UroGen Pharma Grants Inducement RSUs to 14 New Employees
UroGen Pharma announced the grants of inducement restricted stock units to 14 new employees in connection with their employment with UroGen. These new team members will support the ongoing commercialization of Jelmyto for pyelocalyceal solution and ZUSDURI for intravesical solution, UroGen's only approved products, and the continued development of UroGen's pipeline. Up to 32,500 ordinary shares of UroGen are issuable upon the vesting and settlement of the RSUs. The RSUs will vest equally over three years, with one-third of the underlying shares vesting each year on the anniversary of the vesting date, subject in each case to the employee's continued service relationship with UroGen. The RSUs are subject to the terms and conditions of UroGen's 2019 Inducement Plan and RSU grant notice and agreement thereunder. The RSUs were granted as an inducement material to each employee entering into employment with UroGen in accordance with Nasdaq Listing Rule 5635(c)(4).
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Wildcat Capital Exits UroGen Pharma Position, Liquidating Approximately $6.79 Million
- Complete Exit: Wildcat Capital Management disclosed in an SEC filing on November 13 that it sold all 495,606 shares of UroGen Pharma, liquidating approximately $6.79 million, which reduces its investment stake from 4% to 0%.
- Stock Performance: UroGen Pharma's shares have surged 113% over the past year, currently priced at $23.52, significantly outperforming the overall market, which has only risen 15%, indicating strong performance in the biotech sector.
- Investment Background: Founded in 2011 as the single-family office of billionaire investor David Bonderman, Wildcat has historically favored concentrated investments over short-term trading, making this exit appear more like disciplined capital recycling rather than a lack of confidence in the company.
- Future Outlook: While UroGen's Jelmyto remains its commercial anchor and the pipeline targets significant unmet needs in urothelial cancers, the volatility in biotech stocks suggests that this exit may signal that investors believe the best returns have already been realized.
Significant Options Trading on Wednesday: UTHR, URGN, DSGN
UroGen Pharma Options Activity: UroGen Pharma Ltd (URGN) has seen a significant options volume of 20,539 contracts today, equating to about 2.1 million underlying shares, which is 192% of its average daily trading volume over the past month.
High Volume Call Option for URGN: The $24 strike call option expiring on February 20, 2026, has particularly high activity with 10,010 contracts traded, representing approximately 1.0 million underlying shares.
Design Therapeutics Options Activity: Design Therapeutics Inc (DSGN) has recorded an options volume of 5,000 contracts today, representing around 500,000 underlying shares, which is 164.8% of its average daily trading volume over the past month.
High Volume Call Option for DSGN: The $9 strike call option expiring on January 16, 2026, has seen all 5,000 contracts traded today, corresponding to approximately 500,000 underlying shares.
