Schrödinger Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Key Facts

NEW YORK--()--Schrödinger, Inc. (Nasdaq: SDGR), whose physics-based software platform is transforming the way therapeutics and materials are discovered, today reported that on October 15, 2021, the company granted non-statutory stock options to purchase an aggregate of 35,550 shares of the company’s common stock to 13 newly hired employees.
These grants were made pursuant to the company’s 2021 Inducement Equity Incentive Plan, were approved by the compensation committee of the board of directors pursuant to a delegation by the company’s board of directors, and were made as a material inducement to such employees’ acceptance of employment with the company in accordance with Nasdaq Listing Rule 5635(c)(4) as a component of his or her employment compensation.
The inducement grants are subject to the terms and conditions of award agreements covering the grants and the company’s 2021 Inducement Equity Incentive Plan.
Schrödinger has pioneered a physics-based software platform that enables discovery of high-quality, novel molecules for drug development and material applications more rapidly and at lower cost compared to traditional methods.