Footprint with Alimera Deal
- EchoStar's 5G Boost Mobile Network Secures FCC Approval
- Hamilton Beach Brands Achieves Remarkable Growth with New Milestones
- DSS Stock Hits New Low, Leadership Change Sparks Hope
- Atlantic Coastal Corporation Extends Merger Deadline Until October
- Shah Capital Management's Bold Investment in Emeren Group
- Federal Realty Investment Trust COO Sells Shares for $2.1 Million
- Hershey CFO's Stock Sale and Market Insights Unveiled
- Intel's Stock Surge Amid Qualcomm's Proposed Acquisition Talks
- Mistras Group's Michael Lange Sells Stocks Amid Financial Gains
- Coinbase's Gokul Rajaram's Share Sale Highlights Market Trends
- Chad Richison's Stock Sale: Insights into Paycom's Future
- Understanding Novo Nordisk's Recent Phase 2a Trial Results