RAPT Therapeutics Reprices Underwater Employee Stock Options

RAPT Therapeutics ( (RAPT) ) has issued an announcement.

RAPT Therapeutics has approved a repricing of underwater options for its employees, significantly reducing the exercise price to $1.57 per share, effective November 13, 2024. This move aims to retain and motivate employees without incurring stock dilution or additional cash compensation, as the options were previously priced between $8.18 and $44.66, far above the current market price. Employees must stay with the company through a specified retention period to benefit from the reduced exercise price.

See more data about RAPT stock on TipRanks’ Stock Analysis page.