Ocular Therapeutix Reports Inducement Grants to New Employees

Ocular Therapeutix has granted inducement awards to eight newly hired non-executive employees. The awards consist of non-statutory stock options and restricted stock unit awards, totaling 51,600 and 17,066 shares of common stock, respectively. The stock options have a 10-year term and vest over four years, while the restricted stock unit awards vest over three years. The awards were granted under Ocular's 2019 Inducement Stock Incentive Plan.