KalVista Pharmaceuticals Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

KALV 11.05.2024

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  • 01.08.2025 - KalVista Pharmaceuticals Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
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CAMBRIDGE, Mass.&SALISBURY, England--(BUSINESS WIRE)--Nov. 5, 2024--KalVista Pharmaceuticals, Inc.(NASDAQ: KALV), today announced that the compensation committee of KalVista’s board of directors granted twelve newly-hired employees inducement options to purchase an aggregate of 78,000 shares ofKalVistacommon stock onNovember 1, 2024as inducements material to each employee entering into employment withKalVista. The options were granted in accordance with Nasdaq Listing Rule 5635(c)(4).

The options have an exercise price of$10.61per share, which was equal to the closing price ofKalVistacommon stock on the grant date. One-fourth of the options vest on the one-year anniversary of the vesting commencement date and the remainder vest in equal monthly installments over the next three years, in each case subject to the new employee’s continued service with the company. Each stock option has a 10-year term and is subject to the terms and conditions of KalVista’s Inducement Equity Incentive Plan and a stock option agreement covering the grant.

AboutKalVista Pharmaceuticals, Inc.

KalVista Pharmaceuticals, Inc.is a global pharmaceutical company that seeks to develop and deliver oral medicines for diseases with significant unmet need.KalVistais focused on understanding the needs of patients and the limitations of current therapies to design treatments that empower people to better manage their disease and improve their lives. KalVista’s New Drug Application filing for sebetralstat for the on-demand treatment of hereditary angioedema (“HAE”) attacks has been accepted by theU.S. Food and Drug Administrationwith a Prescription Drug User Fee Amendments goal date ofJune 17, 2025. In addition,KalVistahas received validation of its Market Authorization Application (“MAA”) for HAE from theEuropean Medicines Agencyand has submitted MAA applications to regulators in theUnited Kingdom,Switzerland,Australia, andSingapore.

For more information aboutKalVista, please visitwww.kalvista.comor follow on social media at@KalVistaandLinkedIn.

View source version onbusinesswire.com:https://www.businesswire.com/news/home/20241105679669/en/

KalVista Pharmaceuticals, Inc.Media:Jenn SnyderVice President, Corporate Affairs(857) 356-0479jennifer.snyder@kalvista.com

Investors:Ryan BakerHead, Investor Relations(617) 771-5001ryan.baker@kalvista.com

Source:KalVista Pharmaceuticals, Inc.

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