# GeneDx Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Canonical URL: https://biopharmsignal.com/news/WGS/genedx-reports-inducement-grants-under-nasdaq-listing-rule-5635-c-4-a773248e
Ticker: WGS
Company: GeneDx
Source: GeneDx
Published: 2024-01-24 21:30 EST
## Summary

GeneDx, a leader in delivering improved health outcomes through genomic and clinical insights, today...

## Article Body
GeneDx, a leader in delivering improved health outcomes through genomic and clinical insights, today announced that, effective as of January 23, 2024, the compensation committee of GeneDx’s board of directors granted newly hired employees 106,030 restricted stock units (“RSUs”) as inducements material to each employee entering into employment with GeneDx. The RSUs were granted under GeneDx’s 2023 Equity Inducement Plan and in accordance with Nasdaq Listing Rule 5635(c)(4).

The inducement RSUs will vest in equal annual installments over the four-year period following the grant date, subject to the employee’s continued service with the Company on each applicable vesting date.

Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement. Typically, upon full vesting, shares are sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs and funded by a "sell to cover" transaction. This does not represent a discretionary transaction by the Reporting Person.

About GeneDx

GeneDx (Nasdaq: WGS) delivers personalized and actionable health insights to inform diagnosis, direct treatment and improve drug discovery. The company is uniquely positioned to accelerate the use of genomic and large-scale clinical information to enable precision medicine as the standard of care. GeneDx is at the forefront of transforming healthcare through its industry-leading exome and genome testing and interpretation, fueled by one of the world’s largest, rare disease data sets. For more information, please visit www.genedx.com and connect with us on LinkedIn , Facebook , Twitter and Instagram .

GeneDx Investor Relations Contact: Investors@GeneDx.com

GeneDx Media Contact: Press@GeneDx.com
## Recent Company News
- 2024-07-11 20:05 EST — [GeneDx to Report Second Quarter 2024 Financial Results on Tuesday, July 30, 2024](https://biopharmsignal.com/news/WGS/genedx-to-report-second-quarter-2024-financial-results-on-tuesday-july-30-2024-4818bc73) — Source: GeneDx
- 2024-06-10 12:30 EST — [GeneDx Announces Collaboration with Epic Aura to Expand Access to Rapid Whole Genome Sequencing (rWGS) Services to Inform Diagnosis in Affected Pediatric and Neonatal Patients](https://biopharmsignal.com/news/WGS/genedx-announces-collaboration-with-epic-aura-to-expand-access-to-rapid-whole-ge-740de912) — Source: GeneDx
- 2024-06-05 11:00 EST — [GeneDx Announces Patient Access Program to Expand Access to Exome Testing for Pediatric Epilepsy Patients](https://biopharmsignal.com/news/WGS/genedx-announces-patient-access-program-to-expand-access-to-exome-testing-for-pe-c4b289d2) — Source: GeneDx
- 2024-05-22 20:05 EST — [GeneDx to Participate in Upcoming Investor Conferences](https://biopharmsignal.com/news/WGS/genedx-to-participate-in-upcoming-investor-conferences-5e6d9364) — Source: GeneDx
- 2024-04-29 20:05 EST — [GeneDx Reports First Quarter 2024 Financial Results and Business Highlights](https://biopharmsignal.com/news/WGS/genedx-reports-first-quarter-2024-financial-results-and-business-highlights-6b87f4af) — Source: GeneDx
## Related News
- 2026-07-29 13:00 EST — ENLV — [Enlivex Management to Host Webinar to Discuss Capital Strategy, Rain Protocol Treasury Strategy, and Recent Clinical Milestones](https://biopharmsignal.com/news/ENLV/enlivex-management-to-host-webinar-to-discuss-capital-strategy-rain-protocol-tre-5921a627)
- 2026-07-29 12:30 EST — PRGO — [Perrigo to Present at the Canaccord 46th Annual Growth Conference](https://biopharmsignal.com/news/PRGO/perrigo-to-present-at-the-canaccord-46th-annual-growth-conference-40431922)
- 2026-07-29 12:30 EST — LIXT — [NOMAD Announces Operational Deployment of Two Mobile Battery Systems by DSO Electric Cooperative](https://biopharmsignal.com/news/LIXT/nomad-announces-operational-deployment-of-two-mobile-battery-systems-by-dso-elec-7fc12a2c)
- 2026-07-29 12:30 EST — RNXT — [RenovoRx to Host Second Quarter 2026 Financial Results and Business Highlights Conference Call on August 12th at 4:30 p.m. ET](https://biopharmsignal.com/news/RNXT/renovorx-to-host-second-quarter-2026-financial-results-and-business-highlights-c-8bed10ec)
- 2026-07-29 12:25 EST — ICCM — [IceCure: SIO Petitions NCCN to Include Cryoablation in Breast Cancer Treatment Guidelines, Citing IceCure's FDA Clearance  of ProSense®](https://biopharmsignal.com/news/ICCM/icecure-sio-petitions-nccn-to-include-cryoablation-in-breast-cancer-treatment-gu-bec46cd3)