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Madrigal Pharmaceuticals Announces Grants of Inducement Awards under Nasdaq Listing Rule 5635(c)(4) - February 17, 2026

Key Takeaway: Madrigal Pharmaceuticals announced the granting of equity inducement awards to five new non-executive employees under its 2025 Inducement Plan. These awards, totaling 2,749 restricted stock units, are intended to attract talent and are subject to vesting conditions based on continued employment. Madrigal is focused on developing treatments for metabolic dysfunction-associated steatohepatitis (MASH).
Price reaction · baseline $487.32 (2026-02-17 close) · hit pre-market · 2 other MDGL headline(s) in the window, move may be shared
day 0 close · peak
+0.9%

Market Sentiment Analysis

POSITIVE FACTORS

  • Madrigal granted equity awards to new employees, enhancing workforce.
  • The awards are part of a strategic plan to attract talent.
  • Madrigal's focus on MASH treatment addresses a significant medical need.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+105%
120-day peak, hindsight
Typical move
3.7%
average across 8 past catalysts
Lead asset
Resmetirom
Phase 3 · Non-Alcoholic Fatty Liver Disease

Full Press Release Details

CONSHOHOCKEN, Pa., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL), a biopharmaceutical company focused on delivering novel therapeutics for metabolic dysfunction-associated steatohepatitis (MASH), today announced that it granted equity awards on February 15, 2026 to five new non-executive employees as equity inducement awards under the terms of Madrigal’s 2025 Inducement Plan. The equity awards were approved by Madrigal’s independent Compensation Committee in accordance with Nasdaq Listing Rule 5635(c)(4).
The equity awards were granted as an inducement material to employees’ acceptance of employment with the company. The new employees received, in the aggregate, 2,749 time-based restricted stock units. All restricted stock units granted vest in four equal installments on each of the first through fourth anniversaries of the grant date. The vesting of all awards described above shall be subject to each such employee’s continued employment as of the applicable vesting date.

About Madrigal Pharmaceuticals

Madrigal Pharmaceuticals, Inc. (Nasdaq: MDGL) is a biopharmaceutical company focused on delivering novel therapeutics for metabolic dysfunction-associated steatohepatitis (MASH), a liver disease with high unmet medical need. Madrigal’s medication, Rezdiffra (resmetirom), is a once-daily, oral, liver-directed THR-β agonist designed to target key underlying causes of MASH. Rezdiffra is the first and only medication approved by both the FDA and European Commission for the treatment of MASH with moderate to advanced fibrosis (F2 to F3). An ongoing Phase 3 outcomes trial is evaluating Rezdiffra for the treatment of compensated MASH cirrhosis (F4c). For more information, visitwww.madrigalpharma.com.

Investor ContactTina Ventura, IR@madrigalpharma.com

Media ContactChristopher Frates, media@madrigalpharma.com

Frequently Asked Questions

What are the inducement awards granted by Madrigal?

Madrigal granted 2,749 time-based restricted stock units to new employees.

What is the purpose of the equity awards?

The equity awards are intended to attract new talent to the company.

How do the restricted stock units vest?

The restricted stock units vest in four equal installments over four years.

What is Madrigal's focus in biopharmaceuticals?

Madrigal focuses on developing therapeutics for metabolic dysfunction-associated steatohepatitis.

Last updated: Feb 18, 2026