Releases Details

Grant of Options and Restricted Stock Units

Jun 14, 2024
PDF Version
RNS Number : 4058S
MaxCyte, Inc.
14 June 2024
 

 

MaxCyte, Inc.

("MaxCyte" or the "Company")

 

Grant of Options and Restricted Stock Units

 

ROCKVILLE, MD, June 14, 2024: MaxCyte Inc., (NASDAQ: MXCT; LSE: MXCT), a leading, cell-engineering focused company providing enabling platform technologies to advance the discovery, development, and commercialization of next-generation cell therapeutics and to support innovative, cell-based research, announces that on 11 June 2024, a total of 325,608 options ("Option Grants") in respect of common stock in the Company ("Common Stock"), and 170,936 restricted stock units ("RSU"s) were granted to PDMRs who are non-executive directors of the Company. These Options Grants and RSUs were made pursuant to the Company's Equity Grant Policy for non-executive directors. 

 

Details of the Option Grants are given below:

Option Grants to PDMRs


Al-Wakeel, Yasir

40,701

Brooke, Will

40,701

Balthrop, Patrick

40,701

Douglas, Richard

40,701

Erck, Stanley

40,701

Hemrajani, Rekha

40,701

Johnston, John

40,701

Mandell, Art

40,701

Total

325,608

 

Option Grants for non-executive directors fully vest at the end of twelve (12) months after date of grant.  (1 year cliff until fully vested).

 

The Options Grants have an exercise period of 10 years from date of grant, at which time they will expire, and have an exercise price equal to the closing price of MaxCyte's stock on 11 June 2024, of $4.68 on the United States Nasdaq Stock Exchange.

 

Details of the RSUs are given below:

 

Option Grants to PDMRs


Al-Wakeel, Yasir

21,367

Brooke, Will

21,367

Balthrop, Patrick

21,367

Douglas, Richard

21,367

Erck, Stanley

21,367

Hemrajani, Rekha

21,367

Johnston, John

21,367

Mandell, Art

21,367

Total

170,936

 

 

About MaxCyte

At MaxCyte, we pursue cell engineering excellence to maximize the potential of cells to improve patients' lives. We have spent more than 20 years honing our expertise by building best-in-class platforms, perfecting the art of the transfection workflow, and venturing beyond today's processes to innovate tomorrow's solutions. Our ExPERT™ platform, which is based on our Flow Electroporation® technology, has been designed to support the rapidly expanding cell therapy market and can be utilized across the continuum of the high-growth cell therapy sector, from discovery and development through commercialization of next-generation, cell-based medicines. The ExPERT family of products includes: four instruments, the ATx™, STx™, GTx™ and VLx ™; a portfolio of proprietary related processing assemblies or disposables; and software protocols, all supported by a robust worldwide intellectual property portfolio. By providing our partners with the right technology, as well as technical and regulatory support, we aim to guide them on their journey to transform human health. Learn more at maxcyte.com and follow us on Twitter and LinkedIn.

 

MaxCyte Contacts:

 

US IR Adviser

Gilmartin Group

David Deuchler, CFA

 

+1 415-937-5400

ir@maxcyte.com

 

Nominated Adviser and Joint Corporate Broker

Panmure Gordon

Emma Earl / Freddy Crossley

Corporate Broking

Rupert Dearden

 

+44 (0)20 7886 2500

 

UK IR Adviser

Consilium Strategic Communications

Mary-Jane Elliott

Chris Welsh

 

+44 (0)203 709 5700

maxcyte@consilium-comms.com

 

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

a)    Yasir Al-Wakeel

b)    Will Brooke

c)    Patrick Balthrop

d)    Richard Douglas

e)    Stanley Erck

f)     Rekha Hemrajani

g)    John Johnston

h)    Art Mandell

2

 

Reason for the notification

 

a)

 

Position/status

 

 

a)    Non-Executive Director

b)    Non-Executive Director

c)    Non-Executive Director

d)    Non-Executive Chairman

e)    Non-Executive Director

f)     Non-Executive Director

g)    Non-Executive Director

h)    Non-Executive Director

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

MaxCyte Inc.

b)

 

LEI

 

 

54930053YHXULRFCU991

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Common Stock of $0.01 each



Identification code

US57777K1060



b)

 

Nature of the transaction

 

 

Grant of options of common stock

c)

 

Price(s) and volume(s)







Exercise Price(s)

Volume(s)




a)    $4.68

40,701




b)    $4.68

40,701




c)    $4.68

40,701




d)    $4.68

40,701




e)    $4.68

40,701




f)     $4.68

40,701




g)    $4.68

40,701




h)    $4.68

40,701







d)

 

Aggregated information




- Aggregated volume

325,608



- Price

$4.68



e)

 

Date of the transaction

 

 

11 June 2024

f)

 

Place of the transaction

 

 

US Stock Exchange, Nasdaq

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

a)    Yasir Al-Wakeel

b)    Will Brooke

c)    Patrick Balthrop

d)    Richard Douglas

e)    Stanley Erck

f)     Rekha Hemrajani

g)    John Johnston

h)    Art Mandell

2

 

Reason for the notification

 

a)

 

Position/status

 

 

a)    Non-Executive Director

b)    Non-Executive Director

c)    Non-Executive Director

d)    Non-Executive Chairman

e)    Non-Executive Director

f)     Non-Executive Director

g)    Non-Executive Director

h)    Non-Executive Director

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

MaxCyte Inc.

b)

 

LEI

 

 

54930053YHXULRFCU991

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Common Stock of $0.01 each



Identification code

US57777K1060



b)

 

Nature of the transaction

 

 

Grant of restricted stock units

c)

 

Price(s) and volume(s)







Exercise Price(s)

Volume(s)




i)     N/A

40,701




j)     N/A

40,701




k)    N/A

40,701




l)     N/A

40,701




m)  N/A

40,701




n)    N/A

40,701




o)    N/A

40,701




p)    N/A

40,701







d)

 

Aggregated information




- Aggregated volume

170,936



- Price

No exercise price for the RSUs



e)

 

Date of the transaction

 

 

11 June 2024

f)

 

Place of the transaction

 

 

US Stock Exchange, Nasdaq

 

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