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Ultragenyx Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

Key Takeaway: Ultragenyx Pharmaceutical Inc. has granted 20,317 restricted stock units to 17 new non-executive officers as part of its Employment Inducement Plan. This grant, approved by the company's compensation committee, aims to attract talent in accordance with Nasdaq Listing Rule 5635(c)(4). The stock units will vest over four years, contingent on continued employment.

Market Sentiment Analysis

POSITIVE FACTORS

  • Ultragenyx is expanding its team with new hires.
  • The stock units granted demonstrate commitment to employee retention.
  • The company is focused on addressing high unmet medical needs.

Full Press Release Details

NOVATO, Calif., Oct. 24, 2025 (GLOBE NEWSWIRE) -- Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE), a biopharmaceutical company focused on the development and commercialization of novel therapies for rare and ultra-rare diseases, today reported the grant of 20,317 restricted stock units of the company’s common stock to 17 newly hired non-executive officers of the company. The awards were approved by the compensation committee of the company’s board of directors and granted under the Ultragenyx Employment Inducement Plan, with a grant date of October 16, 2025, as an inducement material to the new employees entering into employment with Ultragenyx in accordance with Nasdaq Listing Rule 5635(c)(4).
The restricted stock units vest over four years, with 25% of the underlying shares vesting on each anniversary of the grant date, subject to the employee being continuously employed by the company as of such vesting dates.
About Ultragenyx Pharmaceutical Inc.Ultragenyx is a biopharmaceutical company committed to bringing novel products to patients for the treatment of serious rare and ultrarare genetic diseases. The company has built a diverse portfolio of approved therapies and product candidates aimed at addressing diseases with high unmet medical need and clear biology for treatment, for which there are typically no approved therapies treating the underlying disease.
The company is led by a management team experienced in the development and commercialization of rare disease therapeutics. Ultragenyx’s strategy is predicated upon time- and cost-efficient drug development, with the goal of delivering safe and effective therapies to patients with the utmost urgency.
For more information on Ultragenyx, please visit the company's website at:www.ultragenyx.com.
Contact UltragenyxInvestors & MediaJoshua Higa(415) 475-6370

Frequently Asked Questions

What is the purpose of the stock units granted?

The stock units are granted to attract and retain new non-executive officers.

How many stock units were granted by Ultragenyx?

Ultragenyx granted a total of 20,317 restricted stock units.

What is the vesting schedule for the stock units?

The stock units vest over four years, with 25% vesting each year.

Under which Nasdaq rule was the grant made?

The grant was made under Nasdaq Listing Rule 5635(c)(4).

Last updated: Oct 24, 2025