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Twist Bioscience Corporation Announces Inducement Grants under NASDAQ Listing Rule 5635(c)(4)

  • Twist Bioscience Corporation granted 17,681 restricted stock units to 19 recently hired individuals as employment inducement material under Nasdaq Listing Rule 5635(c)(4).
  • The awards were made under the company's Amended and Restated Inducement Equity Incentive Plan for individuals who were not previously employed by Twist or returned after a bona fide non-employment period.
  • Most RSUs vest over a 48-month period with 25% vesting on the one-year anniversary and 1/16 vesting quarterly thereafter, subject to continued service.
  • Alternative vesting schedules apply for grants under 100 shares (1/8 biannually) or under 50 shares (1/4 annually), both totaling a 48-month vesting period.