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Rigel Pharmaceuticals, Inc. Announces Inducement Grants under NASDAQ Listing Rule 5635(c)(4)

Key Takeaway: Rigel Pharmaceuticals, Inc. announced the grant of 35,275 restricted stock units to 18 non-executive employees as part of its Inducement Plan. This initiative, approved by the Compensation Committee, aims to attract new talent in accordance with NASDAQ Listing Rule 5635(c)(4). The stock units will vest over four years, promoting employee retention.

Market Sentiment Analysis

POSITIVE FACTORS

  • Rigel is expanding its workforce with new hires.
  • The inducement grants reflect confidence in the company's future.
  • The vesting schedule incentivizes long-term commitment from employees.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+72%
120-day peak, hindsight
Typical move
12.7%
average across 7 past catalysts
Lead asset
Fostamatinib
Phase 2 · Acute Respiratory Distress Syndrome

Full Press Release Details

SOUTH SAN FRANCISCO, Calif., Oct. 2, 2026 / PRNewswire / -- Rigel Pharmaceuticals, Inc. ("Rigel") (Nasdaq: RIGL) today announced that it has granted awards pursuant to the Rigel Pharmaceuticals, Inc. Inducement Plan, approved by the Compensation Committee of Rigel's Board of Directors and granted as an inducement material to employees entering into employment with Rigel, in accordance with NASDAQ Listing Rule 5635(c)(4). Specifically, Rigel granted 35,275 restricted stock units to 18 non-executive employees vesting over four years with 25% of the grant vesting each year.
About Rigel Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL) is a biotechnology company dedicated to discovering, developing and providing novel therapies that significantly improve the lives of patients with hematologic disorders and cancer. Founded in 1996, Rigel is based in South San Francisco, California. For more information on Rigel, its marketed products and pipeline of potential products, please visit www.rigel.com.

Contact for Investors & Media Rigel Pharmaceuticals, Inc. 650.624.1232 ir @rigel.com

Frequently Asked Questions

What are the inducement grants by Rigel Pharmaceuticals?

Rigel Pharmaceuticals granted 35,275 restricted stock units to new employees as part of its Inducement Plan.

How many employees received the stock units?

The stock units were granted to 18 non-executive employees.

What is the vesting schedule for the stock units?

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

What is the purpose of the inducement grants?

The grants aim to attract and retain talent in accordance with NASDAQ Listing Rule 5635(c)(4).

Last updated: Oct 2, 2026