PacBio grants equity incentive award to new employee

PacBio (PACB) announced that the Compensation Committee of the Company’s Board of Directors granted a non-qualified stock option covering 400,000 shares of PacBio common stock, and restricted stock units covering 300,000 shares of PacBio common stock to a recently hired employee under the Pacific Biosciences 2020 Inducement Equity Incentive Plan, effective on February 10, 2025. The award was granted as an inducement material to such individual’s entering into employment with PacBio in accordance with Nasdaq Marketplace Rule 5635(c)(4).