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CGEM - Cullinan Oncology grants stock options for 125.7K shares
Cullinan Oncology Inc.
Cullinan Oncology ( NASDAQ: CGEM ) granted stock options to buy 125.7K common shares to three employees as an inducement material for entering into employment with the company.
The stock options have an exercise price of $13.02, which is equal to the closing price of Cullinan's common stock on Sept. 1, the company said in a Sept. 1 press release.
Each option has a ten-year term and vests over four years.