Press Releases April 22, 2026 07:30 AM

BridgeBio Pharma Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

BridgeBio Pharma grants equity inducements to new employees under Nasdaq rules

By Marcus Reed BBIO
BridgeBio Pharma Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)
BBIO

BridgeBio Pharma announced the approval and issuance of restricted stock unit grants to 33 new employees totaling 67,247 shares, as inducements for employment under Nasdaq Listing Rule 5635(c)(4), with vesting schedules tied to continued employment. The grants aim to attract and retain talent to support the company's focus on developing medicines for genetic conditions.

Key Points

  • BridgeBio Pharma granted restricted stock units totaling 67,247 shares to 33 new employees as inducements to join the company.
  • The vesting schedule starts one-fourth vesting after one year, with subsequent monthly vesting provided continued employment.
  • The equity grants comply with Nasdaq Listing Rule 5635(c)(4) and tie into the company's broader strategic plan to develop treatments for genetic conditions.

PALO ALTO, Calif., April 22, 2026 (GLOBE NEWSWIRE) -- BridgeBio Pharma, Inc. (Nasdaq: BBIO) (“BridgeBio” or the “Company”), a biopharmaceutical company focused on developing medicines for genetic conditions, today announced that on April 18, 2026, the compensation committee of BridgeBio’s board of directors approved equity grants to 33 new employees in restricted stock units for an aggregate of 67,247 shares of the Company’s common stock. One-fourth of the shares underlying each employee’s restricted stock units will vest on May 16, 2027, with one-twelfth of the remaining shares underlying each such employee’s restricted stock units vesting on a quarterly basis thereafter, in each case, subject to each such employee’s continued employment with the Company or one of its subsidiaries on such vesting dates.

The above-described awards were each granted as an inducement material to the employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4) and were granted pursuant to the terms of the Plan. The Plan was adopted by BridgeBio’s board of directors in November 2019, and amended and restated on February 10, 2023 and on December 13, 2023.

About BridgeBio Pharma, Inc.
BridgeBio exists to develop transformative medicines for genetic conditions. Millions of people worldwide living with genetic conditions lack treatment options, often because drug development for small patient populations can be commercially challenging. We aim to bridge the gap between advancements in genetic science and meaningful medicines for underserved patient populations. Our decentralized, hub-and-spoke model is designed for speed, precision, and scalability. Autonomous and empowered teams focus on individual conditions, while a central hub provides the clinical, regulatory, and commercial capabilities needed to bring innovation to market. For more information, visit bridgebio.com and follow us on LinkedIn, X, Facebook, Instagram, YouTube, and TikTok.

BridgeBio Media Contact:
Bubba Murarka, Executive Vice President, Corporate Development
[email protected]   
(650)-789-8220

BridgeBio Investor Contact:
Chinmay Shukla, Senior Vice President, Strategic Finance
[email protected]


Risks

  • The value of the equity grants is contingent on BridgeBio's future stock performance and employee retention, which may be uncertain.
  • Delays or failures in drug development pipelines for genetic conditions could adversely affect the company's valuation and stock price, impacting the value of inducement grants.
  • Competitive pressures in the biopharmaceutical sector and regulatory challenges could affect long-term growth prospects.

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