Kezar+Life+Sciences%2C+Inc., (Nasdaq: KZR), a clinical-stage biotechnology company discovering and developing breakthrough treatments for immune-mediated and oncologic disorders, today announced that, in connection with the previously announced appointment of Nick Mordwinkin, Pharm.D., Ph.D., as the Company’s Chief Business Officer, the Compensation Committee of the company’s Board of Directors granted Dr. Mordwinkin a nonqualified stock option to purchase 200,000 shares of its common stock with an exercise price of $9.35 per share, which is equal to the closing price of Kezar’s common stock on August 1, 2022. In addition, the Compensation Committee of the company’s Board of Directors granted one additional employee a nonqualified stock option to purchase 60,000 shares of its common stock with an exercise price of $9.35 per share, which is equal to the closing price of Kezar’s common stock on August 1, 2022. The stock options were granted as an inducement award material to the individuals entering into employment with Kezar, in accordance with Nasdaq Listing Rule 5635(c)(4).
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