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Syndax Pharmaceuticals Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4) - March 4, 2026

Key Takeaway: Syndax Pharmaceuticals announced the grant of inducement awards for stock options to three new employees under its 2023 Inducement Plan. The awards, totaling 81,600 shares, will vest over four years, promoting employee retention. This move aligns with the company's strategy to enhance its workforce as it advances its innovative cancer therapies.

Market Sentiment Analysis

POSITIVE FACTORS

  • Syndax Pharmaceuticals is expanding its workforce with new hires.
  • The company is advancing innovative cancer therapies.
  • Inducement grants reflect confidence in the company's future.

Full Press Release Details

NEW YORK, March 04, 2026 (GLOBE NEWSWIRE) -- Syndax Pharmaceuticals (Nasdaq: SNDX), a commercial-stage biopharmaceutical company advancing innovative cancer therapies, today announced that on March 1, 2026, the Company granted inducement awards to purchase up to 81,600 shares of common stock to three new employees under the Company's 2023 Inducement Plan. The stock options will vest over four years, with 25% of the underlying shares vesting on the one-year anniversary of the vesting commencement date and 1/48th of the underlying shares vesting monthly thereafter over 36 months, subject to the employee's continued service relationship with Syndax through the applicable vesting dates.
About SyndaxSyndax Pharmaceuticals is a commercial-stage biopharmaceutical company advancing innovative cancer therapies. Highlights of the Company's pipeline include Revuforj®(revumenib), an FDA-approved menin inhibitor, and Niktimvo™ (axatilimab-csfr), an FDA-approved monoclonal antibody that blocks the colony stimulating factor 1 (CSF-1) receptor. Fueled by our commitment to reimagining cancer care, Syndax is working to unlock the full potential of its pipeline and is conducting several clinical trials across the continuum of treatment. For more information, please visitwww.syndax.comor follow the Company onXandLinkedIn.

Syndax Contact

Sharon KlahreSyndax Pharmaceuticals, Inc.sklahre@syndax.comTel 781.684.9827

Frequently Asked Questions

What are the inducement awards granted by Syndax?

Syndax granted inducement awards to purchase up to 81,600 shares of common stock to three new employees.

How will the stock options vest?

The stock options will vest over four years, with 25% vesting after one year and the remainder monthly.

What is the purpose of the inducement awards?

The inducement awards aim to attract and retain new employees as part of Syndax's growth strategy.

What is Syndax Pharmaceuticals known for?

Syndax is known for advancing innovative cancer therapies, including FDA-approved treatments.

Last updated: Mar 5, 2026