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RNS Number : 6067H MaxCyte, Inc. 20 March 2024
MaxCyte, Inc.
("MaxCyte" or the "Company")
Grant of Options, RSUs and PSUs and PDMR Dealing
Rockville, Maryland - 20 March 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 innovative bioprocessing applications,
announces that on 15 March 2024, a target grant of 400,000 performance stock
units ("PSUs") were granted to Maher Masoud, President, Chief Executive
Officer and Director of the Company, and 225,000 options in respect of common
stock in the Company, 81,250 restricted stock units ("RSUs") and a target
grant of 31,250 PSUs were granted to Douglas Swirsky, Chief Financial Officer
of the Company.
Details of the stock options
The options granted to Mr. Swirsky vest as to 25% of the total grant on the
first anniversary of the date of grant, and the remaining 75% vest in 36 equal
monthly instalments thereafter.
The options granted to Mr. Swirsky have an exercise period of 10 years from
date of grant, at which time they will expire, and have an exercise price of
$4.31, being equal to the closing price of MaxCyte's common stock on Nasdaq on
15 March 2024.
Details of the RSUs
Each RSU represents the contingent right to receive one share of common stock
in the Company. The RSUs granted to Mr. Swirsky vest as to 25% on each of the
first, second, third and fourth anniversary of the date of grant. No exercise
price is payable on vesting or settlement of the RSUs.
Details of the PSUs
Each PSU represents the contingent right to receive one share of common stock
in the Company upon the achievement of specified performance metrics. The PSU
grants made to Messrs. Masoud and Swirsky on 15 March 2024 represent a number
of shares of common stock to be earned if the target level of performance is
achieved. The performance period continues through 31 December 2026, after
which time the level of performance achievement will be determined by the
Board of Directors or an authorized committee thereof. The actual number of
shares of common stock underlying the PSUs to be earned will be between 0% and
125% of the target number of PSUs, depending on the level of achievement of
such performance metrics. No exercise price is payable on the vesting or
settlement of the PSUs.
The information in the tables below is provided in accordance with the
requirements of the UK Market Abuse Regulation.
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 platform, as
well as scientific, technical, and regulatory support, we aim to guide them on
their journey to transform human health. Learn more at maxcyte.com
(https://maxcyte.com/) and follow us on Twitter
(https://twitter.com/i/flow/login?redirect_after_login=%2FMaxCyte_info) and
LinkedIn (https://www.linkedin.com/company/maxcyte-inc-/) .
MaxCyte Contacts:
US IR Adviser
Gilmartin Group +1 415-937-5400
David Deuchler, CFA ir@maxcyte.com (mailto:ir@maxcyte.com)
Nominated Adviser and Joint Corporate Broker
Panmure Gordon +44 (0)20 7886 2500
Emma Earl / Freddy Crossley
Corporate Broking
Rupert Dearden
UK IR Adviser +44 (0)203 709 5700
ICR Consilium maxcyte@consilium-comms.com (mailto:maxcyte@consilium-comms.com)
Mary-Jane Elliott
Chris Welsh
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 Maher Masoud
2 Reason for the notification
a) Position/status President, CEO and 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 PSUs in respect of common stock
c) Price(s) and volume(s)
Exercise Price(s) Volume(s)
N/A 400,000 PSUs
d) Aggregated information
- Aggregated volume 400,000 PSUs (up to 500,000 shares of common stock if performance metrics are
fully satisfied)
- Price N/A
e) Date of the transaction 15 March, 2024
f) Place of the transaction US Stock Exchange, Nasdaq
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Douglas Swirsky
2 Reason for the notification
a) Position/status Chief Financial Officer
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, RSUs and PSUs in respect of common stock
c) Price(s) and volume(s) Options:
Exercise Price(s) Volume(s)
$4.31 225,000
RSUs:
Exercise Price(s) Volume(s)
N/A 81,250
PSUs:
Exercise Price(s) Volume(s)
N/A 31,250
d) Aggregated information
- Aggregated volume 225,000 options, 81,250 RSUs and 31,250 PSUs (up to 345,313 shares of common
stock if performance metrics for the PSUs are fully satisfied)
- Price $4.31 for the options; no exercise price for the RSUs and PSUs
e) Date of the transaction 15 March, 2024
f) Place of the transaction US Stock Exchange, Nasdaq
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