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Syndax Pharmaceuticals Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

Key Takeaway: Syndax Pharmaceuticals announced the grant of inducement awards for 213,500 shares to five new employees under its 2023 Inducement Plan. The stock options will vest over four years, starting with 25% after one year. This move supports the company's commitment to advancing innovative cancer therapies.

Market Sentiment Analysis

POSITIVE FACTORS

  • Inducement awards granted to five new employees.
  • Stock options will vest over four years.
  • Company committed to innovative cancer therapies.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+1%
120-day peak, hindsight
Typical move
6.1%
average across 15 past catalysts
Cash runway
~47 mo
Low dilution risk
Lead asset
Entinostat
Phase 2 · Non-Small Cell Lung Cancer

Full Press Release Details

NEW YORK, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Syndax Pharmaceuticals (Nasdaq: SNDX), a commercial-stage biopharmaceutical company advancing innovative cancer therapies, today announced that on November 4, 2026, the Company granted inducement awards to purchase up to 213,500 shares of common stock to five 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 Syndax Syndax 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 visit www.syndax.com or follow the Company on X and LinkedIn.

Syndax Contact

Frequently Asked Questions

What are the inducement awards granted by Syndax?

Syndax granted inducement awards to purchase 213,500 shares to five new employees.

How will the stock options vest?

The stock options will vest over four years, starting with 25% after one year.

What is the purpose of the inducement plan?

The plan aims to attract and retain talent within the company.

What is Syndax Pharmaceuticals known for?

Syndax is known for advancing innovative cancer therapies.

Last updated: Nov 4, 2026