NEWTON,
Mass., July 1, 2024 /PRNewswire/ -- Karyopharm
Therapeutics Inc. (Nasdaq: KPTI), a commercial-stage pharmaceutical
company pioneering novel cancer therapies, today announced that the
Company granted an aggregate of 8,800 restricted stock units (RSUs)
to three newly-hired employees. These RSU awards were granted as of
June 30, 2024 (the "Grant Date")
pursuant to the Company's 2022 Inducement Stock Incentive Plan, as
amended, as inducements material to the new employees entering into
employment with Karyopharm in accordance with Nasdaq Listing Rule
5635(c)(4).
Each RSU award will vest over three years, with 33 1/3% of the
shares underlying the RSU award vesting on each of the three
consecutive anniversaries of the Grant Date. The vesting of each
RSU award is subject to the employee's continued service as an
employee of, or other service provider to, Karyopharm through the
applicable vesting dates. In addition, each RSU award will be
immediately exercisable in full if, on or prior to the first
anniversary of the consummation of a "change in control event," the
employee's employment is terminated for "good reason" by the
employee or terminated without "cause" by Karyopharm (as such terms
are defined in the applicable RSU agreement).
About Karyopharm Therapeutics
Karyopharm Therapeutics Inc. (Nasdaq: KPTI) is a
commercial-stage pharmaceutical company whose dedication to
pioneering novel cancer therapies is fueled by a belief in the
extraordinary strength and courage of patients with cancer. Since
its founding, Karyopharm has been an industry leader
in oral compounds that address nuclear export dysregulation, a
fundamental mechanism of oncogenesis. Karyopharm's lead
compound and firstinclass, oral exportin 1 (XPO1) inhibitor,
XPOVIO® (selinexor), is approved in the U.S. and marketed by
the Company in three oncology indications. It has also received
regulatory approvals in various indications in a growing number of
exU.S. territories and countries, including Europe and the United Kingdom (as NEXPOVIO®) and China. Karyopharm has a focused pipeline
targeting indications in multiple high unmet need cancers,
including in multiple myeloma, endometrial cancer, myelofibrosis,
and diffuse large B-cell lymphoma (DLBCL). For more information
about our people, science and pipeline, please
visit www.karyopharm.com, and follow us on LinkedIn and on X
at @Karyopharm.
XPOVIO® and NEXPOVIO® are registered
trademarks of Karyopharm Therapeutics Inc.
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SOURCE Karyopharm Therapeutics Inc.