Forte Biosciences, Inc. Reports Inducement Grant Under Nasdaq Listing Rules
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3:01 PM on Monday, November 24
The Associated Press
DALLAS--(BUSINESS WIRE)--Nov 24, 2025--
Forte Biosciences, Inc. ( www.fortebiorx.com ) (NASDAQ: FBRX), a clinical-stage biopharmaceutical company focused on developing FB102, which is a proprietary anti-CD122 monoclonal antibody therapeutic candidate with potentially broad autoimmune and autoimmune-related indications, today announced the issuance of an equity inducement award as required by the Nasdaq Stock Market Rules.
In accordance with NASDAQ Listing Rule 5635(c)(4), the Compensation Committee of Forte’s Board of Directors approved the grant of an equity award in the form of options to purchase a total of 15,000 shares of common stock to a new non-executive employee as a material inducement to such individual accepting employment with the Company. The option award shall vest over four years, with twenty-five percent vesting on the one-year anniversary of the applicable optionee’s employment commencement date and the remaining seventy-five percent vesting in approximately equal monthly increments over the succeeding thirty-six months, subject to the individual’s continuous employment through each vesting date.
The inducement award was made under Forte’s 2020 Inducement Equity Incentive Plan and related award agreements.
About Forte
Forte Biosciences, Inc. is a clinical-stage biopharmaceutical company focused on developing FB102, which is a proprietary anti-CD122 monoclonal antibody therapeutic candidate with potentially broad autoimmune and autoimmune-related indications.
Source: Forte Biosciences, Inc.
View source version on businesswire.com:https://www.businesswire.com/news/home/20251124307887/en/
CONTACT: Forte Biosciences, Inc.
Paul Wagner, CEO
LifeSci Advisors
Mike Moyer, Managing Director
KEYWORD: TEXAS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: BIOTECHNOLOGY PHARMACEUTICAL HEALTH
SOURCE: Forte Biosciences, Inc.
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PUB: 11/24/2025 04:01 PM/DISC: 11/24/2025 04:01 PM
http://www.businesswire.com/news/home/20251124307887/en
