Lifecore Biomedical Grants 18,500 RSUs Under Nasdaq Listing Rule 5635(c)(4)

Lifecore Biomedical has granted a restricted stock unit award to a newly hired employee as a material inducement to join the company. The award consists of 18,500 shares of Lifecore's common stock and will vest on the third anniversary of the grant date, subject to continued employment. The award was approved by Lifecore's compensation committee and was granted pursuant to the Nasdaq Listing Rule 5635(c)(4) under the Inducement Plan.