Madrigal Pharmaceuticals Announces Equity Awards for New Employees Under Nasdaq Listing Rule 5635(c)(4)

Madrigal Pharmaceuticals has granted equity awards to 20 new non-executive employees as inducement material to their acceptance of employment. The awards consist of options to purchase 789 shares of common stock and 6,882 time-based restricted stock units. Options vest as follows: 25% on the first anniversary and 6.25% on each quarterly anniversary thereafter. All restricted stock units vest in four equal installments on each of the first through fourth anniversaries of the grant date.