Press Releases May 1, 2026 04:05 PM

Solid Biosciences Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Solid Biosciences Announces Restricted Stock Unit Grants to New Employee Under Nasdaq Inducement Rule

By Priya Menon
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Solid Biosciences Inc., a US-based precision genetic medicine company, announced the grant of 8,070 restricted stock units to a newly hired employee as an inducement under Nasdaq Listing Rule 5635(c)(4). The RSUs vest over four years, contingent on continued employment. The company is focused on developing gene therapies for rare neuromuscular and cardiac diseases such as Duchenne muscular dystrophy and Friedreich's ataxia.

Solid Biosciences Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
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Key Points

  • Solid Biosciences awarded inducement RSU grants to a new employee to attract talent.
  • The RSUs vest in equal annual installments over four years, dependent on employee service.
  • The company's pipeline targets rare neuromuscular and cardiac genetic diseases, highlighting its focus on gene therapy.
  • The biotech and healthcare sectors are impacted due to the company's involvement in gene therapy research and development.

CHARLESTOWN, Mass., May 01, 2026 (GLOBE NEWSWIRE) -- Solid Biosciences Inc. (Nasdaq: SLDB) (the “Company”), a life sciences company developing precision genetic medicines for neuromuscular and cardiac diseases, today announced a grant of 8,070 restricted stock units (“RSUs”) to one newly hired employee.

The RSUs vest in four equal installments on each one-year anniversary of the grant date until the fourth anniversary of the grant date. Vesting of the equity awards is subject to the applicable employee’s continued service with the Company through each applicable vesting date.

This grant was made pursuant to the Company’s 2024 Inducement Stock Incentive Plan and was made as an inducement material to the employee’s acceptance of employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).

About Solid Biosciences
Solid Biosciences is a precision genetic medicine company focused on advancing a portfolio of gene therapy candidates targeting rare neuromuscular and cardiac diseases, including SGT-003 for Duchenne muscular dystrophy (Duchenne), SGT-212 for Friedreich’s ataxia (FA), SGT-501 for catecholaminergic polymorphic ventricular tachycardia (CPVT), SGT-601 for TNNT2-mediated dilated cardiomyopathy and additional fatal, genetic cardiac diseases. The Company is also focused on developing innovative libraries of genetic regulators and other enabling technologies with promising potential to significantly impact gene therapy delivery cross-industry. Solid is advancing its diverse pipeline and delivery platform in the pursuit of uniting experts in science, technology, disease management, and care. Patient-focused and founded by those directly impacted by Duchenne, Solid’s mission is to improve the daily lives of patients living with devastating rare diseases. For more information, please visit www.solidbio.com.

Solid Biosciences Investor Contact:
Nicole Anderson
Senior Director, Investor Relations and Corporate Communications
Solid Biosciences Inc.
investors@solidbio.com


Risks

  • Vesting of RSUs depends on continued employment, which may affect employee retention and motivation.
  • The success of the company relies on advancement of experimental gene therapies, which face regulatory and clinical trial uncertainties.
  • The niche rare disease market may limit revenue potential and expose the company to competitive and scientific risks.

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