Sonder Holdings Inc. Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
Sonder Holdings Inc. (NASDAQ: SOND; “Sonder”) today announced that on August 17, 2023, the Compensation Committee of Sonder’s Board of Directors made equity inducement grants of stock options exercisable for an aggregate of 487,099 shares of its common stock to one hundred eighty seven (187) newly hired non-executive employees under the Sonder Holdings Inc. 2023 Inducement Equity Incentive Plan (the “Inducement Plan”).
- Sonder Holdings Inc. (NASDAQ: SOND; “Sonder”) today announced that on August 17, 2023, the Compensation Committee of Sonder’s Board of Directors made equity inducement grants of stock options exercisable for an aggregate of 487,099 shares of its common stock to one hundred eighty seven (187) newly hired non-executive employees under the Sonder Holdings Inc. 2023 Inducement Equity Incentive Plan (the “Inducement Plan”).
- The stock options were granted as an inducement material to the employees’ entering into employment with Sonder (or one of its subsidiaries) pursuant to Nasdaq Listing Rule 5635(c)(4).
- The Inducement Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of Sonder (or one of its subsidiaries), or following a bona fide period of non-employment, as an inducement material to such individuals’ entering into employment with Sonder (or one of its subsidiaries), pursuant to Nasdaq Listing Rule 5635(c)(4).
- The stock options have an exercise price of $.50 per share, the closing price of Sonder’s common stock as reported by Nasdaq on August 17, 2023, the grant date.