Viracta Therapeutics Announces New Employment Inducement Grant

SAN DIEGO, Sept. 19, 2022 (GLOBE NEWSWIRE) — Viracta Therapeutics, Inc. (Nasdaq:VIRX), a precision oncology company targeting virus-associated malignancies, today announced that, in connection with the appointment of Mark Rothera as Viracta’s new President and Chief Executive Officer, the independent members of Viracta’s Board of Directors approved the grant of a non-qualified stock option to Mr. Rothera to purchase 1,375,000 shares of common stock. The option vests over four years, with 25% vesting on the one-year anniversary of Mr. Rothera’s employment commencement date and the remaining 75% vesting in equal monthly increments over the succeeding 36 months, subject to Mr. Rothera’s continuous service to Viracta through each vesting date. The option has an exercise price of $5.21 per share, which is equal to the closing price of Viracta’s common stock on September 19, 2022.

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