Jaguar Health Announces Inducement Grants for New Employees

On January 10, 2025, Jaguar Health, Inc. (NASDAQ: JAGX) disclosed the issuance of restricted stock units (RSUs) to three new employees as part of their hiring inducement. Effective from January 8, 2025, New Employee 1 and New Employee 2 each received 15,000 RSUs, while New Employee 3 was granted 45,000 RSUs.

The RSUs for New Employees 1 and 2 will vest over a one-year period, beginning from the date of their hire. Conversely, New Employee 3's RSUs will vest equally over a span of three years, with a third vesting each year. This decision was sanctioned by Jaguar's Board Compensation Committee, and the RSUs' vesting is contingent upon the employees' continued service with the company.

The grants serve as a key material inducement for accepting employment with Jaguar Health, aligning with the Nasdaq Listing Rule 5635(c)(4).