C4 Therapeutics, Inc.NASDAQ: CCCC

C4 Therapeutics Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

· Issued by C4 Therapeutics, Inc. via GlobeNewswire

Summary by 6ix AI

C4 Therapeutics, a clinical-stage drug developer working on targeted protein degradation, granted one new employee non-qualified stock options on November 2, 2026, to buy 85,480 shares of its common stock at a price equal to the stock's closing price on that day.

Key details

  • The grant was approved by the directors on the Organization, Leadership and Compensation Committee of the company's Board of Directors and was made as a material inducement to the individual entering employment with C4T, in accordance with Nasdaq Listing Rule 5635(c)(4).
  • The options vest over four years: 25% of the shares on the first anniversary of the employee's start date, and the rest in thirty-six equal monthly installments after that.

What’s still pending

  • Vesting is subject to the employee's continued employment with C4T through each vesting date.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/c4-therapeutics-announces-inducement-grant-under-nasdaq-listing-rule-5635c4-2

WATERTOWN, Mass., Nov. 02, 2026 (GLOBE NEWSWIRE) -- C4 Therapeutics, Inc. (C4T) (Nasdaq: CCCC), a clinical-stage biopharmaceutical company dedicated to advancing targeted protein degradation science, today announced that the directors serving on the Organization, Leadership and Compensation Committee of the Company’s Board of Directors approved the grant of non-qualified stock options to purchase 85,480 shares of the Company’s common stock to one new employee (the “Inducement Grant”), with the grant made on November 2, 2026 (the “Grant Date”). The Inducement Grant was granted as a material inducement to this individual entering employment with C4T in accordance with Nasdaq Listing Rule 5635(c)(4).

The Inducement Grant has an exercise price per share that is equal to the closing price of C4T’s common stock on the Grant Date. The Inducement Grant will vest over a four-year period, with 25% of the shares vesting on the first-year anniversary of the employee’s start date, with the remainder of the shares vesting in thirty-six equal monthly installments thereafter, subject to the employee’s continued employment with C4T through each vesting date.

About C4 Therapeutics
C4 Therapeutics (C4T) (Nasdaq: CCCC) is a clinical-stage biopharmaceutical company dedicated to delivering on the promise of targeted protein degradation science to create a new generation of medicines that transforms patients’ lives. C4T is progressing targeted oncology programs through clinical studies and leveraging its TORPEDO® platform to efficiently design and optimize small-molecule medicines to address difficult-to-treat diseases. C4T’s degrader medicines are designed to harness the body’s natural protein recycling system to rapidly degrade disease-causing proteins, offering the potential to overcome drug resistance, drug undruggable targets and improve patient outcomes. For more information, please visit www.c4therapeutics.com.

Contacts:
Investors:
Courtney Solberg
Associate Director, Investor Relations
[email protected]

Media:
Loraine Spreen
Senior Director, Corporate Communications & Patient Advocacy
[email protected]

View original source (GlobeNewswire)C4 Therapeutics, Inc. on 6ix

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