Geron Corporation granted stock options to purchase an aggregate of 690,000 shares of common stock to eight newly hired employees, effective June 17, 2026. The grants were made as an inducement material to the employees' acceptance of employment. The options have an exercise price of $1.23 per share, equal to the closing price on the grant date, and a ten-year term. They vest over four years, with 12.5% of the shares vesting on the six-month anniversary of employment commencement and the remaining shares vesting over the following 42 months in equal installments, subject to continued employment.
Geron CorporationStock option grants to new employees are routine inducements, not a material event affecting company value.