Press Releases May 21, 2026 04:05 PM

Outset Medical Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

Outset Medical Announces Equity Awards to New Employees Under Nasdaq Inducement Rule

By Leila Farooq OM

Outset Medical reported the grant of 45,000 restricted stock units as inducement equity awards to two newly hired non-executive employees under the Nasdaq Listing Rule 5635(c)(4). The awards vest over three years, contingent on continued employment. This move aims to attract talent outside the existing shareholder-approved equity plans, supporting the company's growth in medical technology focused on dialysis.

Outset Medical Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
OM

Key Points

  • Outset Medical granted 45,000 RSUs to two new non-executive employees as inducement to employment.
  • The RSUs vest over three years with standard conditions, reflecting long-term employee retention strategies.
  • This equity award is compliant with Nasdaq rules and is outside of shareholder-approved equity plans.
  • The company's focus on innovative dialysis technology impacts healthcare and medical technology sectors, potentially influencing renal care delivery.

SAN JOSE, Calif., May 21, 2026 (GLOBE NEWSWIRE) -- Outset Medical, Inc. (Nasdaq: OM), a medical technology company pioneering a first of-its-kind technology to improve clinical outcomes in dialysis with less cost and complexity (the “Company”), today announced that the Compensation Committee of its Board of Directors approved equity awards under the Company’s Inducement Plan, as a material inducement to employment to two newly appointed non-executive employees, in each case, who were not previous employees or directors of the Company. The equity awards were approved in accordance with Nasdaq Listing Rule 5635(c)(4), which also requires a public announcement of any equity awards that are not made under a stockholder approved equity plan.

The equity awards to the two employees were granted in the form of an aggregate of 45,000 restricted stock units (“RSUs”). The RSUs will vest over a period of three years, with 33.33% vesting on the one-year anniversary of each employee’s start date and the remaining 66.67% vesting in quarterly installments thereafter, subject to continued service through the applicable vesting dates and subject further to acceleration or forfeiture upon the occurrence of certain events as set forth in each employee’s award agreement.

About Outset Medical, Inc.

Outset is a medical technology company transforming the dialysis experience across the continuum of care with a first-of-its-kind technology. The Tablo® Hemodialysis System, FDA-cleared for use from hospital to home, is trusted by more than 1,000 U.S. healthcare facilities and has enabled millions of treatments delivered by thousands of nurses. Designed to reduce the cost and complexity of dialysis, Tablo combines water purification and on-demand dialysate production into a single, integrated system that connects seamlessly with Electronic Medical Record systems and a proprietary data analytics platform. This enterprise solution empowers providers to develop an in-house dialysis program where they are in control – enabling better operational, clinical, and financial outcomes. Outset is redefining what’s possible in kidney care through innovation, scale, and a relentless commitment to improving the lives of patients and the professionals who care for them. For more information, visit www.outsetmedical.com.

Investor Contact
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Risks

  • The value of RSUs depends on the company's stock price performance, which can be volatile and affect employee retention incentives.
  • Recruitment and retention risks if new hires do not meet company expectations or if equity awards do not sufficiently motivate employees.
  • Regulatory and market acceptance risks inherent in medical device adoption and reimbursement policies may affect company performance and stock value.

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