- Veritone (VERI, Financial) grants 60,000 restricted stock units as an inducement to a new employee.
- The RSUs vest in equal tranches over a four-year period.
- This grant complies with Nasdaq Listing Rule 5635(c)(4).
Veritone, Inc. (VERI), a renowned enterprise AI solutions provider, has announced the issuance of an equity award under its Inducement Grant Plan. In line with Nasdaq Listing Rule 5635(c)(4), the grant is aimed as a material inducement to a new employee joining the company.
The equity award comprises restricted stock units (RSUs) that represent the right to acquire 60,000 shares of Veritone's common stock upon vesting. The vesting schedule is structured over a four-year period, with the RSUs vesting in equal portions on the anniversaries of the grant date, conditional on the employee's continuous service with Veritone during the vesting period. It is noted that the recipient of this inducement grant is not an executive officer of Veritone.
Veritone, known for its enterprise AI platform aiWAREâ„¢, supports clients in various sectors such as media, entertainment, and the public sector. The company is dedicated to enhancing operational efficiency and profitability by integrating AI technology with human expertise.
To learn more about Veritone and its offerings, visit their official website at Veritone.com.
