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Elutia Announces Grants of Inducement Awards under Nasdaq Listing Rule 5635(c)(4)

  • Elutia Inc. granted equity awards on May 13, 2026, to one new employee as an inducement award under its 2026 Inducement Award Plan.
  • The grant was approved by the independent Compensation Committee of the Board of Directors & complies with Nasdaq Listing Rule 5635(c)(4).
  • The recipient received an aggregate of 48,000 non-qualified stock options.
  • The options vest 25% on the first anniversary of the vesting commencement date, with the balance vesting in equal monthly installments over the following three years.
  • Vesting is contingent upon the recipient's continued employment through the applicable vesting dates.
  • The exercise price for the options was set at $1.05 per share, reflecting the closing price of Elutia's common stock on May 13, 2026.
  • Elutia is a pioneer in developing & commercializing drug-eluting biomatrix technologies to improve compatibility between medical devices & patients.